key benefits to digital banking

2/3/2022

Woman benefiting from digital banking by checking her bank account while she walks to school.

Digital banking is a fast, easy, and convenient alternative to the traditional style of banking. You can perform most financial transactions remotely from your computer or smartphone with this service. Keep reading to learn more about digital banking and how you can benefit from it!

convenience

Life can get busy at times, and the last thing we want to do in these moments is add another errand onto our schedules. Fortunately, digital banking provides you with the convenience of having 24/7 access to your accounts. This means you can perform important banking transactions such as paying bills, transferring money, and applying for loans without having to make a trip to your branch!

Another convenient benefit to digital banking is how simply you can track your financial wellness. Online banking systems allow you quick access to your current savings and loan rates. You can manage your deposits, request to stop payment and even check your credit score. You can also sign up for eAlerts, which provides pertinent information such as upcoming loan payments or when your account balance is low. Additionally, you can make the process of paying bills effortless by setting up recurring payments. Instead of logging into your account or walking into a branch every single billing cycle, your financial institution will automatically pull the funds for you.

pro tip: Make your digital banking experience even more accessible by downloading your financial institution’s Mobile App! Most apps offer more features than a traditional online banking platform. They also tend to be more secure due to authentication log-in requirements, such as facial and fingerprint recognition.

security

We can all agree that security is a massive priority concerning our financial transactions. Some people wonder whether digital banking is less secure than traditional banking, especially with the rise of internet scams and hackers. However, digital banking can be more secure if you take the necessary safety precautions like changing your passwords regularly, staying off public WIFI, and utilizing text alerts to inform you of significant changes to your accounts.

Check out our blog “Top 10 Cyber Security Tips” for more tips on how to stay safe and secure while using your digital devices.

Not to mention digital banking is paperless, which removes the risk of having valuable information get lost in the mail. BlueOx Credit Union offers their members a free service called My Virtual Strongbox to protect digital copies of their most essential records. This is a handy tool for keeping documents safe and makes running necessary errands, like filing taxes, much more manageable!

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pro tip: Any good financial institution will employ strict security policies to protect its online bankers. These include firewalls, website encryption, and constant fraud monitoring. Products such as IDProtect® Plus are created so you can have additional protection against identity theft!

features

Digital banking provides you with tons of features. Whether you are looking to budget your money, make a payment, or manage your cards – your financial institution more than likely offers a digital component for it. BlueOx Credit Union is no exception! Check out some of our most popular digital features:

  • Account-to-Account Transfers - A2A Transfers make it convenient to transfer funds between your BlueOx Credit Union account(s) and your account(s) at another financial institution.
  • Bill Pay -  Bill Pay allows members to easily make payments from their laptop, tablet, smartphone, or other mobile devices. This will save them both time and money by eliminating the need to buy stamps or write checks.
  • Card Controls – Card Controls provide peace of mind if your debit or credit card gets lost or stolen. You can easily turn your cards off to protect your accounts from unauthorized use. 
  • Mobie Deposit -  Mobile Deposit allows members to deposit a check simply by taking a picture of it using their smartphone.
  • Mobile Wallet -  Mobile Wallet provides members with the ability to shop securely using their smartphone, tablet, or smartwatch.

what’s next?

If you are interested in signing up for digital banking, we’ve got you covered! BlueOx Credit Union is committed to providing our members with the most convenient and secure online services possible. Check out our Digital Banking page and Guided Tour Video to learn more!

Digital Banking

Guided Tour Video



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