September 2019 - Mercer Savings Bank

With mobile banking, you get many features of a brick-and-mortar bank right in your pocket. Mobile banking on your smartphone can help you save time, but did you know it can also help you save money?Learn more about the ways mobile banking can help you stick to a budget and keep your savings goals on track.Easily See Your Account Balances on Your PhoneWhen you wait for a paper bank statement or just forget to log in to your online banking account, it’s easy to forget (or exaggerate) exactly how much money is in your account. And that makes it easier for you to justify purchases when you’re out and about.With mobile banking, try this tip: Next time you’re thinking about splurging at the coffee shop or treating yourself to a new pair of shoes, give your account balance a quick check.If you’re comfortable with the number there and you’ve built this purchase into your budget, go for it! But if not, seeing how much your purchase could affect your budget can help you pump the brakes.When you regularly check your account balance, you’ll ensure that you catch any mistakes or fraudulent activity right away. You’ll also be more aware of any regular purchases you make and have a chance to eliminate or reduce them.Deposit Checks When It’s Convenient for YouNowadays, it’s easy to receive a check as a gift, rebate or refund and let it sit around forever without depositing it. But that’s money you’re letting go to waste – and you’re likely annoying the person who wrote it because they don’t know where it is!When you get a check, you can use your mobile banking app to deposit it wherever you are. Typically it’s a quick, easy process – just endorse the check, take photos of the front and back, and follow the instructions on the app. You just saved yourself a trip to the bank and took care of that check you’ve had lying around.Pay Bills On Time, Every TimePart of a healthy budget isn’t just saving money – it’s spending it when you need to. And taking care of the bills is one time it’s important to pay up quickly.Mobile banking makes it easy and hassle-free to pay your recurring bills. Once you set up bill pay with your mobile banking app, you can make sure the amount is withdrawn each month when due, or send it as needed. There’s no more trying to remember if you’ve paid the bill or paying a late fee when you forget.Other Mobile Apps to Help You BudgetYour bank’s mobile app is one great way to stay on top of your budget, but it’s not the only one. Your bank might even offer more than one option depending on what you need.For example, some apps (like CardValet) let you set spending limits on your debit cards, monitor their usage, and turn access on and off in case they’re lost or stolen. Others allow you to send money quickly and easily to people you trust.Outside of your own bank, there are apps like Mint that help you check your credit score, set a budget, get tips for managing your money and more.Mobile Banking with Mercer Savings BankCheck your account balance and get help reaching your financial goals with mobile banking from Mercer Savings Bank. Just download the Touchbanking app from Google Play or the App Store, enter our code and get started.