Mobile banking is the new frontier in banking. The need for fast, easy, secure, and convenient banking solutions that can be accessed 24 hours a day from any location has driven rapid innovation in this area. In recent years, we’ve witnessed tremendous growth in digital mobile app development technology. There has been a shift from merely focusing on improving transactional experiences towards providing holistic banking solutions.
Today, there are thousands of mobile banking apps offering a range of financial services. One can now access the various financial services traditionally offered by banks, on their android smartphone. These include quick cash transfers, financial planning, capital investment, scheduling loan repayments and many more.
If buyers are in the market for a free mobile banking app, they’ve come to the right place. We’ve done all the heavy lifting, by compiling a list of the best free mobile banking apps for android smartphones and their best features.
Varo’s banking services are entirely digital. Is it a real bank? As read on TopMobileBanks, it is indeed a nationally chartered bank as of July 2020 and one of the first of its kind.
Customers can access their account on the bank’s website, but the mobile app offers most of the banking services. The app’s simple user interface and extensive account tools makes it stand out as one of the best money management mobile banking apps.
Users can track activity on their account or debit card and keep detailed records of their expenditure. The app also allows customers to view other bank accounts and transfer money between them seamlessly. “Save Your Pay” and “Save your Change” features allow users to set up automatic transfers to their savings accounts.
- PNC Bank
With the PNC bank mobile banking app, there’s for carrying debit or credit cards. While most mobile banking apps only allow users to use their phone as a debit card, the PNC app gives one access not only to their debit card, but also credit and SmartAccess cards.
In addition to all the financial services expected from a top financial institution, Discover mobile banking app features an in-app marketplace. This marketplace offers great deals for shoppers and bargain hunters. The app also allows users to redeem credit card rewards and check their FICO credit score.
- Synchrony Bank
Synchrony Bank offers online-only banking. Its mobile banking app is ideal for managing multiple accounts. The app goes beyond streamlining transactions. While one can pay bills, initiate transfers and deposit checks using the app, they can also track transactions and balances of their credit cards.
The app offers robust security protocols that include multi-factor authentication, 24/7 security monitoring and identity theft resolution.
- Ally Bank
Being a leading institution in the online banking sector, Ally bank boasts one of the best mobile banking apps today. The app has a clean and user-friendly interface that allows users to access a wide range of mobile banking services including free money transfer, mobile check deposit, online bill pay, ATM locator and transaction and balance histories.
Then Ally Bank mobile banking app enables users to trade securities and track investment performance on their smartphones. The latest market news is also provided to help users make informed investment decisions.
If a consumer is looking for a simple mobile banking app to send and receive money safely and quickly, they can also try CashApp. This widely popular app is ideal for sending and receiving money, mobile banking and investing. To send cash using the app, customers only need the recipient’s phone number, email address, or $Cashtag. Sending money from the app to a bank account is free.
Cash App banking allows users to deposit funds such as their paycheck directly to their CashApp account. A Cash App card is needed to unlock the banking feature and set up an account. It is straightforward and these accounts can be set up without SSN, it is possible. There’ just a few details about limitations that might be worthy of noting, as seen on Top Mobile Banks blog.
CashApp investing allows customers to invest in stocks and cryptocurrency.
Always Make the Wise Decision For Self
Whether customers are looking to make person-to-person transactions, manage their budget or trade stocks on their android smartphone, there is a free mobile banking app for them. This honest review should guide them in their quest to find the most suitable mobile banking app for their financial needs.
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