If you don't already get bank account alerts such as these, it might be a good time to set them up to help monitor your finances. Most consumers already use a mobile banking app - 81% use it at least monthly, according to the American Bankers Association.
Mobile bank alerts, which help customers stay aware of their finances and watch for suspicious activity, are one of the advantages unique to online banking. These eight alerts serve several different purposes and can help you bank better.
What is the purpose of setting up alerts in a mobile banking app?
Setting up notifications in your bank's mobile app offers several benefits. These alerts help you spot unauthorized access to your account or debit card immediately, prevent costly fees from overdrafts or low balances, and track your spending in real time. By monitoring your balance and transactions automatically, mobile alerts make it easier to stay on top of your finances.
Mobile banking alerts are often highly customizable and encourage smart financial management. Most banks offer at least some alerts through their apps, which can be turned on or off as needed.