Let’s face it — managing your money isn’t something that you’re taught in school (but learning about isosceles triangles sure came in handy.) Yet, learning how to manage finances is key to proper adulting.
Indeed, the best way to manage money can seem like a process of trial and error. But here’s a secret: using a mobile banking app makes it much easier.
Bank apps offer users a whole host of tools and features that make it easier than ever to manage their money. Perhaps the best example of this is with Chime’s mobile app Bank. So, let’s dive in and find out how the Chime bank account app can help you manage your money.
1. Mobile banking is convenient
Traditional banks make money management a pain. You may not like going to in-person branches, waiting in lines and dealing with tellers that treat you like a number. And, while traditional banks may have online banking apps, many of them are clunky and not very user-friendly.
When it comes to mobile banking apps, you’ll want to look for an app that’s flexible, convenient and accessible. It’s also important that the app is intuitive and offers a user experience that makes sense. Chime’s banking app fits the bill. It’s easy to use and works with your lifestyle so you can take control of your financial life.
Some other convenience perks: you can easily transfer money from your Spending Account to your Savings Account. Plus, if you’re out to dinner and need to pay back a friend, you can easily transfer money to that friend using the Chime banking app.
Chime can help you stay on top of your financial life and make managing your money easier and convenient. No more bank visits, frustrating online apps or confusing websites. Chime has one of the best mobile banking apps, giving you the power to take charge of your money.
2. You can track your spending in real time
One of the most important steps toward improving your money management skills is to track your spending and understand your habits. But tracking can be tedious. Using the Chime mobile app, you know where you stand with your money at all times and where your cash is going.
You can get instant transaction alerts sent to your smartphone when you use your debit card. Not only that, but Chime sends you daily updates on your bank account balance so you’re never left in the dark.
3. Skip the bank fees with Chime’s mobile app
Benjamin Franklin said “Beware of little expenses. A small leak will sink a great ship.”
Perhaps the most annoying little expense is a hidden bank fee that you didn’t know about. But
At traditional banks, fees are everywhere. From monthly maintenance fees to overdraft fees, to ATM fees and foreign transaction fees. All of those charges add up and cost you. In fact, the average household in the U.S. pays an astonishing $329 in bank fees every year.
When you’re trying to get your money right, you need to keep all the coins you can. Keep in mind: you’re the one trying to pay down your student loans, get out of credit card debt and save for that trip to Aruba you’ve been dreaming about.
With Chime mobile banking, you can ditch fees forever. Seriously. No fees. No surprises. You can take that money and put it toward debt, savings, or something fun just for yourself. All of that money adds up and can make a difference.
4. Get paid early
What’s your favorite day? When asked that question, most people would say “payday.” There’s something exhilarating and calming about knowing that money is hitting your bank account. It’s your reward for your hard work and a job well done. And, it also lets you pay your bills.
Imagine if you could get paid two days before payday. How exciting would that be? What could that do for your cash flow, your ability to pay bills faster and save more money? At Chime, we know the benefit of getting paid early. This is why we’ve created Early Direct Deposit. When you sign up for this option, you can get paid up to two days before your payday.
Your funds won’t be held hostage and you won’t have to deal with pesky physical checks. Getting your money early can help you take action on your financial goals.
5. Save more money, right from your phone
You want to save for a rainy day. Save for your future. Save for your friend’s wedding next summer. Save for a ticket to Burning Man. It can all seem so overwhelming if you’re trying to figure out how to manage finances.
Using Chime’s online banking app, you can save easily and effortlessly for everything you want. We have a Save When You Spend feature which rounds up your transactions to the nearest dollar and transfers that money from your Spending Account to your Savings Account.
So, if you go out for coffee and get a cappuccino for $3.75, that figure will be rounded up to $4 and twenty five cents will be transferred to your Savings Account. While that may not seem like a lot, your collective transactions add up and you’ll save a good chunk of change before you know it.
On top of that, you can automatically save a percentage of each paycheck with Chime. This way, when you get paid, you know you’re already saving money without extra work on your part. Boom. Savings just got easier. Your goals just got closer.
6. Mobile banking apps keep your money safe
If you lose your debit card, it can be quite scary. After all, your card links straight to your checking account and this is where your money is housed. So, what can you do if you lose your debit card or it gets into the wrong hands?
Instead of waiting in a long line to talk to a customer service rep and answer a million questions, you can use the Chime app and put a halt to your transactions immediately. Simply use your mobile device to block transactions on your debit card. This will prevent any new transactions or withdrawals from your account.
Additionally, Chime has a Zero Liability policy so you won’t be held responsible for any unauthorized charges. In an environment ripe for data breaches and identity theft, being protected is crucial. We take an extra security measure and require two-factor authentication and also have fingerprint authentication.
Ready to finally learn how to manage your money? A bank account like Chime features can help you both manage your money and reach your financial goals.
Life is more than just paying bills and working. With one of the best mobile banking apps on the market, Chime aims to make managing your money simple and even, well, fun. Isn’t it time you lived a less stressful life?