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Banking Basics

Mobile Banking 101

Need on-the-go access to your finances from your phone or tablet? Learn more about how to use mobile banking to manage your money.

Catherine Hiles • December 8, 2022

In This Article

  1. What is mobile banking?
  2. Top mobile banking app features
  3. How to endorse a check for mobile deposit
  4. How to make a mobile check deposit
  5. Chime mobile check deposit
  6. How to move money into your Chime account
  7. What are peer-to-peer payments?
  8. How to avoid mobile app fraud
  9. Mobile banking makes your financial life easier

Mobile banking is a safe and easy way to manage your money from your phone or tablet. Financial institutions design their mobile banking apps to be user-friendly and secure, so you can spend less time worrying about your money and more time enjoying life.

Learn more about mobile banking, and see why Chime is the #1 most-loved mobile banking app¹ in the U.S.

What is mobile banking?

In the past, banking meant physically going to your bank to make deposits and withdrawals. But mobile banking allows you to manage your money from your phone or tablet.

Most major banks offer mobile apps to check your balance, deposit checks, transfer funds, and more. Some mobile banking apps also monitor your accounts for suspicious activity and send an alert if they notice anything unusual.

Depending on the bank, you can log into your mobile banking app using a passcode, facial ID, or fingerprint for added security. Many banks recommend enabling two-factor authentication as well to help protect your banking information.

Find out more about mobile banking and what it can offer you.

Top mobile banking app features

There are several must-have mobile banking app features to look for when choosing your financial institution. 

  1. Mobile check deposit. Deposit checks quickly and easily from your phone – no need to visit a bank.
  2. App notifications. Keep track of your money and view purchases in real-time. You can identify unauthorized payments quickly and take action by disabling your card to prevent further suspicious transactions. 
  3. Virtual credit card. Pay for goods and services with a virtual card. If your card is lost or stolen, this feature means you won’t have to wait for a replacement.

Read about the top mobile banking app features and how they can make your life easier.

How to endorse a check for mobile deposit

Before you can deposit a check using a mobile app, you’ll need to endorse it by following a series of steps:

  1. Review the check to make sure the amount and payment information is correct.
  2. Look for the endorsement area on the back of the check. There should be a note warning you not to write underneath the line.
  3. Sign your name in the endorsement area and add any required wording, called a restrictive endorsement (often along the lines of “for mobile deposit only,” though it can vary between institutions).
  4. Review your endorsement to make sure it’s legible and that you’ve included all the necessary information.

Read more about endorsing a check for mobile deposit.

How to make a mobile check deposit

Making a mobile check deposit is easy – follow a few simple steps to gain access to your funds.

  • Check your app to make sure it allows mobile check deposits. Most apps will prominently display the feature so you can see at a glance whether mobile check deposit is possible.
  • See if there are any limits. Most mobile banking apps have some limitations for depositing checks, like a maximum number of checks you can deposit in a given timeframe or a maximum deposit amount.
  • Review and endorse the check. Make sure the payment information is correct, and your endorsement signature is legible.
  • Deposit the check. Enter the check amount and upload photos of the front and back of the check. If everything looks good, you can deposit the check.
  • Wait for the check to clear. It can take up to five business days, not including federal holidays. Some mobile banking apps clear the funds sooner.

Find out more about how to make a mobile check deposit.

Chime mobile check deposit

Making a mobile check deposit using the Chime app is easy. First, endorse your check using blue or black ink. Then, open the mobile app, tap Move Money (located at the bottom of the screen), and tap Mobile check deposit. The app will ask you to photograph your check against a dark background and upload it.

Once you’ve followed the prompts in the app and deposited your check, you’ll have access to your funds within five business days (though it can be sooner). Deposit your checks during weekday business hours if possible.

Learn more about Chime mobile check deposit.

How to move money into your Chime account

There are five main ways to move money into your Chime account:

  • Direct deposit. You can set up a direct deposit using the Chime app and get your money paid into your account automatically each month. Chime even lets you access your funds up to two days early.²
  • Instant transfer. The first time you add money to your Chime Checking Account, you can use instant transfer to move at least $200.
  • Transfer from a major bank. Chime allows transfers from a wide variety of banks. You can transfer up to $10,000 per day or $25,000 per month.
  • Transfer from another account. You can still transfer money using another bank’s app if Chime doesn’t list your bank.
  • Deposit cash. In partnership with Walgreens, Chime allows you to deposit cash at a local walk-in retail location.

Find out more about how to move money to your Chime accounts.

What are peer-to-peer payments?

Peer-to-peer (P2P) payments allow you to send and receive money from your phone or tablet easily. There are several P2P services available, including PayPal, Venmo, Zelle, Cash App, Google Pay, and Apple Pay, and Chime’s Pay Anyone

P2P services help when you need to split the check when you’re out for dinner with friends or pay your roommate for your share of the rent. Once you download your P2P app, you can search for friends using their username, email, or phone number. Then, you can send them money instantly.

Discover how peer-to-peer payments work and how to use a P2P service.

How to avoid mobile app fraud

Using P2P services to send and receive money is convenient but can open you up to fraud. Luckily, there are several ways you can avoid mobile app fraud, including the following:

  • Don’t use P2P with strangers. Only use mobile payments with people you trust. If you’re sending money to a friend for the first time, ask them to send you a request so you can be sure you’re paying the right person.
  • Keep your login secure. Don’t share your login information with anyone; use additional security methods like facial recognition or fingerprint ID to prevent hackers from accessing your account.
  • Verify money requests. Contact friends outside the app to verify if you get an unexpected money request. A scammer might be to blame if they didn’t send the request.

See more tips on how to avoid mobile fraud when using P2P payment apps.

Mobile banking makes your financial life easier

Life can be complicated, but banking doesn’t have to be. Choosing the right mobile banking app can help simplify your life while keeping your money safe. 

Chime is the #1 most-loved mobile banking app¹ – make the switch to manage your money from your phone and get paid up to two days early.²

Banking services provided by The Bancorp Bank, N.A. or Stride Bank, N.A., Members FDIC. The Chime Visa® Debit Card is issued by The Bancorp Bank, N.A. or Stride Bank pursuant to a license from Visa U.S.A. Inc. and may be used everywhere Visa debit cards are accepted. The Chime Visa® Credit Builder Card and the Chime Visa® Cash Rewards Card are issued by Stride Bank pursuant to a license from Visa U.S.A. Inc. and may be used everywhere Visa credit cards are accepted. Please see back of your Card for its issuing bank.

While Chime doesn’t issue personal checkbooks to write checks, Chime Checkbook gives you the freedom to send checks to anyone, anytime, from anywhere. See your issuing bank’s Deposit Account Agreement for full Chime Checkbook details.

By clicking on some of the links above, you will leave the Chime website and be directed to a third-party website. The privacy practices of those third parties may differ from those of Chime. We recommend you review the privacy statements of those third party websites, as Chime is not responsible for those third parties' privacy or security practices.

Opinions, advice, services, or other information or content expressed or contributed here by customers, users, or others, are those of the respective author(s) or contributor(s) and do not necessarily state or reflect those of The Bancorp Bank, N.A. and Stride Bank, N.A. (“Banks”). Banks are not responsible for the accuracy of any content provided by author(s) or contributor(s).

1 Chime received the highest 2021 Net Promoter Score among competitors in the industry according to Qualtrics®. Chime was the 2021 #1 most downloaded banking app in the US according to Apptopia®.

2 Early access to direct deposit funds depends on the timing of the submission of the payment file from the payer. We generally make these funds available on the day the payment file is received, which may be up to 2 days earlier than the scheduled payment date.

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