Close Menu
Global News HQ
    What's Hot

    I Travel All Over Europe With My 70-year-old Mom, and We Won’t Go Anywhere Without These 12 Essentials

    June 8, 2025

    Essential Guide to Crafting a Successful Daycare Business Plan

    June 8, 2025

    Mini Motorways is getting a creative mode

    June 8, 2025
    Recent Posts
    • I Travel All Over Europe With My 70-year-old Mom, and We Won’t Go Anywhere Without These 12 Essentials
    • Essential Guide to Crafting a Successful Daycare Business Plan
    • Mini Motorways is getting a creative mode
    • Is Hims & Hers Health a Smart Buy Right Now? | The Motley Fool
    • Cudis Bets on Wearables, AI and a Solana Token to Drive the Longevity Movement – Decrypt
    Facebook X (Twitter) Instagram YouTube TikTok
    Trending
    • I Travel All Over Europe With My 70-year-old Mom, and We Won’t Go Anywhere Without These 12 Essentials
    • Essential Guide to Crafting a Successful Daycare Business Plan
    • Mini Motorways is getting a creative mode
    • Is Hims & Hers Health a Smart Buy Right Now? | The Motley Fool
    • Cudis Bets on Wearables, AI and a Solana Token to Drive the Longevity Movement – Decrypt
    • DappRadar: DeFi and NFT Upticks in May Could Mark Start of Recovery
    • Teddi Mellencamp & Edwin Arroyave Reunite for Their Daughter’s Latest Milestone | Bravo
    • The Secret to Staying Strong as You Age May be This Type of Workout
    Global News HQ
    • Technology & Gadgets
    • Travel & Tourism (Luxury)
    • Health & Wellness (Specialized)
    • Home Improvement & Remodeling
    • Luxury Goods & Services
    • Home
    • Finance & Investment
    • Insurance
    • Legal
    • Real Estate
    • More
      • Cryptocurrency & Blockchain
      • E-commerce & Retail
      • Business & Entrepreneurship
      • Automotive (Car Deals & Maintenance)
    Global News HQ
    Home - Finance & Investment - Seven Banking Tasks Retirees Can Do Online or Via a Mobile App
    Finance & Investment

    Seven Banking Tasks Retirees Can Do Online or Via a Mobile App

    Facebook Twitter Pinterest LinkedIn Tumblr WhatsApp VKontakte Email
    Seven Banking Tasks Retirees Can Do Online or Via a Mobile App
    Share
    Facebook Twitter LinkedIn Pinterest Email

    The brick-and-mortar banking experience that retirees relied on growing up is waning. You may be aware that bank closings are becoming common these days as more people shift to mobile apps and online banking. There may be a bit of a learning curve for retirees, but once they make the switch, it can open up a world of convenience.

    After all, you can do much more than check your balance with an online banking website or mobile app. Plus, you don’t have to get off your couch.

    “Smartphone apps are a great way to bank,” says Alison Pahlkotter, innovation product designer and research analyst at GreenPath Financial Wellness, a non-profit financial wellness counseling service. “They are secure and often easy to use.”

    Subscribe to Kiplinger’s Personal Finance

    Be a smarter, better informed investor.

    Save up to 74%

    Sign up for Kiplinger’s Free E-Newsletters

    Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more – straight to your e-mail.

    Profit and prosper with the best of expert advice – straight to your e-mail.

    Banking services retirees can do digitally

    These banking services are popular. An American Bankers Association survey found more than half of U.S. adults (55%) use mobile apps to do their banking while 22% use online banking via laptop or PC. And it’s not just tech-savvy youngsters who embrace this way of banking. Fifty-five percent of Generation Xers and 41% of baby boomers are banking online.

    It doesn’t hurt that pure online banks — think Ally Bank, SoFi and Capital One — tend to offer better savings rates and lower fees, says Stephen Kates, a financial analyst at Bankrate. They don’t have the overhead of a traditional bank and, therefore, pass along the savings to their customers.

    If you are among the holdouts or are new to the online banking world, here is a look at everything you can do without going into a physical bank.

    1. Deposit a check online

    Most banks enable you to deposit checks via their mobile app using your smartphone camera — and it’s easy to do.

    Sign the back of the check like usual, write “For Mobile Deposit Only” below your signature, open the mobile deposit feature on your banking app and take a photo of the front and back of the check. You’ll be asked to input the check amount and click deposit — and you’re done.

    2. Shop for and apply for a credit card

    Whether you are looking for a cash back credit card or travel rewards, it is easy to search and apply for a credit card on your bank’s website or mobile app.

    Many banking apps will provide information about their credit card offerings, let you search by specific features and even ask you to take a quiz to find the one that’s right for you. The best part is that it’s all aggregated for you.

    3. Get a car loan or mortgage

    Even getting a car loan or mortgage can be done digitally through your bank’s app or website. Remember that the rates you get may not be the best, but if you have already done the research and are ready to apply with your bank, it’s made much easier thanks to the bank’s mobile app and website.

    4. Order checks online

    Most banks let you order checks through their banking app or website. You can typically find this feature under the “Account Services,” “Account Features” or “Order Checks” part of the bank’s mobile app or website.

    5. Buy stocks and bonds

    This online feature typically requires a separate brokerage account (which you can set up online, too).

    Once it’s created, you can buy stocks, bonds, mutual funds, ETFs and even cryptocurrencies directly from your bank’s website or mobile app. Some banks will even let you connect with a financial adviser by requesting a call on the sport or scheduling a call for a later date.

    6. Check your credit score

    Banks want to help you build, improve and maintain your credit score; after all, the higher your credit score, the more likely they are to approve you for loans and credit cards, all of which make them money.

    Most banks now team up with one of the three credit rating firms — Experian, TransUnion or TransAmerica — or they may use third-party services to provide your credit score for free.

    7. Find ATMs

    This tip is handy if your local bank branch is closed. Most banks have built-in features that let you search for ATMs near you. You’ll receive the address and distance from your home when you search. Some have a map to make it even easier to get to.

    Tap away, but with caution

    Once you get the hang of using online banking apps, you may not want to bother with waiting in line at a brick-and-mortar bank. Just remember that the price of such convenience is that scammers hope to get your retirement savings or break into other financial accounts. So, practice caution with any online financial apps you decide to use.

    Related content

    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr WhatsApp Email
    Previous ArticleWhich GoRuck Backpack Should You Buy?
    Next Article The Tariff Wars Just Upended Your Supply Chain. Here’s How to Adapt.

    Related Posts

    Is Hims & Hers Health a Smart Buy Right Now? | The Motley Fool

    June 8, 2025

    RxSight Stock: Valuation Blowout Creates Opportunity (NASDAQ:RXST)

    June 7, 2025

    Baby Boomers vs Gen X: Who Spends More?

    June 7, 2025

    Private equity firms overhaul exit strategies as IPO market slams shut

    June 7, 2025
    Leave A Reply Cancel Reply

    ads
    Don't Miss
    Travel & Tourism (Luxury)
    9 Mins Read

    I Travel All Over Europe With My 70-year-old Mom, and We Won’t Go Anywhere Without These 12 Essentials

    As an adult, I’ve always found traveling with a parent feels a little backwards. Suddenly,…

    Essential Guide to Crafting a Successful Daycare Business Plan

    June 8, 2025

    Mini Motorways is getting a creative mode

    June 8, 2025

    Is Hims & Hers Health a Smart Buy Right Now? | The Motley Fool

    June 8, 2025
    Top
    Travel & Tourism (Luxury)
    9 Mins Read

    I Travel All Over Europe With My 70-year-old Mom, and We Won’t Go Anywhere Without These 12 Essentials

    As an adult, I’ve always found traveling with a parent feels a little backwards. Suddenly,…

    Essential Guide to Crafting a Successful Daycare Business Plan

    June 8, 2025

    Mini Motorways is getting a creative mode

    June 8, 2025
    Our Picks
    Travel & Tourism (Luxury)
    9 Mins Read

    I Travel All Over Europe With My 70-year-old Mom, and We Won’t Go Anywhere Without These 12 Essentials

    As an adult, I’ve always found traveling with a parent feels a little backwards. Suddenly,…

    Business & Entrepreneurship
    10 Mins Read

    Essential Guide to Crafting a Successful Daycare Business Plan

    Key TakeawaysA solid daycare business plan is essential for outlining goals, guiding operations, and securing…

    Pages
    • About Us
    • Contact Us
    • Disclaimer
    • Homepage
    • Privacy Policy
    Facebook X (Twitter) Instagram YouTube TikTok
    • Home
    © 2025 Global News HQ .

    Type above and press Enter to search. Press Esc to cancel.

    Go to mobile version