The Benefits of Digital Banking During the Coronavirus Pandemic

Now that the world is in the midst of a coronavirus pandemic that involves a potentially deadly virus, the banks around the nation are placing the health of their customers, the communities where they operate, and their employees as a top priority.

Online Banking

Considered to be an essential business, banks are taking every measure possible to ensure the overall continuity of their commercial operations and are now assisting customers in learning how to properly utilize and leverage their technological services so that they may handle their financial affairs in a safe, distant, and remote fashion.

There are many benefits of utilizing digital banking services during this dire pandemic. Continue reading to learn about a few of the rewards you may reap by going digital.

Online Banking

Online banking allows you to utilize a web browser to perform a multitude of tasks. These include paying bills, accessing your checking or savings account, and transferring money.

The main benefit is that this is extremely convenient.

You may view your transactions, move your money from one account to another, sync your checking account or savings account with online payment systems, and you may access all of the features of online banking 24 hours a day, 7 days a week – and even on holidays!

By participating in online banking, you will not come in contact with anyone; therefore, you eliminate your exposure to the coronavirus!

Mobile Banking

Mobile banking is online internet banking on steroids! Instead of using it from the confines of an internet browser, mobile banking is performed on your cell phone, tablet, or a similar type of smart device.

You can set up payment/bill alerts, access your bank statements, receive alerts when your money reaches a certain amount, make information request, and more!

You may also sync mobile banking to online mobile money apps that will allow you to send and receive money from anyone! If you are like most, your phone is always with you.

This means you will always have access to your finances with just a tap of a finger!

Video Banking

Video Banking

Today, many banks have closed their doors to indoor, face-to-face service due to the COVID-19 pandemic. This is a measure taken simply to protect employees, customers, and individuals within the community.

In recent months, more and more banks have started using video banking.

This is where you can connect to professionals in your bank through a remote video connection.

It is almost the same as an in-bank visit, only no risk of exposure to any infectious agents!

This type of banking allows you to conveniently access a banker at a location and time that is optimal for your needs. Additionally, many services may be performed.

Examples include account inquiries, withdrawals, paying bills, and more!

Reduce Your Risk

Now that we are in the midst of a global pandemic, digital banking is taking on a whole new face and becoming more popular than ever before! By using online banking, mobile banking, and video banking, you can reduce your risk of contracting the coronavirus, manage your finances, and do it when it is most convenient for you!

Watch our Information about Mobile Banking at Somerville Bank