The Top Five Banking Apps

Author:     Saturday, February 08, 2014 12:00 AM

There are more people using mobile apps these days than ever before. Mobile apps can be easily downloaded to a wide range of mobile devices, including smartphones, iPhones, tablets and more.

Jumping on the bandwagon of producing mobile apps are banks. In fact, for many banking institutions, they have found their mobile apps to be what sets them apart from their competitors, enabling them to attract new customers, retain existing ones, and most importantly, to boost profit levels. Let's take a quick look at the top five bank apps.

MasterCard Banking Apps

We couldn't decide between these two apps: Overwhelming Offers and Priceless Picks. Both are offered through MasterCard and can be downloaded to Apple products. When using the Priceless Picks bank app, consumers are made aware of great offers in the general vicinity that they are in. Overwhelming Offers provides users with customized discounts based on their past purchases. When it comes to keeping consumers happy, MasterCard sure knows what it's doing in terms of bank apps.

J.P. Chase QuickPay

Gone are the days of having to know someone's bank account number to send them money. With QuickPay, all that's needed is a valid email address. According to banking analyst, Stessa Cohen, the QuickPay app "shows promise and makes sense with mobile."

CEO Mobile from Wells Fargo

For those who use iPhones, Wells Fargo has a great bank app to take advantage of. CEO Mobile enables corporate customers to:

  • Initiate wire transfers
  • Approve wire transfers
  • Approve outgoing payments
  • Monitor balances
  • View transaction details
  • Manage exception items
  • View intraday account activity
  • Reset user passwords

Pocket Agent from State Farm Bank

Many people don't realize that State Farm Insurance also has its own bank. The Pocket Agent app does wonders at converting current insurance customers into bank customers. Why is this? Mostly, it's because with the app, users can:

  • Send photos of accidents
  • Process damage claims
  • Receive insurance discounts
  • Check banking account balances

Tap & Go by Citigroup

When it comes to convenience, the Citigroup Tap & Go app is the best banking app available. By putting the sticker on the back of a person's cell phone, the person can then make payments up to $50 by touching the sticker to PayPass readers found at many checkout stations all across the nation at gas stations, retail stores and more. When using the app, there is no need to swipe a card as well as no need to provide a signature.

Source: BFI