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Mobile banking

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J
Jessica Tinch Allen

Mobile banking allows consumers to make deposits and withdrawals through their smartphones. Deposits can be made by taking photos of checks for mobile deposit. Withdrawals include bill payment and virtual wallets. Business owners can also use mobile banking through apps like Chase Jot to categorize expenses, integrate reports with accounting software, and receive text prompts to manage their business on the go.

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Mobile BankingConsumer to Business
DepositsPOS terminals for SmartPhones accept credit paymentsMobile check deposits
WithdrawalsAutomated bill paymentVirtual WalletsChase Jot
Chase Jot Beginning of mobile business bankingCategorize expenses instantlyText message promptsOwner managementReports integrate with accounting software

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Mobile banking