Mobile banking on the rise - WALB.com, South Georgia News, Weather, Sports

Mobile banking on the rise

More consumers are doing their banking from their mobile devices. (Source:WALB) More consumers are doing their banking from their mobile devices. (Source:WALB)
People can do all sorts of transactions from their phones. (Source:WALB) People can do all sorts of transactions from their phones. (Source:WALB)
Vic Sullivan, Branch Manager and Financial Advisor at Wells Fargo Advisors (Source:WALB) Vic Sullivan, Branch Manager and Financial Advisor at Wells Fargo Advisors (Source:WALB)
Sullivan says although it's not used much, cash still serves a purpose. (Source:WALB) Sullivan says although it's not used much, cash still serves a purpose. (Source:WALB)
ALBANY, GA (WALB) -

More people are doing their banking from the comforts of their smartphone.

Vic Sullivan is the branch manager and financial advisor at Wells Fargo Advisors in Albany.

Sullivan told WALB News 10 that mobile banking is becoming a trend for many individuals.

“It is a big thing…the technology is there to make things easier for consumers,” Sullivan said.

The financial advisor said that there are many benefits to mobile banking.

With just a few short taps, smartphone users can pay bills, make deposits, transfer money, etc.

“You can do it all on your telephone and certainly on your computer,” Sullivan added.

Using your phone could also be good for the environment.

Many consumers are going paperless by opting out of paper documents and instead getting those same documents on their phones.

When it comes to security, Sullivan mentioned ways to make sure that your banking information stays private.

“We encourage people to not disclose their private online access information with others,” Sullivan said.

You should also keep track of your access information and make sure that it is in a secure place.

Sullivan mentioned that with the popularity of mobile banking, there is less of a need for bank branches.

He expects the trend to continue to grow.

A number of banks have designed their own banking apps to make it easier for consumers.

To find if your bank offers a mobile app, try searching your phone’s app store or call your bank.

Copyright 2016 WALB. All rights reserved.

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