Mobile banking has become a must-have for consumers due to recent advances in technology. The shift to digital banking has enabled banks to offer more personalized services to their customers and better manage customer data, making it easier than ever to access financial services on-the-go.
There are many mobile banking apps on the market. Not all of them are created equal. Some may have more features than others.
The best mobile banking apps are broken down in this article. You can manage your finances on-the-go with these apps. There are mobile banking services that can help you reach your personal finance goals. With mobile banking, you can easily manage your finances on the go and make sure that you stay on track with your financial goals.
8 Best Mobile Banking Apps for 2023
There are favorites for each category in my top 8 mobile banking apps. It is easier than ever to manage your finances on the go with these mobile banking apps.
- Chase Mobile : Best national banking app
- Ally Mobile : Best online-only banking app
- Chime – Mobile Banking : Best for direct deposit
- Bank of America Mobile Banking : Best for security
- Discover Mobile : Best for customer service
- PNC Mobile Banking : Best for budgeting
- Schwab Mobile : Best for investors
- Capital One Mobile : Best for credit cards
Chase Mobile: Best national bank app
JP Morgan Chase has over $3.2 trillion in assets. It was established in 1799 and is one of the oldest financial institutions in the world. Chase invests a lot of technology in its mobile app.
The Chase Mobile app has a good rating in both the App Store and the Play Store, with a 4.5-star rating in the App Store and a 4.5-star rating in the Play Store. The app is very popular with customers of the bank. With over 5 million reviews under its belt, the Chase Mobile app is our top pick from among the Big Four bank apps. Chase Mobile is the most popular app because of its unbeatable user experience and wide range of features.
Learn More:
- Read our full Chase Bank review
Ally Mobile: Best online-only bank app
Ally Bank is one of the most robust all-around mobile banking apps. The Ally Bank mobile app is one of the most user-friendly banking experiences on the market.
Ally has a banking account that has higher interest rates and lower fees. The convenient service of Ally’s banking account is both cost-effective and financially rewarding. Ally is a great place to look for high-interest checking and a great banking experience. You can be sure that your money is safe with Ally.
Ally has high-interest rates and widespread ATM access, as well as a stellar mobile experience. Ally’s online banking platform is user friendly and easy to navigate, making it easy for customers to manage their finances. For this reason, Ally is one of the most popular online banks.
Learn More:
- Read our full Ally Bank review
Chime – Mobile Banking: Best for direct deposit
If you get direct deposits from your employer, you should use the Chime app. The Chime app is an easy and secure way to manage your money, so you can be sure your funds are always in the right place. Payments can be made two days earlier with a traditional bank. You can use your funds sooner if you access them faster.
Chime also has a handy budgeting feature that lets you automatically set aside a portion of each paycheck into a Chime savings account.
The company has an online-only bank. Savings accounts, checking accounts, loans, and credit cards are some of the services it offers. They are able to offer higher interest rates. Local, not-for-profit savings banks are often focused on giving back to the community they serve. Chime has a savings account that has an annual percentage yield of 0.50%.
Learn More:
- Read our full Chime Review
Bank of America Mobile Banking: Best for security
Bank of America has one of the most trusted mobile apps on the market. The app has security features that keep your information safe.
You don’t lose access to your accounts if you set travel notices in the Bank of America mobile app. The app can be used to transfer money between accounts. When suspicious activity is detected, the app offers continuous credit monitoring and instant notifications. It also allows users to quickly dispute any fraudulent charges with their credit card companies or banks.
In addition to strong mobile security, the Bank of America mobile app comes with an automated assistant for quick and reliable support, like checking account balances and account information and seeing whether recent bill payments went through. The Bank of America mobile app allows users to easily and securely manage their accounts from anywhere, giving customers peace of mind and convenience. It also has a handy mobile deposit feature, so you don’t have to go to a physical bank for a check deposit. You can get access to your money sooner if you deposit your money on a mobile device. You can do it on your phone. With today’s technology, you don’t need a computer in order to do your work, there’s no need for extra hardware or software, and you can do all of your tasks with the touch of a finger.
Whether you want to check your account balances, send money through Zelle, or transfer money between your accounts, Bank of America Mobile Banking can do it all. You can use Bank of America Mobile Banking to manage your rewards points. Plus, like all national banks, your funds are FDIC-insured.
Learn More:
- Check out Bank of America’s promotions
Discover Mobile: Best for customer service
Discover is best known for credit cards, but its banking products, including its cash back checking account, are quickly attracting attention. One of the most generous rewards programs in the banking industry is offered by the Discover cash back checking account.
The customer support department is a must-have when shopping for banks. The customer support team is always available to answer any questions customers have.
Discover Bank has live customer support seven days a week. When assistance is needed, you should be able to contact a team member. It is important that the team is available and responsive in order to ensure the best possible experience.
Discover has live support online. Customers can get assistance from Discover’s online support team. You can chat with a When you have a question, you can engage in a live chat with the U.S.-based representative. If you prefer to call us directly, we have a toll-free number staffed by our friendly and knowledgeable customer service representatives.
Another cool feature of the Discover Mobile app is that you can conveniently access your FICO credit score, for free, anywhere you go. The score is displayed instantly if you enter your TouchID or 4-digit password. It’s easy to check your score.
Learn More:
- Read our full Discover Bank review
- Check out Discover Bank’s promotions
PNC Mobile Banking: Best for budgeting
PNC customers that use the bank’s The virtual wallet service has access to budgeting tools in the mobile banking app.
The number of bills and expenses you owe can be entered with the Your Scheduled Out feature. It can help you plan for upcoming bills and expenses so you can stay on track with your financial goals by calculating the total amount you owe and offering suggestions on how to best manage your payments. The app subtracts what you owe from your checking account balance to show you how much money you have to spend. You can check your balance at any time with the app.
You can schedule automatic transfers to your savings account within the app. If you set up automatic transfers, you won’t have to worry about manually transferring money. These tools can be beneficial if you need a little bit of assistance sticking to a budget.
Schwab Mobile: Best for investors
Schwab is best known for brokerage accounts and investment products, but the firm also has a bank called Schwab Bank.
You can deposit and transfer funds from your high-yield checking account to your brokerage account with the help of the Schwab mobile app. You can use the app to keep up with the financial markets. You don’t have to log in to an external bank to move money around.
The bank account is a typical checking account and you can use it for everyday spending with the Schwab Bank Visa Platinum Debit Card. The card is accepted at millions of locations, so you can make purchases wherever Visa is accepted.
For investors, Schwab Mobile is one of the more refined and sophisticated trading apps on the market. It is worth considering if you are a beginner or experienced when it comes to mobile banking and investing. Tools and resources are available to help you achieve your financial goals.
Learn More:
- Read our full Schwab review
Capital One Mobile: Best for credit cards
Capital One is the fifth-largest credit card issuer in the U.S., so it comes as no surprise that its mobile app is one of the best for managing credit card accounts. Staying on top of your finances is easier than ever thanks to its mobile app.
You can pay your credit card bills within the app if you already have a Capital One bank account. You will benefit from a streamlined experience that makes managing your finances easy. Sending money with Zelle, online bill pay, and mobile check deposit are some of the things you can do with the app.
The Capital One mobile app has a good rating in both the App Store and the Play Store. Capital One is near the top of the J.D. Capital One’s commitment to providing customers with great products and services is reflected in Power’s U.S. credit card satisfaction study. Power survey, “Highest in Customer Satisfaction Among Mobile Banking Apps.”
Tips for Selecting a Mobile Banking App
Important things to keep in mind when selecting a mobile banking app. To get a better understanding of the app’s features and security measures, read reviews and do research.
Be selective
It might feel overwhelming because there are so many good bank apps to choose from. It is possible to narrow down your choices by doing research and reading reviews. You can end up with five different banking apps on your mobile device if you don’t sign up for the right accounts from the get-go. Before signing up for any accounts, it’s important to plan ahead and think about how you want to manage your finances.
I recommend that you consolidate your accounts with the best providers. Not only is it easier to manage fewer bank accounts, but the risk of your data getting compromised is much lower. It is possible to forget the details for each account, which can be a huge hassle, if you have fewer accounts.
If you want to open a new HYSA, you should check if the bank also has checking accounts. Fees associated with opening and maintaining a HYSA account can vary from bank to bank. If it does, you can consolidate both your checking accounts and savings accounts in one place and delete the old account and app that you don’t need.
Most people have two or three apps. It’s important to choose an app that works for you. One can be for checking, one for savings, and the third for investing. One account can be used for travel, another for emergencies, and yet another for retirement.
Customer service is critical
Some banks provide better customer support than others. It is possible to have the best mobile bank app in the world, but if you can’t get help when you need it, you will be frustrated.
Look for apps that offer customer support. You may want to look into third-party customer service platforms that offer the same features if you can’t find any apps that provide in-app customer support. Many online banks require you to send an email or submit a ticket in order to get help, which can be annoying if you need help right away. You can call the customer service phone lines at many online banks.
You can use the mobile app to get phone support from large banks. You can get help at any time with phone support.
Banks talk a big game with customer support. They often don’t deliver on their promises. They don’t always deliver on their promises. This can lead to distrust of the company. Poor customer service is a dealbreaker when selecting a mobile bank app. If there is a problem, you should look for an app that is friendly and reliable.
You are going to use your bank app a lot. Take the time to learn about all of the features and capabilities that the bank app has to offer. It is not uncommon for people to use their bank apps several times a day. Through the mobile app, you will be able to transfer money and pay bills.
It is essential that your bank app works well.
If you want to sign up for a new bank and download its app, narrow your focus to the top-rated options. It’s a good idea to research which banks have the most reliable customer service. It’s usually an indication that the apps have an excellent user experience. High ratings are a great way to measure the success of an app.
Unless you like punishment, avoid apps with poor ratings. Before you download an app, look for reviews from credible sources. I think you should probably skip over any mobile bank app that has a rating of less than 4 stars. To get an idea of the quality of the app, read reviews from other users.
Frequently Asked Questions
Can I trust mobile banking?
Overall, yes. Mobile banking used to be less secure. Thanks to the implementation of advanced security measures, mobile banking has become much more secure. Leading banks are more focused on cybersecurity. To ensure customer data is kept safe and secure, banks are investing heavily in cutting-edge technology and training their staff to recognize potential threats. You can expect to see a variety of security measures in place, with features like two-factor or multifactor and round the clock fraud monitoring.
Don’t assume that your bank is secure because no bank is. It is important to remember that banks have sophisticated security measures in place to protect your money, but it is still wise to take additional precautions to ensure your own financial safety. If you lose your bank account, you should add a password on your mobile device so that no one can access it.
Red flags that might indicate a company is not serious about security can be found when vetting mobile bank apps. When researching a potential mobile banking app, be sure to read customer reviews and look out for any reports of suspicious activity. This will be reflected in the reviews of the apps. When evaluating the quality of an app, it is important to consider the feedback of users.
What is multi-factor authentication?
A form of password protection that involves using multiple safeguards is called multi-factor authentication.
Passwords may be used in conjunction with security questions or text messages. An extra layer of security is provided to protect user accounts. Many companies are using facial recognition to protect their accounts.
It takes a bit of time when logging into an app or making a transaction. It can help prevent fraud. Taking preventive measures to protect against fraud is not always easy, but it is worth the effort as it can help protect your business from financial losses. If you have an account, you should use it. If you want to keep your account safe and secure, it’s worth taking the time to set it up.
What is the best mobile banking app?
To answer this question, you need to know which bank is right for you. You can begin to answer the question of what you need to open an account once you’ve found the best bank for your needs. Do you want to be able to pop into a local branch and work with your bankers? If you want more personalized customer service, you may want to use a local credit union or small bank. If that’s the case, you should pick a large national bank, and any of the “Big Four” bank apps can probably serve your basic banking needs. Convenient services such as phone banking, online banking, and mobile banking are offered by these banks.
If you are comfortable using an online-only bank, or are really interested in investing, then you should look into an account that meets those conditions. Make sure to read the fine print of any accounts you’re considering so that you can understand the fees and other rules associated with the account.
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The Bottom Line
There is never a better time to use mobile banking. You’re using your smartphone today for just about everything, so it makes sense to manage finances with it, too.
The more you use your phone to manage money, the more money you will have. In addition, using your phone to manage money can give you greater control over your budget and allow you to make informed decisions about your spending habits. The days of visiting an ATM to view your account balance and make a purchase without knowing if you have enough money in your account are over. Many banks offer customers the ability to check their account balance online and set up alert when their balance drops too low.
The more you incorporate money management into your daily life, the better you will get at it. Online banking apps can be used to make this happen. You will have the money mindset in no time at all. You can start to make decisions that will help you reach your financial goals once you have the money mindset.
What mobile banking app will you use? It can be difficult to decide which one is best for you.
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