10 Banking Moves That Are Better To Do Online

In today’s fast-paced, tech-savvy world, managing your money from your phone or laptop isn’t just convenient; it’s smart. From automating bill payments to disputing shady charges, digital tools now offer more control, security and flexibility than ever before.

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Whether you’re looking to streamline your finances, boost your savings or simply avoid the hassle of in-person visits, these 10 banking moves are better done online, and you don’t even have to change out of your pajamas to do them.

1. Set Up Automatic Bill Pay

Automatic bill pay can lower your stress and reduce the risk of late fees. It’s easier to set up online through your bank’s app or website — set it and forget it. That peace of mind nearly pays for itself.

2. Create Custom Alerts

Want to keep tabs on your cash without obsessively refreshing your bank app? Try setting up specific alerts for free to better track your spending and bank activity. You can easily set them up to notify you about low balances, large withdrawals or when your paycheck hits. The convenience makes this online banking hack a pro money move.

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3. Transfer Money Between Accounts

Need to shuffle some funds around? Don’t waste time standing in line like it’s 1999 and embrace the digital age instead. Online transfers are instant, easy and can be done 24/7. Plus, you can set them up to be recurring transfers as a way to automate your savings. It’s like putting your money management on autopilot.

4. Open New Accounts

Thinking about expanding your financial portfolio like a real financial go-getter? If so, do it online, as most banks offer better rates for online-only accounts. In fact, online banks in general tend to have better rates, APYs and fees since they don’t have to deal with the overhead and costs of a brick-and-mortar bank.

If you are curious to see how banking online can optimize your checking and savings accounts, you can compare options and read all the fine print without having to leave your couch.

5. Update Your Personal Information

Got a new phone number or moved to a new apartment? Update your personal information online. It’s quick and easy to do so, and you can do it anytime. You can also double-check that your account is safe by updating to a strong password or enabling two-factor authentication.

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6. Apply For Loans

Need some extra cash? Online is the way to go. Applying for loans this way often means faster approval times and potentially better rates. Plus, you can upload documents directly instead of making multiple trips to the bank.

7. Deposit Checks

Still driving to the bank to deposit checks? Step into the now with mobile deposits. Your phone can essentially become a mini bank branch in your pocket. Just snap a photo of your check, both front and back, and watch your money blink into your account, usually faster than if you’d gone to the bank in person.

8. Review and Download Statements

Need to check your spending habits or gather docs for the taxman? Online statements can be a time and a lifesaver. They’re searchable, printable and you can access them anytime, which means no more waiting for snail mail or digging through piles of paper buried in a filing cabinet.

9. Dispute Transactions

Spot a charge that’s shadier than a palm tree? Worry not as most banks have an online dispute process that’s faster and more efficient than coming in person. Better yet, you can upload any supporting documents right then and there, fighting the fraud immediately.

10. Set Travel Notifications

Planning a getaway? Online banking lets you set your travel notifications before you go to ensure your cards won’t get frozen when you’re trying to buy that perfect souvenir. Because nothing kills a vacation buzz faster than a declined card.

Laura Beck contributed to the reporting for this article.

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