Technology continues to shape the landscape of just about every area of our lives and one of the areas where we experience the most technological adaptation is the world of finance. It continues to play an important role by bringing us more power and capabilities through new tools and platforms. These tools provide the capabilities to improve finances, set and achieve goals, and transact safer and easier.
Links:
Sign up for online banking and download Triangle's Mobile App to access digital ba...
Technology continues to shape the landscape of just about every area of our lives and one of the areas where we experience the most technological adaptation is the world of finance. It continues to play an important role by bringing us more power and capabilities through new tools and platforms. These tools provide the capabilities to improve finances, set and achieve goals, and transact safer and easier.
Links:
- Sign up for online banking and download Triangle's Mobile App to access digital banking services
- Check out our Goal Builder tool to set new savings goals
- Try out our Financial Wellness Assessment to see how your finances measure up
- Check out TCU University for more financial education tips and resources!
- Follow us on Facebook, Instagram and Twitter!
- Learn more about Triangle Credit Union
Transcript:
Welcome to Money Tip Tuesday from the Making Money Personal podcast.
Technology is a game changer for so many processes and platforms. When it comes to banking, you’ll gain access to a lot more valuable tools that can give you more power to achieve your financial goals. There are three top ways banking tech continues to improve our experiences.
1. It offers us more convenience
It makes deposits easier for more efficient management. Direct deposit eliminates check cashing by depositing your paycheck directly into a designated account. You can even have the check allocated across different accounts for easy, automatic management. Plus, if you do receive a paper check, remote check deposit eliminates the need to travel to a branch or ATM to deposit it. You can quickly deposit it at home with your mobile app or online banking.
Banking is now in the palm of your hand – and with you wherever you go because many of these everyday banking tools are right within a mobile app. If you want to check your accounts daily you can and whether you’re at the store, in the office or at home on the couch. Banking tech also provides more convenient payment processes through tools like your phone’s mobile wallet which keeps your card information protected behind layers of security both within the app as well as during the transaction process.
- It offers Heightened Security
Banking, with its expansion across technologies, has an increased focus on security, keeping your account information and finances safe from threats. Digital banking platforms incorporate biometrics and PIN codes to keep layers of security between your information and anyone collecting it. New digital tools like wallets and chip cards keep your card numbers out of the transaction and use tokens to give you a seamless payment experience without ever exchanging your sensitive banking info.
If you like to be kept in the loop about the status of your accounts or of any ongoing fraud trends going on it’s good to sign up for notifications so you can be ready before danger strikes.
- It Brings us Better Tools:
Banking tech has also provided more sophisticated tools for financial management and awareness. Financial management tools give you the capabilities to organize your cash flow systems by setting goals, paying down debt and building your net worth. You can use goal builder tools to automate savings into categories geared towards financial goals like a house downpayment, new car, or emergency fund. Like a digital envelope system. You can also access financial wellness tools that assess your financial health and detect areas of improvement. Then with this knowledge you can follow up with a financial professional to fix any areas of improvement.
Banking technology has come so far from the days with bank books and checks. Now with ease of use and accessibility, you have more control over your money now than ever before. Technology will continue to increase our banking experiences giving us more power to improve our financial situation.
If there are any other tips or topics, you’d like us to cover, let us know at tcupodcast@trianglecu.org. Like and follow our Making Money Personal FB and IG page and look for our sponsor, Triangle Credit Union on social media to share your thoughts.
Thanks for listening to today’s Money Tip Tuesday and check out our other tips and episodes on the Making Money Personal podcast.
