5 Key Benefits of Mobile Banking in 2022

5 key benefits of mobile banking in 2022

Source: Adapted from bankrate.com

1. Accessing the bank 24/7. 

Unlike a bank branch, mobile banking conveniently gives you access to your account anytime you like — with some exceptions, such as planned maintenance updates and unexpected outages.

This ease of accessibility saves you time. Mobile check deposit, for example, a feature most banking apps offer, allows you to deposit a check on the go or from the comfort of your couch.

Mobile banking can also help alleviate pandemic-related health worries and other concerns consumers may have regarding banking in person.

2. Paying IOUs

When you are logged into your mobile banking app, it’s easy to pay back someone you know.

Banks across the country partner with Zelle so that you can send someone money in minutes through the bank’s mobile app rather than paying people with cash or a check.

You only need to know recipients’ email addresses or phone numbers to send them money. If your bank doesn’t offer Zelle, it usually lets you transfer funds to someone else’s bank account if you know their routing and account numbers.

3. Strengthening security. 

Banks are in the business of guarding your assets — including transactions made using their mobile apps. Though nothing is foolproof, there are ways you can step up security precautions if you’re concerned about mobile banking security.

Financial institutions often require a username and password to sign into a mobile app and offer additional safety features to further safeguard your account. Multi-factor authentication, for example, requires at least two kinds of verification to prove that it’s really you. The first are the account credentials (your username and password) followed by a text with numeric code sent to your phone that needs to be submitted to gain access to the account.

Further, some mobile devices — and some bank apps — let you log in by scanning your face or fingerprint as yet another way to protect your digital bank account without trading convenience. “In mobile banking, you can really leverage biometrics for authentication,” ABA’s Morgan says.

The security features also allow you to lock or remotely disable your smartphone, should it go missing, to keep fraudsters out.

Your bank app may also let you share your location to help you spot payment fraud.

“It can be better for security for the consumer because we are getting to the world where we can do things like, ‘We know where your phone is and if your card is a long way from your phone, it might not be you,’” HM Bradley’s Bruhnke says. “There are a lot of interesting security controls that can come out of actually having the app installed.”

4. Providing added controls. 

Think of a mobile banking app as a remote control for your money. The app lets you deposit a check and send someone money whenever you wish.

These controls are getting more advanced. Some bank apps let you activate a new credit or debit card, for example.

“If someone tries to use their card that is not activated, a bank for years would just decline the card. That’s the default,” Bruhnke says. “Now if you have the mobile app, you can get a push notification of, ‘Hey, your card hasn’t been activated. Do you want to activate that?’”

It’s not the only way banks let you control your cards. A growing number of banks let you use their mobile apps to turn your debit or credit card off if it goes missing or is stolen. It’s a nice feature to help you feel instantly secure in a moment of panic. Calling a toll-free number is not required if you want to turn your card back on, either.

5. Offering clarity about where your financial data is going. 

Many consumers share bank data to use services like Venmo and Mint. Depending on how many outside apps you use, it can be quite taxing to remember which company has what bank data. So a number of banks are trying to help customers understand where it’s going by changing the way data is shared behind the scenes.

“We are seeing a lot more banks offer that functionality that gives consumers proactive control over where their data is going,” ABA’s Morgan says. “It’s not just the added security … But it’s also the importance of transparency so you see where your data is going, how it is being used and [controlled], the ability to turn off this thing when you are no longer using the service.”



May 23, 2022

Contact: Ann Barilleaux, JD Bank
(337) 656-7326


Jennings, LA – JD Bank is pleased to welcome Tyler Richard to our Commercial Lending Team. Richard will serve as AVP Commercial Lender in our Lake Charles market and work with customers throughout SWLA to help them meet their financial goals through the financing of commercial projects including real estate, equipment, operating lines of credit, and many other business needs. His office is located at our Nelson Road Branch, 4400 Nelson Road in Lake Charles. “JD Bank has a talented lending team and Tyler is the perfect addition to our growing organization,” said Jimmy LeBlanc, EVP Chief Commercial Banking Officer. 

Born and raised in Moss Bluff, Richard is a graduate of Sam Houston High School and SOWELA Technical Community College. He began his banking career in 2017 as a Commercial Relationship Manager with Iberia Bank. “My goal is to partner with businesses and assist them in achieveing long-term success,” said Richard.

Active in the community, Richard is a board member for the Literacy Council of SWLA and a member of the Greater Lake Charles Rotary Club. He is a 2020 graduate of Leadership Southwest, an annual development program of the SWLA Economic Development Alliance designed to prepare emerging civic leaders.

About JD Bank

Founded in 1947, JD Bank, Louisiana’s Community Bank, offers a variety of personal and commercial lending and deposit products through both physical and digital delivery channels. JD Bank also offers both trust and investment services. JD Bank operates through 21 full service branch offices located along the Interstate 10 corridor from Lake Charles to Lafayette, Louisiana. For more information, visit www.jdbank.com or call 800-789-5159. Member FDIC. Equal Housing Lender