Mobile Money Apps-What You Need to Know | Guiding You Forward
As our loyal followers already know, the Mountain America Credit Union podcast lounge is a space where we discuss all things financial and money related. We aim to tackle the topics and questions that are most interesting to you.
This time, we’re talking with Kelly Albiston, senior vice president and chief technology officer at Mountain America. The holidays will soon be upon us and that means there will be more money flowing through our accounts. Between the gifts, eating out and all the fun things to do throughout the season, your wallet can get a real workout!
Tune in to this episode of the Guiding You Forward video podcast to learn:
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How to decide whether or not to use a specific financial app.
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Why you should read the terms of service on those apps sometimes.
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How your financial institution’s mobile app can save you money.
There are so many financial apps available—how do you know which ones to use? To keep your money safe and personal information private, do a little bit of homework before you add a financial app to your home screen. While you want to have access to your information and use it when you want, there are some apps that don’t offer the necessary security. Kelly talks about how to navigate that and find what works for you.
That being said, it’s important when you’re sharing information with a company that you understand what they’re doing with it. Here are two essential tips:
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Read the terms of service—Although time-consuming, this is a great way to know who and how your information will be accessed by a particular company. It’s not necessary every time, but there are instances when it can be helpful. Find out what Kelly recommends.
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Set up alerts—The benefits of a mobile banking app has grown in leaps and bounds. It’s not just for keeping track of your balance—it can help you save money, too. Luckily, Kelly lists several ways that setting up alerts can help you spend less.
Check out our video above to get the most from financial and money management apps.
