How Mobile Banking Can Help You and the Environment

Thanks to technology, it’s possible to stay on top of your banking anytime you want. Not only is this helpful for you, but it can also be helpful for the environment.

Mobile Banking and Your Finances

I love mobile banking because it provides me with a way to keep track of your finances all the time. Whenever you want an idea of where you stand, you can check your account for information. It’s possible to use mobile banking to transfer funds, and accomplish a number of other tasks.

Mobile banking provides you with a great deal of convenience and access. I especially like that many banks now allow for remote check deposit. All you have to do is take the appropriate images of your checks and send them along. It makes the whole process easier, since you don’t have to go into the bank in person. Just as long as you shred the check at home, you can manage all aspects of your finances remotely.

You can also catch problems sooner with mobile banking. From errors to fraudulent purchases, the ability to check your account can help you identify problems much sooner. Mobile banking provides you with greater convenience, as well as a greater amount of control over your bank account. You can be more informed, and you can take care of problems faster.

What About the Environment?

Mobile banking can also help the environment. I got to the brick and mortar version of my bank now that I have mobile banking and the ability to deposit checks remotely. As a result, I am using much less gas, and there are fewer pollutants in the air.

If you combine mobile banking with the ability to go paperless, then you can do even more to help the environment. If you opt to receive your statements electronically, it means fewer trees cut down, and fewer greenhouse gases in the environment.

Switching to mobile banking can also have effects if you encourage others not to use paper checks as part of the effort. There are a number of services, from PayPal to Popmoney to Google Wallet that allow you to send and receive money from others without the need for writing a check. You can reduce the paper in your life, and help the environment, when you cut back on the paper checks.

On a larger scale, mobile banking has the potential to make an even bigger impact. If more people adopt mobile banking, physical bank branches could be smaller, reducing their footprints. PayItGreen estimates that if 20 per cent of Americans switched to electronic bills, statements, and payments every year, the savings would be huge: 150 million pounds of paper and two million tons of greenhouse gases.

That’s a big deal, and illustrates the power of collective action. If you can go with mobile banking and paperless finances, and convince others to do so as well, there is a very real chance that, not only will you be doing your part, but you will be part of a larger effort as well.

What do you think? Do you like mobile banking?

2 comments to How Mobile Banking Can Help You and the Environment

  • I’ve been using mobile, internet banking for all of my business and personal accounts for years now.
    Saves on paper statements, having to drive to the bank etc.
    Very convenient – would never go back to old style traditional banking.

  • I love mobile banking and bill pay. I get frustrated when my bank insists upon sending me paper statements and the like. I especially hate all of the wasteful credit cards solicitations I get in the mail. How many times will it take for me not to sign up before AmEx gets the hint. But my favorite new feature has to be mobile checking deposit- saves so much time and effort by not having to go to the bank.

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