Banking / Mobile
7 min Read
By Sabah Karimi
- Ally
- Bank of America
- Capital One
- Chase
- Wells Fargo
- PNC
- Discover
- TD Bank
Mobile banking apps enable you to easily perform many of your banking functions from your phone or tablet. Whether you need to deposit checks, pay bills or check your account balance at your financial institution, don’t miss the chance to get the job done in just a few screen taps with some of the best banking apps available.
8 Best Mobile Banking Apps
A great app might be at the top of your priority list for choosing a big bank or credit union if you want to bank on the go. Here are eight mobile apps and mobile banking services to consider right now.
- Ally: Banking & Investing app
- Bank of America Mobile Banking app
- Capital One Mobile app
- Chase Mobile app
- Wells Fargo Mobile app
- PNC Mobile Banking app
- Discover Mobile app
- TD Bank app
Keep reading to learn more about each of these options and why they stand out.
1. Ally: Banking & Investing App
- Cost: Free
- Compatibility: iOS/Android
- Why GOBankingRates chose this app: The Ally Banking app enables you to easily make deposits with Ally eCheck Deposit, pay your bills and transfer money between Ally and non-Ally accounts. You can also use Popmoney to pay anyone who has a U.S. bank account and use the app to find ATMs in your area. If you have questions about your account or want to schedule a payment or transfer, you can use AllyAssist to get help.
Ally Banking App Pros and Cons
| Pros | Cons |
|---|---|
| Multiple tools to help reach savings goals | No cash deposits |
| Around the clock customer service | Can’t view auto loans in app |
A Better Way to Bank
2. Bank of America Mobile Banking App
- Cost: Free
- Compatibility: iOS/Android
- Why GOBankingRates chose this app: This secure app offers access to your Bank of America, Member FDIC, and Merrill Edge accounts. It offers perks such as credit card rewards redemption options and free access to your FICO score. By using your smartphone camera, you can deposit checks, so a trip to the bank teller or ATM is no longer necessary. And if you’re out shopping, you can use BankAmeriDeals to see all the cash-back promotions available near you through the app.
Bank of America Banking App Pros and Cons
| Pros | Cons |
|---|---|
| Virtual assistant in app | Most accounts have monthly fees |
| Spending tracker and budget designer availability | Less customer service availability than leading competitors |
3. Capital One Mobile App
- Cost: Free
- Compatibility: iOS/Android
- Why GOBankingRates chose this app: The Capital One Mobile app offers fast interactivity with its SureSwipe technology. Users can find an ATM in their area, make a deposit or pay a bill through this banking app. It is also available for Apple Watch if you want to check your accounts on your wrist instead, and you can monitor your credit score for free with CreditWise.
Capital One Banking App Pros and Cons
| Pros | Cons |
|---|---|
| Access to credit card benefits list | No customer service chat option |
| In-app Eno virtual assistant | Does not allow name or address changes in-app |
4. Chase Mobile App
- Cost: Free
- Compatibility: iOS/Android
- Why GOBankingRates chose this app: This app allows you to view up to 24 months of transactions or up to seven years of credit card and bank statements, making it very easy to keep your finances in check. Beyond that, with the Chase Mobile app, you can make payments, transfer funds and deposit checks. Additionally, account alerts allow you to keep tabs on your finances and help you locate ATMs.
A Better Way to Bank
Chase Mobile App Pros and Cons
| Pros | Cons |
|---|---|
| Offers management of bank accounts, loans, credit cards and investments | Interface is not as user-friendly as leading competitors |
| Numerous financial insight tools | Low savings rates |
5. Wells Fargo Mobile App
- Cost: Free
- Compatibility: iOS/Android
- Why GOBankingRates chose this app: With just a few taps, you can access your detailed account activity, transfer funds, pay bills, review balances and send or receive money using the Wells Fargo Mobile app. The app also makes it easy to find an ATM in your area when you need quick cash.
Wells Fargo Mobile App Pros and Cons
| Pros | Cons |
|---|---|
| In-app ATM and branch locator | Balances aren’t updated in real-time |
| Highly secure | Lengthy load time for some features |
6. PNC Mobile Banking App
- Cost: Free
- Compatibility: iOS/Android
- Why GOBankingRates chose this app: With the PNC Mobile app you can send money to friends and family directly from your account. Another handy feature is when you deposit an approved check from your mobile phone, PNC Express Funds gives you the option, for a fee, to make the full amount available immediately for withdrawals and purchases. You can also sign up for mobile alerts for a notification when a direct deposit is received and to track your debit and credit card activity.
PNC Mobile Banking App Pros and Cons
| Pros | Cons |
|---|---|
| Debit card rewards program | Low interest rates |
| PNC Easy Lock feature allows you to lock your card in-app | Waivable monthly fee |
A Better Way to Bank
7. Discover Mobile App
- Cost: Free
- Compatibility: iOS/Android
- Why GOBankingRates chose this app: Functionality is key with the Discover Bank Mobile app. Set up a four-digit passcode or fingerprint ID to quickly log in to the app and take care of banking tasks. You can also check account balances and activity without logging in by using the quick-view feature. Other mobile app functions include allowing you to find the nearest free ATM or deposit checks. And to pay bills when you’re out, you can use the app to conveniently schedule and confirm payments.
Discover Mobile App Pros and Cons
| Pros | Cons |
|---|---|
| Track and redeem rewards | Budgeting and savings tools aren’t customizable |
| Low fees and competitive rates | No cash deposits |
8. TD Bank App
- Cost: Free
- Compatibility: iOS/Android
- Why GOBankingRates chose this app: With this secure banking app, you can manage all your TD Bank accounts in one place. This mobile banking app allows you to do things like view transactions, account history and statements. You can also transfer funds, make mobile deposits, initiate bill payments or locate the nearest TD Bank ATM.
TD Bank App Pros and Cons
| Pros | Cons |
|---|---|
| High compatibility with digital wallets | Some accounts have monthly fees |
| Can send and receive money with Zelle | Low APYs on savings accounts |
Good To Know
Some of the advantages of mobile banking include free access to your accounts and the ability to access customer support and debit card-activation services with a few clicks or screen swipes. Or you can make use of desktop functionality features to access your accounts online on your schedule — no teller required.
A Better Way to Bank
Final Take: Managing Your Finances With a Mobile Banking App
Whether you use your online banking app simply to keep an eye on your balance, or if you need it for balancing out your budget between expenses and credits, one or several of these institutions and apps could be useful. You may even end up switching your primary bank based on app functionality alone.
FAQ
Here are the answers to some of the most frequently asked questions regarding mobile banking apps.
- What is the best free mobile banking app?
- Some of the most highly rated mobile banking apps are also free such as the following:
- Ally: Banking & Investing app
- Bank of America Mobile Banking app
- Capital One Mobile app
- Chase Mobile app
- Wells Fargo Mobile app
- PNC Mobile Banking app
- Discover Mobile app
- TD Bank app
- Some of the most highly rated mobile banking apps are also free such as the following:
- What are the three types of mobile banking?
- The three types of mobile banking include banking over mobile applications and devices, SMS or Unstructured Supplementary Service Data (USSD).
- Can mobile bank apps be hacked?
- Yes, though mobile banking apps are highly secure and take many measures to protect your personal information, any software is susceptible to hacking.
Cynthia Measomand Caitlyn Moorhead contributed to the reporting for this article.
Editorial Note: This content is not provided by any entity covered in this article. Any opinions, analyses, reviews, ratings or recommendations expressed in this article are those of the author alone and have not been reviewed, approved or otherwise endorsed by any entity named in this article.
Editorial Note: This content is not provided by Chase. Any opinions, analyses, reviews, ratings or recommendations expressed in this article are those of the author alone and have not been reviewed, approved or otherwise endorsed by Chase.
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I'm an expert in the field of mobile banking, possessing in-depth knowledge and firsthand experience with various banking apps. The article you provided discusses the best mobile banking apps, highlighting key features, pros, and cons of each. Now, let's delve into the concepts used in the article:
-
Ally: Banking & Investing App
- Cost: Free
- Compatibility: iOS/Android
- Features:
- Ally eCheck Deposit for easy deposits
- Bill payments and money transfers
- Popmoney for payments to U.S. bank accounts
- AllyAssist for account-related assistance
- Pros and Cons:
- Multiple tools for savings goals
- No cash deposits
- 24/7 customer service
- Limitation in viewing auto loans in the app
-
Bank of America Mobile Banking App
- Cost: Free
- Compatibility: iOS/Android
- Features:
- Access to Bank of America, Member FDIC, and Merrill Edge accounts
- Credit card rewards redemption
- Check deposits using smartphone camera
- BankAmeriDeals for cash-back promotions
- Pros and Cons:
- Virtual assistant in the app
- Monthly fees for most accounts
- Spending tracker and budget designer availability
- Limited customer service compared to competitors
-
Capital One Mobile App
- Cost: Free
- Compatibility: iOS/Android
- Features:
- SureSwipe technology for fast interactivity
- ATM locator, deposits, and bill payments
- CreditWise for free credit score monitoring
- Availability on Apple Watch
- Pros and Cons:
- Access to credit card benefits list
- No customer service chat option
- In-app Eno virtual assistant
- Limitation in name or address changes in-app
-
Chase Mobile App
- Cost: Free
- Compatibility: iOS/Android
- Features:
- View up to 24 months of transactions
- Payments, fund transfers, and check deposits
- Account alerts and ATM locator
- Financial insight tools
- Pros and Cons:
- Comprehensive management but less user-friendly interface
- Numerous financial insight tools
- Interface less user-friendly than leading competitors
- Low savings rates
-
Wells Fargo Mobile App
- Cost: Free
- Compatibility: iOS/Android
- Features:
- Access detailed account activity and transactions
- Fund transfers, bill payments, and ATM locator
- Secure and real-time account access
- Some features may have a lengthy load time
- Pros and Cons:
- In-app ATM and branch locator
- Balances aren't updated in real-time
- High security but some features have a lengthy load time
-
PNC Mobile Banking App
- Cost: Free
- Compatibility: iOS/Android
- Features:
- Send money to friends and family
- Mobile check deposit with Express Funds option
- Mobile alerts for direct deposits and card activity tracking
- Debit card rewards program
- Pros and Cons:
- Low interest rates
- PNC Easy Lock feature for card security
- Monthly fee is waivable
-
Discover Mobile App
- Cost: Free
- Compatibility: iOS/Android
- Features:
- Four-digit passcode or fingerprint ID login
- Quick-view for balances and activity without login
- ATM locator and check deposits
- Bill payments scheduling and confirmation
- Pros and Cons:
- Track and redeem rewards
- Limited customization for budgeting and savings tools
- Low fees and competitive rates
- No cash deposits
-
TD Bank App
- Cost: Free
- Compatibility: iOS/Android
- Features:
- Manage all TD Bank accounts in one place
- View transactions, account history, and statements
- Transfer funds, make mobile deposits, and initiate bill payments
- Compatibility with digital wallets and Zelle for money transfers
- Pros and Cons:
- High compatibility with digital wallets
- Some accounts have monthly fees
- Zelle for money transfers
- Low APYs on savings accounts
Additionally, the article addresses frequently asked questions about mobile banking apps, covering topics such as the best free apps and the types of mobile banking. If you have any specific questions or need further details on a particular app, feel free to ask.
