Online & Mobile Banking

In today’s world, you do not have to stand in line at your physical bank to deposit or transfer funds, thanks to online and mobile banking. You can access any banking services you need using a smartphone or computer in the comfort of your home or office.

This has made banking easier and more convenient. However, it doesn’t come without its own demerits. Join us as we explore the pros and cons of online banking and how Emery Federal Credit Union can help you stay on top of your finances.

Why is Banking Online Convenient?

Why is Banking Online Convenient?

If you are contemplating switching from traditional to online banking, here are a number of things you will enjoy.

Check balances

Online banking lets you easily check your account balances without visiting a physical bank branch. Using a smartphone or computer, you can view your balance, transaction history, and pending transactions in real-time.

Automatically pay bills

Online and mobile banking allow you to set up automatic bill payments, which saves you time and ensures that your bills are paid on time. Automatic bill pay can be used for recurring bills like utilities, rent, and mortgage payments. It’s easy to set up, and you can cancel or change automatic payments at any time. By using online and mobile banking, you can manage your bills efficiently, avoid late fees, and maintain a good credit score.

Transfer funds

With online and mobile banking, transferring funds between your accounts and other people’s bank accounts is quick and easy. You can move money between your checking and savings accounts without visiting a physical branch. You can also use third-party services to send money to friends and family members almost instantly. The ability to transfer funds quickly and conveniently is a significant advantage of online and mobile banking.

24/7 access

With online banking, you can access your account at any time. This means you can handle your finances on your own schedule without worrying about bank hours.

Downloadable and printable statements

Online banking also allows you to download and print your account statements, which can be useful for budgeting or tax purposes.

Lower overhead fees

Mobile banking lowers overhead fees for clients by eliminating the need for many costly services associated with traditional financial institutions. For example, customers can avoid the costs associated with physical check-writing and bill-paying, as these transactions can be completed online at no additional charge.

What Are the Disadvantages of Online Banking?

What Are the Disadvantages of Online Banking?

Conversely, online banking also has its drawbacks, including:

Difficult to deposit cash
It may prove challenging to deposit cash in some online banks due to the absence of physical locations to receive the money. One might need to deposit the cash at a nearby bank and make a wireless transfer or incur extra expenses by purchasing a money order or making an in-person deposit with a partnering financial institution.

Technology disruption

Technical issues can lead to system outages, making accessing your account difficult. For instance, if your internet is disrupted or you have a power outage, it will be impossible to access your account. This can be a major inconvenience if you need to make an urgent transaction.

No personal relationship with the bank

Having a personal banking relationship can provide advantages over online banking, especially for larger needs such as business loans and customized accounts. Additionally, in-person banking can help avoid extended holds on money and keep track of important transaction details.

Limited services

Online and mobile banking have some limitations when it comes to certain transactions and services. For example, some transactions may require additional security measures or physical verification, such as cashier’s checks or wire transfers. There may also be limits on the amount of money that can be transferred or deposited through these platforms. It’s important to be aware of these limitations and to contact Emery Federal Credit Union if you have any questions or concerns.

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With our online banking, you can:

  • View current account balances
  • Pay your bills from home
  • Open a new account
  • Apply for a loan
  • Transfer funds
  • Set up notifications

LOG IN TO ONLINE BANKING

Our mobile app can do all that PLUS:

  • Deposit checks with mobile deposit
  • Find the nearest ATM or shared branch locations

Mobile Pay

Mobile Pay is a fast, simple and secure way to pay for goods and services with your smartphone or mobile device, and you can use your Emery credit card and/or debit card to make purchases on the go without carrying the cards with you.

When paying for your purchase, you display the app and hold your phone up to the card terminal. A “token” or one-time identifying number is used, so your actual information is not shared when you shop, giving you extra security.

Emery CardNav

 

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Get real-time access to your credit and debit cards with Emery CardNav.

Emery CardNav gives you the power to decide how and when your cards can be used, in addition to how and when to alert you.

You can:

  • Turn your card on or off when it’s lost or not in use
  • Enable your location to restrict transactions to certain geographic areas
  • Create custom alerts or restrictions based on merchant type, transaction amount, etc.
  • Receive real-time alerts to stop unauthorized purchases before they’re complete
  • Make spending limits for yourself to help you with personal finance goals

Online Bill Pay

Online Bill Pay

Take advantage of our free online bill pay service and pay your bills without the hassle of writing paper checks or having to remember usernames and passwords to merchant sites. Our online bill pay service saves you time and money, plus it’s secure! Avoid merchant fees by setting them up as payees in our online bill pay service.

Online Bill Pay Features:

  • Pay your bills from one website
  • Schedule single, recurring or future-dated payments
  • Never forget to pay a bill
  • Track payment status and history
  • Make same or next-day payments

LOG IN NOW TO SET UP YOUR BILL PAY

Mobile Check Deposit

Mobile Check Deposit

After your checking account has been open for 30 days, you can apply for mobile check deposit via our mobile app. Simply open the menu in our mobile app, then click Deposit > Mobile Deposit. Clicking Mobile Deposit will automatically submit your application in our system, no need to fill anything out!

Once approved, you can deposit a check by going to Deposit > Mobile Deposit again.

To deposit, write “For Mobile Deposit Only at Emery FCU” and sign underneath. Any check under our $2,000 limit is eligible for remote deposit. You will get an email confirmation when the check has been approved and deposited.

Making your Life Easier with Emery FCU's Online and Mobile Banking Services

Emery Federal Credit Union’s online and mobile banking services allow members to manage their finances on the go. With features like mobile check deposit, bill pay, and account transfers, you can easily access and control your accounts from anywhere at any time. Our user-friendly interface and secure authentication methods ensure members can easily manage their finances.

If you’re an Emery Federal Credit Union member, we encourage you to use our online and mobile banking services. If you’re not a member yet, we invite you to join our credit union and experience the benefits of convenient banking.

Contact us today to learn more about our online banking services.

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