Banking Applications Helping You Save Money

Author: Dan H

With technology advancing around us constantly we will find ourselves with different ways to do tasks much easier.

In terms of banking, we have only begun to touch the surface of online banking; we have begun to move onto our mobile phones to satisfy certain banking needs as well.

The phones I am talking about in particular are iPhones and Blackberries.

I will begin to talk about different apps you can get on your phone that will be able to help you save time whether you are looking for a bank branch, or whether you have to check your balance in your account.

To start things off, let us look at what the Canadian Imperial Bank of Commerce (CIBC) recently sent out to the market. CIBC recently released their very own CIBC app for the iPhone and iTouch, which allows user to login to their accounts and do simple transactions, check account balances, etc. This app is really great, and it is a must have for CIBC owners who have an iPhone or iTouch (more information can be found here).

Scotiabank was the first bank to release a Scotiabank application for both the iPhone and Blackberry which allows users to find the nearest Scotiabank branch and receive text alerts to keep the user up to date on their account balances, transactions, account limits, account activity and security related activities; this is called Scotia InfoAlerts. (More information ca be found here).

Now the Scotiabank app is great, but over the year there have been apps for the iPhone which already allowed you do search for the nearest bank branch. Majestic Media released 4 free banking apps which did the same thing. The banks that are covered are Toronto Dominion Bank (TD), Bank of Montreal (BMO), Royal Bank of Canada (RBC), and Scotiabank. These apps are extremely useful when you are looking to save money on bank fees, and you should definitely have the respective one that applies to who you bank with (more information can be found by clicking the respecitive linkg for the TD Finder, BMO Finder, RBC Finder and Scotia Finder).

The last iPhone app I will talk about today is MasterCard’s ATM Hunter. ATM Hunter will find you an ATM despite what bank it belongs do, it will tell you which bank it belongs to or if it is just a normal ATM. It does the job of finding you a place to withdraw money, despite any costs you may incur. If you look carefully, you will be able to save money using this app. (More information on MasterCard’s ATM Hunter can be found here) 

Today I have strictly talked about free banking applications, however I will begin to get into more detail on ones that you can pay for that are worth the money in the weeks to come.