How to Take Advantage of Digital Banking
In a digital era, technology is constatly changing. It’s also changing the way we use services, for instance banking. Here are some tips and tricks on how to effectively use online banking to skip the line and save some time at your convenience.
Bill Payments
Bills… we all have to pay them! With digital banking it’s now easier than ever to do so. Simply set up your bill under the “bill profile tab” *using the company name and your account/invoice number. Once that is done, you are set to pay that bill whenever you want, anywhere you want.
Interact E-Transfers
This is a great and easy way to send money from one Canadian financial institution to another. Whether you’re paying or splitting a bill, paying back a friend or even rent, Interact e-transfers make it easy to send money to anyone with an email address. Sending funds is fast, convenient, and secure.
Mobile Cheque deposit
All you have to do is take a picture from the comfort of your own home at any time. After taking the picture you can see how much is available for immediate use before you complete the deposit. Here how:
- Step 1: Login to your mobile banking app and enter the amount
- Step 2: Take a photo of the front and back of the completed cheque
- Step 3: Check the details of your deposit and submit.
Track your spending
Ever feel like you don’t know where all your money is going? Same. I use TD MySpend app to automatically track transactions and categorizes them. You will receive instant notifications every time there’s a transaction, that way you can keep an eye on your spending and what category you’re spending most on. Additionally, with your spending history you can see exactly where your money went.
Statement Verification
It’s simple to verify all your account balances, deposits, and withdraws at your convenience. Moreover, you can transfer funds between your own accounts anytime, anywhere.
Manage Your Investments
Directly from your device you can manage your investments, set up recurring deposits, review your investment performance and more.
- Get investing ideas from research analysts, released throughout the day
- Build your own watchlists to follow stocks or indicies
- Create email alerts to be notified about positions you hold or follow
- Get actionable insights on market conditions and investing ideas from MoneyTalk videos
All in all, banking can be done easily and effectively from the tips of your fingers. It’s convenient to do your banking anywhere and everywhere at your comfort.
Thanks for reading!
Chelsea :)
