Planning to do your banking online and by phone? These tips are for you:
Make deposits by smartphone. Use a banking app to deposit a paper check with your smartphone. Sign the check and use your phone’s camera to take a picture of the front and back of the check. The banking app will send the photos to your bank, where they’re processed electronically. Pay attention to daily and monthly deposit limits that your bank may impose.
Withdraw cash at ATMs. To get cash, visit an ATM near campus or where you live and make a withdrawal using your ATM card. Always check your balance before you withdraw cash to avoid overdraft fees. If you very recently made a deposit, wait until that deposited money is shown as “available” in your bank account before spending it.
Go paperless. Sign up for online account statements and pay your bills online. Choose direct deposit for financial aid checks and paychecks, and the money will be deposited directly into your checking account.
Monitor spending. Review your online transactions and be aware of your account balance at all times. Need a reminder? Check to see if your bank will send you balance information by email or text message.
Balance your account each month. Verify each transaction on your online statement and review your spending line by line. Chat with an online rep any time you have questions or need help balancing your account.
Report suspicious activity. See an online transaction that you don’t recognize? Contact your bank’s fraud department immediately.
Information Provided By: Cash Course