The major banks and brokerage firms are making mobile banking and trading easier than ever with apps on the iPhone, iPad and Android platforms. This way, you can be in control of your money even when you leave the bank’s branch or are not by your computer. From checking account balances to cautiously monitoring your 401(k) returns, we uncover the benefits of the major banking and stock apps…and they’re all free.
1. Bank of America – Mobile Banking
Do you bank with Bank of America? If so, this app is a must. Available on the iPhone, iPad devices, the app allows users to check account balances, pay bills, transfer money between accounts and even find the nearest branch location (especially useful when its raining and you don’t have an umbrella!) The best part? All of your information is protected when using the app.
2. Wells Fargo Mobile
Accessing your Wells Fargo accounts on the bank’s iPhone, iPad and Android devices is also totally safe, thanks to the app’s 128-bit Secured Socket Layer, which makes it even more difficult for hackers to take control of your accounts. Additionally, for Wells Fargo customers, finding the closest branch, transferring money and managing multiple accounts are the main features of this app.
3. Fidelity Investments
Trade stocks, exchange traded funds and mutual funds on your Fidelity account using the brokerage firm’s iPhone, iPad and Android app. Aside from making trades on the go, even if you don’t have an account with Fidelity, you can instantly access stock quotes, view charts, financial news and historical data, conveniently on your smartphone.
4. Chase Mobile
Switching back to basic mobile banking, the Chase app (available on the iPhone, iPad and Android) has all of the bells and whistles the other mobile banking apps have (checking balances and finding branch locations.) What makes the Chase app innovative is how users can deposit checks right from your device without stepping foot into a branch. Use the app to take a picture of the back and front of the check, enter in your account number and watch the money be added to your account. Because no one wants to wait on long lines at the branch!
5. Scottrade Mobile
Scottrade’s iPhone, iPad and Android app is replete with stock charts, stock quotes, markets news and analyst ratings, to name a few features. The app even lets you make trades, assuming you’re all setup with a Scottrade account.
6. Citi Mobile
While the Citi app lets users deposit checks, the process isn’t as easy as using Chase’s app, as users have complained of a multi-step and robust verification process.
Nonetheless, for Citi credit card customers, you can use the app to track rewards points and view your credit limit – a helpful feature since charging up more than your available credit limit will hurt your credit score. And yes, the app is on the iPhone, iPad and Android.
7. E*TRADE Mobile Pro
The E*TRADE app lets users trade stocks and even options, conveniently on an iPhone, iPad or Android. Replete with real time quotes, detailed stock charts and the ability to transfer money to your account from any institution, this is a must-have app for traders.
And no personal info is kept on the app – so it’s safe and secure.
8. Schwab Mobile
What sets this app apart is the ability to research various stocks and exchange traded funds before making a decision on where to direct your money.
9. TD Ameritrade Mobile Trader
In addition to the app’s interactive markets calendar, users have access to live streaming market news updates.
If you’re a Vanguard client or are apart of a Vanguard-affiliated retirement plan from your employer, this app lets you see all of the ins and outs of your 401(k) or 403(b). So if the market tanks, you can easily track your retirement account’s losses.