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The Advantages of Mobile Banking: Add More Payment Options, Get More Done


Smartphone technology has greatly simplified routine business activities using mobile banking – providing access to company accounts using a smartphone to connect with your commercial bank.

There are plenty of advantages for businesses of all sizes to use the mobile banking options offered by your business bank.

Deposit checks. This payment option is perfect for businesses that have employees on the road. Service technicians can snap a picture of a customer check for a same day deposit into your company account.

Making paper check deposits using mobile banking technology moves more money through the business and reduces the cost and delay of payment collection. Your business is paid when services or products are delivered, not net 30 days.

Conduct credit and debit card transactions. Both check deposits, and credit and debit card transactions, are called Remote Payment Capture or Remote Deposit Capture.

Payment, using a credit or debit card, simply requires a swipe and an electronic signature and, again, there’s no more waiting for deposits. Payment is moved, electronically, from the customer’s account to your company account faster.

View check images. With a click you can view images of paper checks that have been deposited and cleared to give you an accurate accounting of company balances.

You can set up your remote payment and deposit system to view paper checks deposited by the entire sales team, the service crew, or the managers manning the company booth at the trade show. With just a click, you get the complete picture of the checks that have been deposited and credited to your company account – anytime, anywhere.

Check account balances. Simply log on to your smartphone accounts dashboard for a “quick glance” view of all company account balances.

Need more detailed information? Virtually all company account information is stored securely by your commercial bank, available for your review on your schedule.

Another advantage of mobile banking is you can bank on your schedule, 24/7/365, using your mobile phone. Boost productivity and get more done when you have the time to access the company books via mobile banking.

Transaction reviews are also greatly simplified – an advantage when you’re out of the office. You can review deposits and payments that have cleared and those that are pending. Pay bills online from anywhere so your payments are always on time. Mobile banking simplifies company financials, whether making bill payments, or receiving payments from clients and customers.

Move money between accounts with mobile banking. You’re no longer tethered to a desktop computer. You don’t need to find a Wi-Fi hot spot for your laptop or tablet.

With your mobile phone, you can access all your accounts and transfer funds between them on your terms, keeping more cash in interest-bearing accounts until the last minute.

Make payments on time. Using the scheduled bill pay option, you can transfer company funds to the accounts of vendors and service providers, utility companies, the office rental company – move money out of your accounts on the dates you schedule.

Never miss a payment, never get hit with a late fee, and take greater control of company finances using mobile banking.

App banking makes mobile banking even simpler. Ask your bank rep how to download the bank’s application. A bank icon appears on your smartphone screen.

Tap it, enter your authorization code and PIN, and get some banking business done. A banking application (app) enables you to conduct all your mobile banking faster and simpler, while collecting or making payments from anywhere within your service region.

So, whether you’re a one-person sole proprietorship or a global enterprise, get your company’s banking mobilized and cut banking business down to size.

Business - Financial Planning

Ready to explore how Sunflower Bank can assist you? Speak to a personal banker at a branch near you, contact a specialist on our Wealth Management team, or find the right financial partner on our Commercial Banking team for your business needs. 

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This article contains general information only. Sunflower Bank is not, by means of this article, rendering accounting, financial, investment, legal, tax, or other professional advice or services. This article is not a substitute for such professional advice or services, before making any decisions related to these matters, you should consult a qualified professional advisor.