Man, who can’t appreciate the wonders of technology? Its integration into everyday life has afforded people modern conveniences that were once unimaginable. Technologies such as the internet have removed geographical barriers and made everything from entertainment and communication to goods and services easily accessible. Essentially, all you need is an internet-capable device and a solid connection, and it would seem that anything is possible.
Technology in Banking
Naturally, the many advantages and uses of modern technology make their way into the world of banking. Financial institutions have adopted platforms, strategies, and services with the primary goal of providing their customers with convenient ways to manage money, reach goals, and achieve optimal financial health.
ONE Offers Tech Solutions
As the needs of consumers continue to evolve, banks like ONE step up to the plate offering comprehensive solutions such as those listed below.
User-Friendly Banking Platforms
ONE account holders have immediate access to secure, user-friendly banking platforms where they can review detailed information about their financial accounts. Customers can create an online account to check account balances, transfer funds, create sub-accounts, track savings goals, share with others, and access other financial management tools and services.
Mobile Banking Services
Today’s consumers are always on the go and, therefore, heavily dependent on their smartphones and mobile devices to complete everyday tasks. ONE offers mobile banking solutions that enable customers to bank no matter where they are. Whether transferring money to savings or depositing a check, account holders can complete these transactions day or night.
More than depositing funds, paying bills, and managing business transactions, ONE offers its customers tech solutions for better financial management. Pockets are best described as sub-accounts that customers can create, categorize, and divide their money into, which many customers use for more efficient budgeting. Each pay cycle, they can allot money for gas, groceries, utilities, savings, and discretionary spending to ensure they remain on target with reaching goals.
Lines Of Credit
When managed effectively, borrowing funds can actually work to improve your finances and credit status. ONE realizes the significance of this for its customers and extends its services to providing lines of credit for eligible account holders.
Customers can apply with the click of a button and not worry about any surprise fees. Simply agree to the low 12% APR (cheaper than most short-term loans, lines of credit, and credit cards) and gain access to extra cash when you need it most. The best part is that the line of credit can be accessed, managed, and used virtually anywhere by simply accessing your online account.
ONE didn’t stop at offering lines of credit to eligible customers; the financial institution also wanted to assist consumers with less-than-stellar credit. That’s where credit builder options come into play. ONE customers could use everyday transactions to boost their credit scores over time. Accountholders could deposit funds into a credit builder and use it to pay for everyday goods and services. ONE holds the funds and submits it as a monthly payment which gets reported to the three major credit bureaus, creating a positive payment history.
Household dynamics have changed over time. In the beginning, a married couple might share a joint bank account to manage bills and build savings. These days, it could be a boyfriend and girlfriend, roommates, or even an elderly parent and adult child that collaborate on household finances.
ONE recognizes this and accommodates its target audience by offering shared accounts where individuals can share their financial details with spouses, children, roommates, or whomever they wish. The customer and individuals they share the account with can both add funds, review the balance, and spend money instantly.
Technology is everywhere. It’s directly or indirectly involved in everything we do. Ultimately, it only makes sense that technology would also be integrated into the US banking system. As consumers have grown accustomed to accessing virtually anything online, people look to have a bank to accommodate their needs. Although there are plenty of banks out there, ONE stands out as an institution that can keep up with the growing demands of the tech-savvy consumer.