Anyone who needs a checking account has a large variety of options available to them. Some of these options offer a brick-and-mortar bank in town or nearby. Other bank options are online banks offering online and mobile banking. There are also many brick-and-mortar banks turning to an online or mobile banking option. The problem is, some people may feel nervous about this option due to the many myths and misconceptions that surround this banking style. Here are some of the truths about these myths to help ease your mind. 

No Deposits

One of the biggest myths surrounding the use of mobile or online banking deals with deposits. Many people are under the impression that you have to go to your bank location and deposit the check or payment directly. The truth is, with a mobile banking option, you can scan a copy of the payment and upload it to your account. It will be deposited once it is approved. If you have cash to deposit, you may be able to use a local ATM location to make your deposit or purchase a money order for mobile and online deposits. 

No ACH or Direct Deposit

If you receive direct deposit or ACH deposits for your job, then you know you have to have certain things to set it up. The misconception is that you will not be able to set up that direct deposit or ACH deposit with an online bank. The truth is, an online banking account or mobile account is attached directly to your checking account. When you set up a direct deposit it will go straight to your checking account. You can send money, make changes, or check your balance through your online or mobile login. 

No Security

A myth about online and mobile banking that does create some nervous reactions deals with security. Most people are concerned with making sure their accounts are in order and secure. They want to make sure that not only are passwords secure, but the online systems they use for their accounts are secure as well. This means having encryption and other security measures in place to prevent hacking of the account. Mobile and online banking accounts are covered by several layers of security and are just as secure as your traditional checking or savings account. 

If you are still considering online or mobile banking options, contact the bank of your choice. They can help you set up an account. They can also help you set up a mobile banking account if you already have a regular checking or savings account with the bank. Keep in mind, many mobile banking options use apps on a smartphone. You will need to make sure your phone is compatible with these apps before you set up your mobile account.  

To learn more about online banking, reach out to a service provider.