While we believe there will always be a need for traditional, in-person banking, technology has transformed the way we manage our finances. Digital banking has made banking faster, more convenient, and more accessible than ever before. With online banking, you can bank 24/7—even on holidays. As online banking continues to transform money management, we’re sharing the top 5 benefits of online banking for both our personal and business banking customers.
- Convenient access
There’s no doubt that digital banking is convenient. A 2023 American Bankers Association survey found that 48% of bank customers use apps on phones or other mobile devices, followed by 23% using online banking via laptop or PC. With online banking, such as the Stellar Bank Mobile App, customers can access their accounts, make deposits, pay bills, transfer funds, track account activity, and more—any time, with just a few taps. - Fast transactions
Digital banking enhances the speed and efficiency of financial transactions. With online banking, you can perform tasks almost instantly. Now, many tasks, such as money transfers or check deposits, that used to take days can be completed in seconds. In addition, services like direct deposit and online bill pay eliminate physical paperwork, streamlining the entire banking process. - Enhanced security
Modern digital banking systems are equipped with a wide range of security features designed to protect sensitive customer information. Real-time fraud monitoring, biometric authentication (touch ID and face ID), encryption, and multifactor authentication help ensure that you are the only one who has access to your financial data. In addition, paperless statements reduce the risk of fraud or identify theft from lost or stolen mail.
Stellar Bank is committed to protecting your identity, information, and accounts—as well as arming you with the information you need to fight fraud. Read our Tips and Best Practices to Keep You and Your Money Safe and explore our Fraud Protection Solutions. - Automation
For small businesses in particular, the automation that comes with online banking reaps huge benefits. For example, with automatic payroll, online bill pay, and direct deposits, business owners can ensure employees and vendors are always paid on time. Online banking also provides a secure direct link to your QuickBooks® and Quicken® accounting platforms, improving the efficiency and accuracy of coding transactions. Additionally, Autobooks provides solutions for managing cash flow and sending invoices directly to customers, further streamlining financial operations. - Sustainability
Not only do eco-friendly digital statements provide an additional safeguard for your financial information, they contribute to greater environmental sustainability. By reducing paper statements, checks, and physical mail, online banking significantly reduces the carbon footprint of banking services.
Banking your way
Our responsive, relationship-based community banking paired with digital banking technologies helps ensure our services are more personalized, efficient, and secure than ever before. Learn more about Stellar Bank's online banking for businesses and personal online banking services so you can bank your way, anytime, anywhere.
