Most people already know they can check their account balances online. But banking customers might not realize that they can also use their smartphones to deposit checks, pay bills or even open a new account. While the vast majority — nearly 9 out of 10 — of banks and credit unions offer mobile banking apps, most financial institutions have only enrolled about 20 percent of their retail customers in mobile banking, according to the Federal Reserve.
The following mobile banking features can help you keep track of your finances — and save countless trips to the ATM.
Features such as the State Farm® mobile app’s MyTime Deposit® allow you to endorse a check, take a quick digital photograph of both sides and deposit the funds into your bank account.,  To help reduce your risk of fraud, be sure to shred your check after the transaction is approved. 
Many mobile banking apps let you schedule onetime and recurring payments and also view your pending and processed payments. For example, with the State Farm mobile app, you can pay your bills and view and make payments toward your vehicle loan.
Some mobile banking apps allow you to add your credit and debit cards to the app, creating a digital wallet inside your phone. You then can use your cards to pay for in-app and online purchases, as well as in-store purchases, at retailers that accept mobile payment options. You may also be able to use your bank’s app to redeem credit card rewards points.
Ease of Access
One of the greatest features of mobile banking is the convenience it provides. Mobile apps make it easy to transfer money internally between accounts, locate nearby partner ATMs and contact customer service through in-app messaging.
Conducting important financial transactions via smartphone might seem intimidating, but many mobile banking apps offer advanced security features. Some apps and online banking sites allow you to set up custom alerts for suspicious activity, sign into your accounts with your fingerprint or even temporarily lock accounts associated with lost or stolen debit cards. State Farm Bank® Visa debit and credit card customers can receive automatic fraud notifications on their phone.
In addition, if your bank offers two-factor authentication — an added layer of security beyond just your password, such as a verification code sent to a trusted device — it’s wise to use it.
If you’re a State Farm Bank customer, learn more about mobile banking capabilities through the State Farm mobile app.
 Note: State Farm Bank
conducts business in the United States only; this mobile feature is not available in Canada.
 Compatible mobile phone required; enrollment and terms and conditions apply.
 To learn more about Bill Pay, please read Internet Bill Payment Terms and Conditions.
 Visa is a registered trademark of Visa International Service Association.