How to Save Time and Automate Your Savings

Two people holding financial papers and a tablet with graphs on it.

Time and money are precious. Thanks to enhancements in online and mobile banking, we can get back some time and even increase our savings while we’re at it.

Set up Online Banking and Mobile

Can you believe it? In 2013, only 51% of adults used online banking. And according to the Federal Reserve’s 2015 Consumer and Mobile Financial Services report, only 39% of all mobile phone owners with a bank account have used mobile banking in the past 12 months. That’s a lot of people who are probably spending more time and money than they need to.

When you sign up for Greater Nevada’s online banking, eBranch, you’ll have 24/7 access to your accounts and the ability to set up notifications of your transactions, account balances, or for when loan payments are due, among other things. You can also transfer funds easily from one account to another. Keeping real time tabs on your accounts can help prevent paying for overdrawn funds.

If you also download the Mobile banking app which is tied to your eBranch account, you can deposit checks from your mobile phone, view your accounts, and make person-to-person payments with services such as Popmoney®.

So, instead of driving to a branch or ATM, you can conduct most of your banking from your computer or mobile device, and get important alerts when you need them. Plus, signing up for online and mobile banking are both free.

Online Bill Payments

By using the Bill Pay feature through eBranch, you don’t have to write and mail any more checks. You simply set everything up online. No more buying stamps or running around to pay bills! You can even set up automatic payments, or you can set up reminders of what’s coming due if you prefer to review your bills first.  Either way, it helps get bills paid on time so you’re not paying unnecessary late fees.

Automated Savings

Another cool feature of eBranch is setting up automatic transfers that help build your savings. Based on your budget and bill pay dates, you can automatically set aside a certain amount on a regular basis to go into your savings account. You won’t be tempted to spend it as easily, and before you know it that account will really start to build into a nice rainy day or emergency fund!

Another option is to set up a Christmas Club account, a short-term savings account that you can transfer funds into all year long, and then cash in right as the holiday season begins. There’s a penalty for taking out the money early, so it’s in your best interest not to touch it until the funds are officially released.

So go ahead, sign up for our online banking, eBranch, if you haven’t already done so, and be sure to set up your automated savings while you’re at it. You’ll be thankful for the time you save and the savings you build!