New mobile check ordering site reduces order time by 50 percent

As consumer lifestyles become increasingly app driven, so does the way individuals manage banking and personal finances. For financial institutions that haven’t “gone mobile” quite yet, below are three trends that indicate it’s no longer a “nice to have.”

Mobile banking is no longer just for Millennials and Gen Z. In fact, recent findings indicate that well over 50 percent of consumers under age 54 consider mobile deposit to be a “must have” or “nice to have” feature.

Mobile banking is a “triple crown” for account holders, saving time, money and bandwidth. The convenience they derive from it makes them more likely to be loyal to their bank or credit union. For financial institutions, mobile banking is a bit cost saver and driver of account holder satisfaction.