PITTSBURGH (KDKA) – Remember when banking on your computer was a big innovation? Now, it’s all about banking on the move.

Consumer Reports recently sized up the benefits of mobile banking.

Like a growing number of people, Katy Rosati does almost all her banking on her smartphone.

“I don’t need to find an ATM or a computer to know what’s going on in my bank account,” Rosati said.

Consumer Reports said banking on a cell phone is like having an ATM in your pocket.

“Text banking can be done with the simplest of phones. You send messages to get your account balances, and you get text messages when your balance is low or when your withdrawals or deposits are posted,” Greg Daugherty with Consumer Reports said.

If you have a smartphone or a tablet computer, you can transfer money and pay bills too.

“There are also banking applications designed specifically for your bank and model of phone. Chase, for example, will let you take a picture of your check with your camera phone and deposit it,” Daugherty said.

But you do need to make sure your banking on the go is secure.

“Never do mobile banking on a public Wi-Fi network. And when you’re on your bank’s website, always look for the little lock symbol in the browser to know that you’re on a secure site,” Daugherty said.

It’s also a good idea to install security software. That way you can safely join 39 million other Americans who already do mobile banking.

“I know exactly what’s in my account, when things have cleared, you know, when money is coming out. I feel very on top of my finances,” Rosati said.

Along with the convenience, Consumer Reports said there’s another plus with banking on your cell phone. Banks typically don’t charge extra fees for this service.

Visit Consumer Reports’ website for more information about mobile banking.

RELATED STORIES

Prepare & File Your Taxes For Free
Get The Most Out Of Your Medical Care
Does 5-Hour Energy Drink Live Up To Claims?

RELATED LINKS

Consumer Reports Website
Consumer Reports: 5 Ways To Protect Your Smart Phone