Tis the Season to Be Jolly and Manage Your Finances

According to the National Retail Federation the average consumer will spend $688.87 on holiday-related shopping. With your customers in full swing with their holiday shopping sprees, here are some online banking tips to share with them:

  • Look at your full financial picture to ensure you’re staying in the black — Intuit Financial Services’ October 2010 survey found that 84 percent of U.S. consumers felt the most important aspect of online banking tools is the ability to pay and manage bills and finances all in one place. With everything in one place, consumers have a clear picture of their financial situation which can help them make smarter purchasing decisions.
  • Check the accuracy of your transactions, so when you go from retailer to retailer, you’re not in the red — 57 percent of consumers use online banking tools to check the accuracy of their purchases.
  • If you’re always on the go, take advantage of mobile banking tools.  Close to 20 percent of survey respondents said they’re already using mobile banking applications to track their finances.

Written by Banking.com Staff