Should Your Small Business Use a Business Bank App?

Business on the go is the usual trend in any industry these days, which is why mobile applications are growing by the day to accommodate different business needs. You have applications for scanning barcodes, keeping track of inventory, placing orders and more. The retail industry is basically touch and pay, and you may have no choice but to go digital to keep up.

Today’s applications also allow for mobile banking. We get it – it can be scary to digitize your business banking because there are lots of horror stories about message scams and phishing out there. Although the benefits far outnumber the risks, we’ve listed down some advantages of having a mobile banking app to help you decide whether or not you need one.

Real-Time Updates

With mobile banking, you can do everything quickly and efficiently. Get quick payment updates from buyers and see proof of transactions online. You also have access to your funds 24/7 in case you need to transfer any money. If you have any employees, you can pay them through your baking app. Modern business checking accounts such as Hatch offer these features to their clients.

Secure Login

There’s no need to worry about the security of your finances. Business checking accounts have multiple authentication features to keep your money safe and sound. Some use biometric security such as fingerprint or Face ID along with your password to add a layer of protection. You can also enable verification text messages for your smartphone. This lets you know whenever someone is trying to access your account- just like when someone tries to sign in to your email or use your credentials to log in to a different device. You will be in charge of all the activity on your account. If there are any suspicious logins, the app can usually alert you.

As an added benefit, bank apps like Hatch also allow you to lock your card in seconds if you ever lose or misplace it. Moreover, your money can be insured.


Some apps offer rewards for those who constantly use their app. This can come in the form of cash backs whenever you purchase something from partner merchants or use the app for business purchasing. You can use these rewards at selected gas stations, hotels, restaurants, and car rentals!


Alerts and suspicious activity aren’t the only useful information that your app can give you. With a banking app and a business checking account, you can check the status of your funds and see if your cash flow is stable. Cash flow is essential for all your business operations to continue smoothly. Checking your funds in real-time will surely give you an idea if your business is doing good.

Customer Support

Customer support is critical. Suppose you encounter any problems with your money. In that case, it could significantly affect your business, which is why it’s best to choose an app or service that will provide 24/7 support to you. While employees can’t work 24 hours a day, some apps come with built-in chatbots to help you with your questions or concerns. An intelligent chatbot is programmed to answer hundreds of questions without putting you on hold.

Improve Efficiency

Almost anything that comes from technology and innovation improves efficiency. This means you can get things done in a much faster and less costly way. You won’t be wasting any resources. One of the things that banking apps can help you with is saving you time. This is time you could be using for something else like overseeing your business or improving other areas that need your attention.

Running a business, no matter how big or small, can be tedious and time-consuming. This is why there are available tools to help each and every owner manage their business better. Give it a try and let the benefits convince you that you made the right decision.

Adam Hansen

Adam is a part time journalist, entrepreneur, investor and father.