Have you ever gone shopping, only to arrive at the register and wonder if you had enough money in your account to pay for your purchase? If you have, you know that it can be an uncomfortable situation. Fortunately, the technology exists to help you avoid these concerns in the future.
How to Do It
Financial institutions usually make it very easy to set up account alerts via Internet Banking or the Mobile Banking App. In most cases, it’s just a matter of selecting the alerts you prefer and hitting “Save.”
You have flexibility in how you receive alerts and what types of messages you get. For example, you can choose if you want updates for your credit card(s) or your deposit accounts, or both. Additionally, you get to select whether you want to be notified via email, a phone call, or text message. There are also specific triggering events you can elect to use to create message generators. Common options are to have a message sent when your checking account drops below a certain dollar amount or specific transactions clear your account.
At Nusenda Credit Union you can enable the following alerts:
- Account Alerts – set notifications (depending on your account type) for your Checking, Credit Cards and Loans
- History Alerts – establish alerts to determine when deposits are made, checks clear, and more
- Transaction Alerts – set notifications about the status of Funds Transfers, External Transfers, and Stop Payment Requests
- Date Alerts – set reminders for birthdays, anniversaries, meetings, appointments and more
You can establish the alerts you prefer by logging into the Mobile Banking App or Internet Banking, clicking “My Profile” then selecting “Alerts.”
Why It Matters
Having regular updates on your accounts can certainly help you to avoid uncomfortable situations at the cash register, but there are a number of other benefits.
First, it can save you quite a bit of money over the long haul. If you are charged a fee for overdrawing your checking account or for going over your credit limit, you can help avoid these costly penalties by being more aware of your balances.
Next, account alerts can be invaluable in helping you stave off identity theft. By knowing when unusual activity is happening in one of your accounts, you can catch fraud early and thus make it much easier to resolve.
If your account balance drops fairly low between paychecks, you might find yourself in situations where you have to wait for money to be deposited into your account before you can make larger purchases, like groceries. Setting up an alert for when a deposit is made into your account saves you from having to check every frequently to see if your money is available.
Lastly, account alerts make the process of sharing an account much easier. If you have a joint account, you may not always know when the person you share it with has made a purchase or deposit. By setting up an alert to let you know when a change has been made, you avoid the negative consequences that can result from a lack of communication or misunderstanding.
Account Alerts is just one more way to make your personal finances significantly easier. Mobile accounts alerts are definitely in that category though, so take advantage if you have the opportunity.
Content in this article was provided by BALANCE.