Get your free time back: Digitize your dollars

We are so accustomed to instantly satisfying our need for fast and easy digital experiences that words like “binge-watching” and “streaming” have become a part of our everyday language. And while you may not realize it, that same desire for ease and convenience can be met with your financial transactions. Digitize your dollars and get more of your free time back. Here’s what you need to know.

24/7, always-on connections
You can take care of nearly any money task at any time from any device. Check to see if your bank or credit union offers services like remote check deposit, online account tracking, digital funds transfer, chat functions that allow you to apply for a loan, and even the ability to manage your investments from your cube at lunch or your couch at night.

Opt for e-statements
Signing up for e-statements allows you to skip waiting for paper statements to arrive in your mail. Plus, your bank or credit union may even allow you to choose your statement end date for a time that best fits your schedule. Then look for an alert on your device when your monthly statement is ready. Be sure to download and store your statements in a safe place, such as a removable drive or a backup cloud location, in case you need to come back to them later.

Pay bills online
Your recurring bills can be paid automatically by allowing funds to be deducted from your account. You can also set up a manual one-time payment directly to a specific provider. Pay down debt, improve your credit and spend more time on things that matter to you.

Think security, too
Online services only pay off if they are used safely. Remember to:

  • Use a unique password or passphrase that’s long and strong for each of your accounts.  
  • Keep your usernames and passwords secure by enabling multi-factor authentication whenever available. (Get more help with choosing a secure password, if you need it.)
  • Consider using a password manager to help you manage difficult, unique and long passwords for all your accounts.
  • Never enter personal data (e.g. name, birthday, Social Security number, or account numbers) on a webpage that’s not secure. Look for a small padlock icon just before the site’s URL, to verify the site is secure.
  • Make sure the computer is up-to-date with virus protection and a firewall.
  • Read each site’s privacy policy, as well as the terms and conditions.

Reclaim your free time and put technology to work for you.

Article provided by Local Government Federal Credit Union.
The advice provided is for information purposes only.