Let’s face it, finding the best banking app for the iPhone is an overwhelming task. There are many different options out there to research and try, and in many cases some of the most popular apps aren’t always the best. Banking tasks themselves can be daunting, so making sure you have the exact right app to help and not make things more confusing is nerve-racking. What if you rely on an app that actually jumbles your banking information?
A banking app isn’t something you want to switch all too often, so it’s important to get it right the first time. Knowing what to look for and trying a few apps that have a good reputation is key to getting your mobile banking situation settled once and for all.
Top iPhone Banking Apps to Download This Year
Below are some of the top iPhone banking apps that have consistently received good reviews and offer the latest options and features consumers need:
This app has been around for a while and allows you to track, budget, and manage your money. You have to register for an account at mint.com, but it’s simple and everything is completely free. You will also be able to mange your account on a desktop, but this option is primarily used for mobile. The interface is great and easy to use, so if you’re looking track and budget your money this ones for you.
This is the first and only app to provide you with free credit scores and free credit monitoring, so it’s a good one to have in the back of your mind. It’s completely free, and you can even see how your score ranks in comparison to others. It’s also a good way to monitor things regarding your credit score because it will alert you if something in your credit report changes such as improved payment history, new public records, and new credit inquiries.
My Loan Calculator (by CalcNexus).
Any loan calculator app will help you calculate payments, review schedules for payments, and most importantly create different scenarios and options for your payments to see what would happen if you were to add that payment.
With this particular app you can calculate fixed-rate simple interest payments, add principal payments to see your loan balance shift, and create a scenario with a few variables and then show you the outcome. For example, if you have a car loan, you might be interested to see what your payment would be if you have a certain loan amount, interest rate, and term. Plug those factors into the app and you’re good to go.
Home Budget with Sync (by Anishu Inc.).
This is a great app to manage your account balances, create a budget, and keep your bills organized. You can set up your credit and debit card accounts and then sync your data so that you can export your information to desktop if you wish. This is also a good app if you want to share information with another iPhone user or use the “family sync” option to help everyone stay within a particular budget.
What I like best about this app is that you can flip through photos of the checks you have deposited. It has great security so you never have to worry about someone stealing your information, and you are able to make credit card payments through this app. It has a great user interface and you don’t have to sign up for any type of online banking before using it.
This is a UK based app, but you do not need to have a bank account with Barclays to use its features. This app is full of options that most other apps don’t offer—you can check balances, transfer funds, etc. from multiple platforms like your iPad or desktop, you can call your bank directly from the app, and you can send and receive money via by using mobile phone numbers so that you aren’t using your bank information. In my opinion, this is the future of banking apps.
A Few Extra Tips
We did not include apps like Chase, Bank of America, or other major banks on the list because these apps work best if you have an account with that bank. They allow you to look at your accounts and even pay your bills right there on the app.
We talked with Natalie Cooper of Bankingsense.com who explained that having more than one banking app is sometimes a good idea if you’re working with the right ones. She said, “I highly recommend download those major banking apps along with one of the apps discussed above. Major banking apps rarely have the special features that some other third-party apps have, so it’s beneficial to have both.”
Do you know of a great banking app for the iPhone that has worked for you in the past? Do you know of any apps that end up causing more harm than good? Let us know your story and your thoughts in the comment section below.
More useful apps: