6 must-have features for checking accounts

Catch this growing trend -- mobile banking
Catch this growing trend -- mobile banking © Aaron Amat/

Americans are turning to mobile banking in droves.

One-third of mobile phone users have used mobile banking during the 12 months ending in December 2013, according to a Federal Reserve study. The most common use: to check account balances or recent transactions. Consumers merely download a free app to tap into mobile banking features.

Also, most big banks such as Bank of America and JPMorgan Chase & Co. are now offering mobile deposits, where you simply take a picture of the check to deposit it. Several credit unions such as Redwood Credit Union and Digital Credit Union also have jumped onto this fast, free feature.

"In the old days, our bank lobby would be packed on Fridays with people trying to cash checks," says Ken LaRoe, CEO of First Green Bank in Florida. "Now, mobile banking is becoming a bank branch."


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