The best mobile banking apps in August 2024

U.S. Bank rises above competitors with a robust app that offers excellent functionality to account holders. Starting with account management, customers can take care of almost any task without leaving the app, from viewing real-time balances to depositing checks and making payments.

Bills can be paid as needed or scheduled regularly to avoid missing deadlines. Payments to friends and family are handled through Zelle, a platform that supports instant peer-to-peer transfers. U.S. Bank credit and debit cards also work with your smartphone’s digital wallet for easy contactless store payments.

If your smartphone runs on an Android operating system, make sure to check out Wells Fargo for your mobile banking needs. The app receives an overall 4.8-star rating from more than 2.3 million users in the Google Play store, making it one of the top apps for banking on an Android device.

Wells Fargo’s mobile banking app provides more than just account management, offering users in-depth credit monitoring and budgeting tools that track spending. The bank’s AI assistant, named Fargo, is also available exclusively via the smartphone app.

iOS users are major fans of Capital One’s mobile banking app, giving it an average of 4.8 stars across more than 8 million ratings. The user-friendly platform allows account holders to view and manage their accounts, redeem rewards, and monitor their credit all within the app. Those with an iPhone or iPad can also add a widget to their device’s home screen that displays their current Capital One account balance without having to open the app or log in.

Capital One offers an additional unique security feature to all mobile banking app users while making payments online. Virtual card numbers can be generated for different online merchants, protecting your personal debit or credit card number in case of a data breach. Each virtual card can be deactivated at any time through the app.

As a leading fintech company, Chime unsurprisingly provides customers with a top-rated mobile app with excellent digital wallet integration. All Chime cards are easy to sync with Apple Pay, Google Wallet or Samsung Pay for quick contactless payments wherever they’re accepted.

Chime also supports convenient payments to family members and friends through Pay Anyone, its native money transfer service. With Pay Anyone, the recipient receives a payment link where they can enter their debit card number to receive funds instantly. There are no fees associated with sending money through Pay Anyone.

Rewards aficionados will be more than satisfied with account management abilities from Bank of America’s mobile banking app, which makes it easy to view, manage and spend the rewards you earn with Bank of America cards. Of course, the app also offers streamlined views of all your accounts held at the bank, including any Merrill investment accounts you may own.

The Bank of America mobile banking app displays a free updated FICO credit score for customers with at least one active credit card. It allows instant transfers to family and friends through Zelle.

Managing security is a significant consideration for mobile banking users and financial institutions alike. While every bank does its part to keep users safe online, BMO goes above and beyond with multiple layers of security that can be customized to fit your needs.

BMO Bank’s mobile banking app works with your smartphone’s fingerprint or facial ID recognition system to prevent unauthorized access as one of several multi-step authentication options. The bank has a dedicated financial crimes unit that works to prevent fraudulent activity around the clock. As long as unauthorized charges are reported within two days, BMO Harris Bank offers reimbursement to any customer who loses funds to fraud.

From splitting the bill at dinner to sending birthday cash, there are plenty of reasons you may need to send money to a friend or family member. Many banks partner with Zelle to provide immediate, secure, and fee-free peer-to-peer money transfers, and Huntington Bank offers the best in-app integration for this feature.

In addition to sending money through Zelle, Huntington Bank app users can also pay bills, make mobile deposits, and order paper checks via the mail in just a few taps.

Checking your credit score regularly is important, and SoFi makes it easy through built-in features in its mobile banking app. Not only do customers get a free updated credit score through the app, SoFi also includes customized advice on how to improve credit and build a better budget.

SoFi customers who make smart financial decisions and make improvements to their credit score can also earn rewards. These points can be redeemed for cash in your checking or savings account or applied toward your SoFi loan balance.

Whether you’re actively deployed or constantly on the move due to a military career, USAA’s mobile banking app makes it painless to continue managing your finances without any hiccups. The app acts as a one-stop shop for seamless management of your USAA bank accounts, investments and insurance policies.

No matter where you are in the world, you can use your USAA cards through your phone’s digital wallet for easy contactless payments. Funds can be sent to family members or friends instantly via Zelle.

Alliant Credit Union stands out with the best mobile banking app among credit unions thanks to its intuitive design and robust functionality. The app provides much more than just basic account management, offering seamless integration with popular budgeting tools for better financial planning.

Customers can speak with a real customer service representative through Alliant’s in-app chat feature, a service many competitors limit to AI assistance. A built-in ATM locator makes it easy to find the nearest spot to withdraw cash without fees using your phone’s built-in GPS.