In this day and age, you can do pretty much anything online. That’s why Guaranty Bank & Trust lets you bank anywhere, anytime with our online banking solutions. Whether you need to move some money around, stay on top of your bills, or pay back your friend, you can do it all on your computer, tablet, or smartphone. Doesn't get easier than that.
Today a mobile phone plays an important role in many facets of our busy lives. Banking via mobile phone is a relatively new concept, but it is one area of mobile possibilities where convenience and real-world usefulness can readily be identified. Consider the expediency of being able to transfer funds between accounts while commuting, or pay bills while waiting for a flight, or verify whether a transaction has posted to your account while you sit in the lobby waiting for a client meeting - all from your own mobile phone. Mobile banking allows customers to do these things and at the same time provides the data security necessary for financial transactions.
According to recent research, although over 80% of US households have internet access, only 75% of those (between 60 and 65% overall) have the high-speed access required for the secure transactions involved with online banking. That means that, at present, almost 40% of US households cannot realistically do their banking online. Contrast that with 90% of households that possess at least one mobile phone, and the convenience and accessibility of mobile banking become even clearer.
With mobile or online banking, the primary concern for users is - and should be - the security of their financial transactions. To that end, banks have instituted many different strategies for keeping financial information secure. Controls such as data encryption and user authentication - preferably with visual as well as text-based authentication, are widespread.