Mobile banking platform, Branch, has added a business structure to its service. The move allows small and/or online businesses to access account information, deposit checks, pay bills and transfer funds via the Branch mobile platform. The latest feature is designed to help businesses more easily manage their banking needs, and spend more time focused on growth. The new function is free, and can be accessed without the need to sign up for a new account. However, standard transaction fees apply.
Branch, a leading mobile banking platform, has recently announced the introduction of a new mobile banking feature designed specifically for small business owners. This feature aims to streamline banking operations and provide greater convenience to small business owners, thereby enabling them to focus more on growing their businesses.
The new mobile banking feature is equipped with a variety of tools and services designed to simplify banking tasks. Some of the key features include:
1. Access to business account information: This feature allows small business owners to access their business account information, including balances and transaction histories, on their mobile devices.
2. Mobile deposits: Small business owners can now deposit checks directly into their business accounts using their mobile devices, eliminating the need to visit a physical bank branch.
3. Bill payment: The new feature also includes a bill payment service that enables small business owners to pay bills directly from their mobile devices.
4. Money transfers: Small business owners can transfer money between their business accounts and make payments to vendors or employees using their mobile devices.
In addition to these key features, the new mobile banking feature also includes a range of security measures to ensure that small business owners’ sensitive financial information is protected at all times.
To access the new mobile banking feature, small business owners can simply download the Branch mobile banking app from the App Store or Google Play Store and log in using their existing account information.
1. Who is eligible for the new mobile banking feature?
The new mobile banking feature is available to all small business owners who have a business account with Branch.
2. Is there an additional fee for using the new mobile banking feature?
No, there is no additional fee for using the new mobile banking feature. However, standard transaction fees may apply.
3. How quickly can I access funds deposited via mobile banking?
Funds deposited via mobile banking are typically available for use within two business days.
4. Is my sensitive financial information safe when using the new mobile banking feature?
Yes, the new mobile banking feature includes a range of security measures, including encryption and password protection, to ensure that your sensitive financial information is protected at all times.
5. Can I make international money transfers using the new mobile banking feature?
No, the new mobile banking feature is currently only available for domestic money transfers.