Banking at your fingertips

Mobile apps are the ultimate in convenience. How to choose them and how to stay safe.

Gail Bebee 10 April, 2015 | 5:00PM
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A revolution in consumer banking has unfolded within the lifetime of many Canadians. Anyone over 45 will recall that banking once involved trekking to the local branch during bankers' hours, filling in a deposit or withdrawal slip and waiting in line for a teller to process the transaction.

The arrival of automated teller machines in the late 1970s and early 1980s gave bank customers their first taste of choice and convenience: 24-7 banking at any handy ATM. Once personal computers became a common fixture in Canadian households, banking moved online, adding the convenience of banking and even managing investments at home.

Mobile banking is the latest iteration of the personal-banking revolution. With a smartphone or tablet and an Internet connection, you can bank or invest almost anywhere at any time.

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About Author

Gail Bebee

Gail Bebee  Gail Bebee is an independent personal finance speaker, teacher and the author of No Hype--The Straight Goods on Investing Your Money. She can be reached at gbebee@gailbebee.com; her website is www.gailbebee.com.

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