Being financially responsible means knowing what is going on with your accounts. Do you check your accounts often? Do you think about checking your account but forget to? Fraud is occurring every day through accounts and unless you are looking at your account, you might miss it. With today’s technology, most financial institutions offer a way for you to monitor your account easily without having to open your mobile app or log in online every day. Setting up account alerts is an effortless way to check on your account activity.
Account alerts from a credit union or a bank allow you to be notified directly about activity occurring on your bank account. Through the online or mobile banking portal, you can set up and customize alerts based on your financial needs. It is very user friendly and is part of your online banking services. At Alltrust, we offer many different account alerts that you can choose from and set up.
Common Types of Alerts
Deposit Posted Alert
A deposit alert will notify you whenever there is a deposit posted to your account. Whether you made the deposit in a branch, at the ATM or via mobile app, you will get a text or email stating that a deposit was posted to your account. This will help you keep track of all the deposits going into your account. You can set up the amount of the deposits as well. For an example, you can have the alert occur whenever a deposit was posted between $10 and $1,000.
Large Withdrawal Alert
A large withdrawal alert will notify you whenever you make a withdrawal. You can set the limits of when you want to be notified. In other words, you can choose to set a limit between $10 and $2000, and whenever there is a withdrawal between those amounts, you will get the text or email. This could benefit you in the case someone was to get a hold of your debit card and try to do a withdrawal. You would be able to catch it faster with the alert being on.
Share Balance Under Amount Alert
This alert will notify you when your account goes below said amount. For example, you can set up alerts when your checking account goes under $200. This could be a reminder for you to make a transfer to make a purchase or need to pay a bill. This alert will help you keep your accounts from going into the negative and potentially charging a fee.
If you are someone who doesn’t check your account every day, then it would benefit you to set up different account alerts so you can still stay on top of your accounts. Each account can have different alerts as well, whether you have a debit card, savings, or checking account Alerts are made for you to be notified when something changes instantly. The purpose of using account alerts is not so that the bank or credit union can contact you and try to sell products. These alerts are strictly on notifying you of account activity and help stay organized with it comes to financial responsibility.
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