Have you tried Bank of American Fork’s money manager in online and mobile banking? It’s powered by MX™ and has some useful features to help you manage your budget and detect fraud.
With some major data breaches taking place recently, including the Equifax data breach announced earlier this month, many identity theft and fraud prevention experts have advised Americans to check their accounts on a daily basis to watch for fraud. This can be time consuming and an inconvenience, especially if you have accounts at multiple financial institutions.
One of the great features of money manager is that you can see all of your accounts in a single place. Connect your Bank of American Fork accounts and accounts at other financial institutions for a single view of your financial picture. This can include your life insurance policy, 401(k) accounts, credit cards, loans, savings accounts and checking accounts.
Once you’ve got it all set up, you can keep an eye on all of your accounts with a single login. This makes it much easier to check your accounts for suspicious activity on a daily basis, or at least once or twice a week. Money manager can be accessed through online or mobile banking, giving you an overview of your finances from anywhere with an internet connection.
As you review your accounts and transactions to check for fraud, consider taking advantage of this time to make sure each transaction is correctly categorized. This will help ensure that the “expense tracking” feature of money manager, which provides a visualization of spending categories over a defined date range, is accurate. An accurate spending report can be a helpful budgeting tool as you learn where, when and how you spend your money each month.
As you can see, Bank of American Fork’s money manager feature can help you kill two birds with one stone. You can simplify the process of monitoring your accounts for fraud, while at the same time helping you manage your monthly budget. Get started today!