When it comes to banking, โgo greenโ has a few meanings this time of year. For us, it means employing eco-friendly tactics all while prioritizing easy and accessible banking. This Earth Day, we want to remind you of some ways that digital banking can help reduce waste while offering you convenience and flexibility.
What is digital banking?
Digital banking is essentially any banking activity or transactions that are conducted entire online or through a mobile app. In recent years, digital banking has become the preferred banking method because of the convenience and utility it offers. In fact, 78% of American prefer banking via a mobile app or website, according to a 2023 study. To put is simply, traditional banking methods โ like going to a branch, an ATM, or over the phone โ just arenโt appealing anymore in our increasingly digital world.
Hereโs some benefits to digital banking, to name a few: convenience, features, security, and control.
Online and mobile banking
Itโs the easiest (and greenest) way to manage your finances. Utilizing online banking and mobile banking not only saves you time and money from having to travel to a branch, it cuts down on emissions. When you bank online, you eliminate the physical receipts, statements, and other documents that would eventually head to the landfill.
Use electronic billing
If youโre an avid online or mobile banker, this one is a no brainer. When you go paperless with your bills, youโre eliminating waste and a headache. With online bill pay, you can easily track all your bills and transactions all in one place. Even better โ you can schedule payments in advance or as reoccurring payments so thereโs no forgetting on your end. Itโs as simple as a click of a button!
Switch to e-statements
If you havenโt already, itโs time to make the switch to e-statements on your checking account. Itโs easy, too: simply log on to your account and select the paperless option. This seemingly small task will help reduce your individual waste in the long-run and save on paper, postage, and delivery costsโฆ and who doesnโt want one less piece of mail to go through!
Mobile check deposit
Skip the trip to the bank and deposit your check with the mobile check deposit feature on the Penn Community Bank app. Even better โ skip the physical check all together and make sure youโre set up with direct deposit with your employer.
Use Zelle
Writing checks is so last year. Weโve partnered with Zelle to bring you a fast, safe, and easy way to send and receive money. Zelle is available right from online and mobile banking โ no need to for downloads or sign-ups.ย Save on ordering checks and reduce paper waste by utilizing this simple and fast way to manage your finances.
Consider a loan or line of credit to make green home improvements
Perhaps you want to make some eco-friendly improvements to your home, like installing solar roof panels or switching to an energy efficient HVAC system. Home improvements are expensive, and sometimes choosing the โgreenerโ option may cost even more upfront. If youโre looking for help with financing these projects, check out our personal loans to help make your sustainable dream home a reality.
This Earth Day, just by adopting one or two of these green financial practices, you are doing your part to save the planet. To learn more about all digital banking has to offer, please visit www.PennCommunityBank.com.
