Finance Tip: The Benefits of Online & Mobile Banking

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For more than 150 years, Kennebec Savings Bank has offered finance tips to individuals, nonprofit organizations, and municipalities to educate them on current trends when it comes to financing. 

Our goal is to provide valuable advice on setting and achieving financial goals, protecting your financial security, and expanding your financial education.

Whether you are just starting your journey towards financial independence or looking to improve your current financial situation, our tips and resources are here to help you navigate the complex world of finance. 


How Online and Mobile Banking Can Simplify Your Financial Life





































In today’s fast-paced world, convenience is key—especially when it comes to managing your finances. As more of our lives move online, it’s no surprise that banking has followed suit. In fact, 71% of Americans now prefer to manage their finances online rather than visiting a branch in person. As the President and CEO of Kennebec Savings Bank, I’ve seen firsthand how digital banking tools can transform the way you manage your money, giving you greater control and flexibility.

Here’s why online and mobile banking should be part of your financial routine.

Anytime, Anywhere Access

One of the most significant benefits of online and mobile banking is the ability to access your accounts whenever you need to. Whether you’re checking your balance, transferring funds, or paying a bill, you can do it all from your computer, smartphone, or tablet—24 hours a day, 7 days a week. No more waiting in line at the bank or rushing to meet branch hours. You can:

  • Check balances and view transaction history instantly.
  • Transfer funds between accounts or to other people with ease.
  • Pay bills directly from your account, with the ability to schedule recurring payments so you never miss a due date.
  • Deposit checks by simply snapping a photo using your phone.

These features, along with many others are designed to fit seamlessly into your life, saving you time and simplifying your daily financial tasks.

The Rise of Mobile Banking

Mobile banking, in particular, has seen tremendous growth in recent years. Millions of people are now using their smartphones to handle their banking needs, whether it’s checking their balance while waiting in line at the grocery store or transferring money before heading out for dinner. The convenience factor is undeniable, but what’s equally important is the security that comes with it.

I often hear concerns about the safety of online and mobile banking. While it’s natural to be cautious, the reality is that mobile banking is built with advanced security features that make it a very safe way to manage your money. Modern banking apps incorporate a variety of protections to safeguard your information, such as:

  • Two-factor authentication – Multi-Factor Authentication (2FA-MFA): This adds an extra layer of security by requiring you to confirm your identity with something you know (your password) and something you have (a texted code or fingerprint scan). Learn More About Multi-Factor Authentication Here
  • Biometric login: Fingerprint and facial recognition provide secure and convenient ways to access your account, ensuring that only you can log in.
  • Real-time alerts: These notify you immediately of any unusual activity in your account, allowing you to respond quickly and take action if needed.

At Kennebec Savings Bank, we take security very seriously and constantly invest in the latest technologies to keep your information safe. From encryption protocols to fraud detection systems, we’re dedicated to protecting your financial information at every step.

Take Control of Your Financial Future

Beyond convenience and security, online and mobile banking provide a sense of empowerment. By having your financial tools at your fingertips, you can stay on top of your budget, track your spending, and even set up savings goals. Managing your money becomes less about reacting and more about proactively making informed financial decisions.

As technology continues to evolve, we are committed to making sure our customers have access to the best tools available. At Kennebec Savings Bank, we believe in using technology to improve our customers’ banking experiences, helping you manage your money in ways that fit your lifestyle.

If you haven’t tried online or mobile banking yet, I encourage you to explore these tools today. Whether you want to save time, make banking more convenient, or enhance the security of your accounts, these services can make a big difference in how you manage your finances.

We’re here to support you every step of the way as you embrace the future of banking.

Simplifying Your Financial Life with Online and Mobile Banking

In today’s digital world, managing your finances should be as convenient as possible. With online and mobile banking, it’s easier than ever to stay in control of your money without having to visit a bank branch. In fact, more than 70% of Americans now prefer handling their finances digitally. At Kennebec Savings Bank, we’ve seen how online and mobile banking can transform the way people manage their finances by offering unmatched convenience and security.



Written By: Andrew Silsby, President & CEO