Mobile Banking Alerts Everyone Should Activate

Busy people with cell phones
••• Arlene Adams / Getty Images

When my parents were teaching me how to balance a checkbook, we got bank statements once a month and you had to keep meticulous records to keep from bouncing a check. There was no bank by phone or bank via the internet. It was all done on good old fashioned paper. Times have changed — dramatically — hardly anyone uses checks (except maybe to pay a water bill or mortgage) and you can instantly see everything that’s going on with your account on your banking app or your computer.

And not only can you see what’s going on instantly, but you can also actually have your bank proactively send you bank alerts through your app. It’s really remarkable.

Choosing which bank alerts to get can be challenging sometimes. There are lots of options. Here are eight bank alerts that you may want to consider to keep your account secure and in good standing. For most people, it’s a good idea to pick and choose the top three that will be most beneficial to you.

8 Most Common Banking Alerts

1. Unusual Activity Alert

This sends you a text message if your bank detects activity that may be fraud. This often happens if spending is unusual for your account or if purchases are being made from outside your normal travel area. It’s common to get these alerts when you’re on vacation, and often if they are set up, your bank will send you a text to make sure a transaction was really you.

2. Mobile Deposit Bank Alert

This is an alert that sends you a message when you or somebody on your account uses their smartphone to snap a picture and submit a check. It acts as a receipt for mobile check deposits and can be a great way to keep solid records of what’s going on in your bank account.

3. Cleared Check Alert

This alert allows you to track exactly when checks clear in your account. This way if you have a larger check that doesn’t clear right away you’ll instantly know the status of your deposits and won’t be as likely to spend money that isn’t there yet.

4. Low Balance Bank Alert

This is one of the more popular bank alerts you can set up. It tells you when the balance in your bank account goes below a certain amount. Most banks let you set it up with any threshold you’d like — whether that be $1000 or $20. This can help you to keep from incurring expensive overdraft fees or overspending, and to know when to hold off on purchases that aren’t exactly necessary.

5. Big Purchase Alert

This alert is especially helpful if you have a joint account. It allows you to be notified when there’s a big dollar amount coming up the bank account. If you don’t recognize it, then you can find out quickly if somebody else does and avoid problems with an overdraft in your account or potential fraud.

6. Password or Profile Change Alert

This bank alert lets you know if somebody has tried to change your password or your profile. Sometimes, of course, you have to do this yourself. But if it’s not you changing the password then it can signal account theft or hacking and is important to take action on right away. This is one of the more important alerts when it comes to the best security practices for mobile banking.

7. Large ATM Withdrawal Alerts

This is another alert that helps to notify you of unusual behavior in your bank account. If it’s normal for you only withdraw $40 or $60 at a time from the ATM, then it’s helpful to get an alert when somebody withdrawals $500. Because then you can check to make sure it’s really you or an authorized account holder.

8. All Debit Card Purchases

This bank alert isn’t for everyone, but it can tell you exactly what’s going on in your bank account at any given time. And it can alert you to transactions that might be occurring at odd times of the day. But it’s also pretty intrusive and can be annoying.

Bank alerts can be very helpful in maintaining a healthy bank account. But they also can be intrusive and somewhat annoying. So it’s a good idea to pick the most helpful ones and leave the other ones off your list.