Our lives are busy today, with multiple things happening simultaneously. Technology can help us stay organized and on track with so much going on. Setting alerts to be sent to a mobile device can help you protect yourself from fraud, remain within a set budget, and avoid paying unnecessary fees. This strategy is a good technique for managing a busy lifestyle and finances. 

Some alerts are automatically set for you. Financial institutions use algorithm software to learn spending behaviors of its credit and debit card users. If a transaction seems suspicious, the software sends a fraud alert. This system has protected countless people from being victims of theft. 

Like the automatic alerts that come with credit and debit cards, account holders can manually set alerts with a bank account for various operations. For example, check deposits, withdrawal, or funds transfers from one account to another can activate text alerts. A bank account’s online bill payment feature can alert the account holder if there are insufficient funds to make a payment. Many people find that reminder alerts that a bill is due or past due are also helpful to stay on top of loan payments. People use all of these methods to keep an eye on money in bank accounts, be aware of suspicious activity, and avoid fees. 

Another option is to schedule for bank account balances to be sent monthly, weekly, or daily. Seeing these notifications helps users keep track of how much money they spend, and the regular reminders help them keep their spending at a minimum. 

Online banking accounts typically offer budgeting tools. These tools allow account holders to set spending amounts for different categories. As an example, someone might budget to spend $100 per month going out to eat at restaurants. An alert can warn them if they’re getting close to the spending limit. Knowing this, they may decide to stay within their budget and wait until the next month to go out again. 

Financial institutions such as credit unions and banks welcome the use of alerts. Sign up through your financial institution’s online banking platform. Most notifications and alerts are easy to set up using a computer or mobile device. However, someone at the bank or credit union will be able to assist anyone who needs help.