Easy, convenient, and safe – those are the advantages of online banking. We all know online banking has changed how we conduct our financial transactions. We can now bank anywhere, anytime. Physical trips to the bank, within defined branch hours, are no longer necessary for most transactions. With state-of-the-art online banking connections, such as Welcome Federal Credit Union’s new Virtual Branch, improved online bill pay and account management tools are easier to access than ever!
Online and Mobile Banking – Available When You Are
Although consumers may still want the ability to bank in person, 8 in 10 Americans have used their mobile devices at least once in the prior month to manage their bank accounts.1 According to Forbes Advisor, as of 2022, 78% of adults in the US preferred to bank online or via mobile app.
Online and mobile banking allows members to conduct standard banking services virtually anywhere. A complete set of financial tools is available on a desktop, mobile phone, and other handheld devices.
Virtual branch or online banking is simple, efficient, and secure. You can:
- Establish recurring payments
- Schedule payments (up to one year in advance)
- Manage payment cancellations
- Complete fund transfers between accounts
- Execute ACH transfers
- Utilize Zelle® for convenient money transfers via email or text
- Deposit checks*
- Monitor banking activity
- Generate free eStatements
*Mobile deposit limits may apply
Why Use Online and Mobile Banking?
In today’s fast-paced world, consumers want to conduct their financial transactions safely and effortlessly. New digital features are constantly being developed and incorporated into bank delivery systems to meet member demand. With the increasing use of mobile devices, members want accessibility at their fingertips.
Today’s fast-paced, dynamic, and mobile lifestyles no longer work with old bank routines of going to the bank, meeting with a representative, filling out paperwork, waiting for approvals, and returning to the bank to obtain funds. Today, the same transaction is conducted in minutes with mobile and online banking.
Brick and Mortar Banks
Online and Mobile banking is safe, as encryption technologies, two-factor authorization, and other monitoring features are utilized to safeguard transactions. However, there are financial transactions that require in-person contact:
- Cash deposits or withdrawals
- Issuance of certified or cashier checks or money orders
Banking with an institution that provides both physical and virtual branches gives consumers many advantages, including having personal guidance when needed while having the convenience of banking anytime.
| Welcome’s upgraded online banking service was launched on February 13th. It features improved online bill pay and account management tools. |
- Bookmark this URL – https://gwecu-dn.financial-net.com/web/ – this is our new login page.
- Accept the new terms and conditions when logging in.
- First-Time Access – Make Sure We Have Your Mobile Number and Email: Call your branch at (888) 932-8148 to provide or confirm your contact information for enhanced security measures and seamless account management.
At Welcome Federal Credit Union, you can always meet with a staff member or use our newly upgraded online banking services. We provide you with the stability you seek, the flexibility you need, and the empowerment you deserve regarding your money. You’re always welcome at WFCU!
1 https://www.aba.com/news-research/analysis-guides/2023-digital-banking-experience