Maximize Small Business Efficiency with Mobile Banking Tools

Running a small business means wearing multiple hats – CEO, accountant, customer service rep, and everything in between. But managing your finances doesn’t have to be complicated. With today’s mobile banking tools, business owners can take control of their finances from virtually anywhere, saving time and reducing stress. 

At Grasshopper, we know how valuable that kind of flexibility can be. That’s why we’ve built mobile-first features designed specifically with entrepreneurs and small businesses in mind. Here’s how to fully leverage these tools to maximize efficiency and keep your business running smoothly.

1. Keep a Pulse on Your Cash Flow with Real-Time Account Monitoring

Your business’s financial health depends on knowing exactly where your money is at all times. With real-time access to account balances and transactions, you can:

• Check your available funds before making big purchases or paying invoices.
• Spot unauthorized transactions immediately and take quick action to prevent fraud.
• Use transaction categories to see where your money is going and adjust spending habits accordingly.
• Automate bookkeeping by integrating your accounts with industry-leading accounting software like Autobooks, QuickBooks or Xero.

2. Get the Full Picture by Linking External Accounts

Many small businesses manage finances across multiple banks. Instead of switching between platforms,. mobile banking can consolidate your financial view by: 

• Linking external accounts to view everything in one dashboard.
• Tracking cash flow across different accounts without manual entry.
• Planning for future expenses with a more accurate snapshot of your available funds.
• Making faster, smarter decisions with a complete financial overview.
• Automating cash flow forecasting with real-time insights.

3. Move Money Seamlessly with Quick, Secure Transfers

Speed and security matter when it comes to handling business transactions. Mobile banking enables you to:

• Schedule one-time or recurring transfers for things like payroll or vendor payments.
• Instantly move funds between accounts when needed.
• Choose between ACH or wire transfers for larger payments based on your needs. Initiate same-day or next-day transfers to reduce delays in your business operations.
• Set up multi-user access to allow trusted employees to manage payments securely.
• Generate and share personalized wire instructions to receive payments without delays.

4. Stay in Control with Card Management

Lost card? Suspicious transaction? No problem. Unexpected card issues shouldn’t derail your day. Mobile banking tools can help you:

• Easily activate your business debit card or update your PIN.
• Instantly lock and unlock cards if lost or stolen.
• Set daily or per-transaction spending limits to prevent overspending.
• Receive real-time alerts every time your card is used to keep you informed of all activity. Create virtual debit cards for secure online payments.
• Monitor employee card usage with spending reports to ensure adherence to company budgets.

5. Deposit Checks Without Leaving Your Office

Still receiving paper checks? No need to run to the bank. Mobile check deposit lets you:

• Snap a picture of the check and deposit it directly into your account.
• Get faster access to funds without waiting in line at a branch.
• Keep a digital record of all deposits for easy bookkeeping. Reduce administrative workload by automating reconciliations with accounting software.

6. Go Paperless with eStatements for Easy Organization

Digging through stacks of paper statements is a thing of the past. With eStatements, you can:

• Download and store digital statements for quick reference.
• Search for specific transactions in seconds instead of flipping through paperwork.
• Share statements with your accountants or advisors within seconds.
• Access historical financial records anytime for  budgeting and financial planning.

7. Stay Alert and Avoid Surprises with Custom Notifications

No one likes unexpected surprises. Custom alerts can give you peace of mind by:

• Flagging large or unusual transactions so you can verify or dispute them instantly.
• Warning you about  low balances to avoid overdrafts and bounced payments.
• Detecting suspicious  activity early to stop fraud in its tracks.
• Reminding you of upcoming bills and payments to ensure you never miss a due date.
• Notifying you when expenses exceed predefined limits to help you  maintain financial discipline.

8. Get the Help You Need, When You Need It

Running a business means you don’t always have time to hunt for answers. Mobile banking should make it easy to get support whenever questions arise. At Grasshopper, you have access to:

• A comprehensive Help Center full of guides, how-to articles, and step-by-step instructions.
• Frequently asked questions to quickly resolve common issues on your own.
• Multiple ways to contact Client Services, including secure message, chat, email, and phone.
• In-app support options that connect you to help without ever leaving the mobile experience.

Maximize Efficiency, Minimize Hassle

Whether you’re checking balances between meetings or scheduling payments from your desk, mobile banking can give you the control and confidence to manage your business finances effectively and with ease. Our mobile banking tools are designed to meet you where you are – so you can spend less time on banking and more time focused on growth.