Question of the Day (UPDATED): How many of the top 10 Financial Apps can you Name?

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May 19, 2020
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Question of the Day, Checking Accounts, Budgeting

Here's the leader board as of 5/17/20 (from SimilarWeb):

Questions: 

  • Do you have financial apps on your phone?
    • If so, which do you use most often?
    • If not, why not? 
  • What are the pros of cons of using your mobile phone to manage your bank account?

Here's the ready-to-go slides for this Question of the Day that you can use in your classroom.

 

Behind the numbers (from Forbes):

As more payments take place electronically and bank branches slowly disappear, your mobile phone is an increasingly important piece of financial real estate.

Cash App remains at the top of the chart Zelle is considered a worthy competitor.

"The peer-to-peer payments market is booming, with consumers sending each other billions of dollars through digital apps. 

One company that is capitalizing on the trend is Zelle, the digital payments company owned by Bank of America  BB&T, Capital One, JPMorgan Chase, PNC Bank, US Bank, Citibank, and Wells Fargo. Earlier this week, Bank of America said it has record-breaking P2P payments use with its activeZelle customers already completing more transactions this year than all of 2018."

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Give your students an opportunity to learn more about mobile banking and apps through the FinCap Friday: Peer-to-Peer Apps Go Head-to-Head

About the Author

Mason Butts

After graduating from UCLA with a Master's in Education, Mason spent 5 years as a science educator in a South Los Angeles public high school. He is committed to supporting the holistic growth of all students and empowering them to live a life of relational, academic, and financial success. Now settled in the Bay Area, Mason enjoys facilitating professional developments and partnering with educators as they prepare students for a bright financial future. When Mason is not building curriculum or planning a training, he can be found cycling, trying new foods, and exploring the outdoors.