I hate banks and not just because they messed up much of the world’s economies. I hate banks because they smell weird, have boring leaflets to read in the queue, and send me thinly-veiled threatening letters every few weeks. That’s why I use mobile banking applications. Apps tell me my bank balance without skimming my debit card, let me transfer money without leaving my bed and don’t offer me cheap pens that waste in an instant.
PayPal, being basically the ‘Internet’s bank’ in all but name, have an Android application that I use regularly. Almost all of my income flows through PayPal and much of the stuff I buy is bought online using it. Over the few weeks I’ve been using the application I’ve found it to be a great addition to my online account with PayPal. Much like mobile banking I can check where I stand financially in an instant and can transfer my income to my bank account the minute it’s received instead of forgetting like I used to and wonder why it’s taking so long!
It’s far from being the perfect application however; and if any PayPal developers are reading this, I’ve a few suggestions.
I know that as a student, I like to know exactly how much money I’ve got in my account when I’m out and about. But having to log into your online banking portal via your browser can be a bit of a pain every time you want to check your financial affairs. Managing your finances, however, using your Android phone means you can update your account statements immediately giving you more control over your budgeting and a clearer overview of what you have and, more importantly, what you can afford to spend.
There is a wealth of personal financial software out there on the Market; these are my five personal favorites. (more…)