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February 1st, 2013 |
You may already be planning to watch or attend Super Bowl XLVII on Sunday, February 3rd in New Orleans, LA. It is estimated that over 179 million people will tune into one of the nation’s most watched events on television, according to a survey by the Retail Advertising and Marketing Association, a division of the National Retail Federation, conducted by BIGinsight. In addition to the enormous number of people that will watch the game, fans are also planning to spend big! Below are some statistics from the Retail Advertising and Marketing Association about expected consumer spending habits surrounding the Super Bowl this year:
While you’re shopping for items to help you enjoy the game, keep the following tips in mind for managing and saving your money, and safeguarding your information.
Mobile banking allows you to monitor your accounts carefully when you’re on the go. If you’re shopping or traveling for the big game, it’s helpful to be able to monitor credits and debits to your account in real-time and obtain up-to-the-minute account balances – and best of all, it can be free!
Additionally, mobile banking allows consumers to take advantage of a number of benefits, including the convenience of checking their balances instantly and the ability to pay bills or to make account transfers without having to log on via the Web. By entering a password and making a few clicks, you can take care of basic banking transactions regardless of where you are located.
Mobile banking can also be a more immediate and interactive experience than online or in-person banking. Some banks offer text banking and mobile browser banking. Text banking may allow you to view account balances and recent activity on the go. Mobile banking can offer those features in addition to searching for transactions, paying bills, transferring funds, and locating the nearest branch or ATM. In most instances, logging onto your bank’s Web site over a cellular network loads a mobile-specific version of the site designed to load quickly and efficiently over your wireless connection.
Consumers traveling for the game can also schedule future payments ahead of time so they can enjoy their trips without having to remember to access their account.
To provide a faster experience and greater security, a number of banks have developed mobile banking applications designed to run on smartphones. These bank-sponsored applications allow customers to log on and check their balances, make payments or transfer funds between accounts over cellular networks or Wi-Fi connections. Because the applications match the banks’ interfaces and offer a number of security features, customers can be assured they are interacting with their banks and conducting transactions safely.
As of January 27th, merchants can tack on a processing fee to the purchase price for credit card transactions in most states. Maryland and Virginia currently do not have a ban on surcharges, but fortunately, the fee cannot be added to the purchase price of debit card transactions. Whenever possible, use your debit card instead of your credit card to avoid paying extra when you shop for food, drink, decorations and entertainment systems for the game.
Many fans like to purchase apparel and accessories sporting their favorite team. When shopping online, always check site security to protect your information. Secure websites use encryption technology to transfer information back and forth from your computer to the website’s server. Encryption scrambles the information you send so it cannot be intercepted and stolen. Here are a few ways to know if a site is secure and using encryption technology:
Keep in mind that transferring data to and from a secure site may not protect you if you are accessing the Internet through an unprotected network. Only transfer personal or confidential data when you are sure the network you are using is protected and safe.
No matter what you’re planning for Super Bowl Sunday, you can still effectively manage your finances, stay on budget and protect your information while getting what you need for the exciting event. For more information on mobile banking with Sandy Spring Bank, visit https://www.sandyspringbank.com/personal-banking/mobilebanking.aspx.