With a new mobile app, the Maryland-based bank now offers more business banking technology than most other D.C. Metro-area mid-size banks
Capital Bank, N.A., a mid-size bank with a reputation for supporting the growth of Washington, DC-area mid-market businesses, has rolled out an integrated mobile app to enhance clients’ banking experience. Mobility is an important consideration for companies searching for a bank with technology solutions – only about two percent of community banks offer apps for small-to-medium size businesses, according to American Banker.
Though the largest banks have mobile business apps, they usually support corporate clients. Apps for small businesses may be rare due to security concerns and the ability to approximate a user experience close to what consumers are used to, says American Banker. The Capital Bank business app places security at the top of the list. Users go through authentication for every money movement transaction as well as other interactions within the app. Business Mobile Banking users will be able to set alerts for push-through notifications, initiate transfers and Positive Pay as well as notify account holders of approvals.
“We serve our clients by giving them tools that make the business of managing their business easier and more convenient,” says Scot Browning, President of Capital Bank. “And today that means digital tools that give our clients greater access to their finances through technology, which are time-savers to small business owners already stretched to their limits.”
Creating a business mobile app is more complicated than a personal banking app, due to the levels of security and access. It also has to match multi-faceted business needs yet still be relatively simple to use. Capital Bank’s business app allows business owners to maintain an overview of finances by checking account balances and transactions at a glance, to transfer funds among accounts to manage cash flow and to pay money out.
Capital Bank Business app is available for Apple and Android devices. It is downloadable from the Apple store and Google Play and is free to Capital Bank online banking business customers.