Almost 80% of Americans use some form of mobile payment such as PayPal, CashApp, Venmo, and other similar peer-to-peer payment apps. They are easy to use, quick, and they transfer money almost instantly. Perfect, right? Well, not so fast.

Did you know that those simple transfers are easily misused, nonreversible, and offer extremely limited protections against fraud and scams? Formal complaints about these services are quickly on the rise. And until these companies match their security measures with their ease of use, they can be risky for consumers.

It turns out that the most protected, most simple form of peer-to-peer payment can be found right in Mechanics Cooperative Bank’s Mobile Banking App!

You can access our app easily on your smartphone, but our app does not stop at its ease of use. It is also a great way to ensure that your money goes where it’s supposed to go, when it’s supposed to go there. While apps such as Venmo seem straightforward, in the long run having all your money managed in one app backed by your financial institution is the most secure way to go.

Mechanics Cooperative has implemented several key security features in our Mobile Banking app, including utilizing a unique activation code, 128-bit encryption for all transactions, auditability, and more!

We will also never ask for or return any identifiable information through text message; you will never receive a text from us asking for information such as your email address, personal address, or full account number.

Mechanics Cooperative Bank is proud to not only serve our community and our members, but also to keep you and your information safe! Visit our Mobile Banking App website page today for more information about our Mobile Banking app!