An App Won’t Finance Your Dream

• < 1 min read

Man holding a mobile phone displaying a mobile banking app.
Digital banking is great, but sometimes you just need to talk to a real banker who can help make your dream project a reality, whether it’s a second home or business venture.

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Man holding a mobile phone displaying a mobile banking app.

Folks are hearing a lot about digital banking these days, but what exactly is it? One definition means the availability of all banking activities online. Seven out of 10 Americans prefer to do business this way—via phone apps or their bank’s website.

Most digital banking features fall into two categories: essential features and features of convenience. Essential features are those you often use like checking balances, depositing checks and transferring funds. Convenience features are useful tools that aren’t used as often, such as peer-to-peer payment, finding nearby ATMs and budgeting/tracking tools. In a digital banking experience, there is almost no human interaction, which works well in most cases.

But still there are times when working with a live banker can prove valuable if not profitable. He or she can help solve complex problems and answer questions not easily addressed in a digital experience. AMG runs into that frequently, particularly with clients who have banking needs outside their home states. From second home construction to purchasing industrial property to developing an entire planned community, AMG can help its clients rapidly and efficiently finance their projects and dreams.

This information is for general information use only. It is not tailored to any specific situation, is not intended to be investment, tax, financial, legal, or other advice and should not be relied on as such. AMG’s opinions are subject to change without notice, and this report may not be updated to reflect changes in opinion. Forecasts, estimates, and certain other information contained herein are based on proprietary research and should not be considered investment advice or a recommendation to buy, sell or hold any particular security, strategy, or investment product.

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