Make holiday gift giving easier in a digital world

November 01, 2023

More and more people are using their mobile phones to pay bills, make purchases and even give gifts. Here are some fun (and easy) ways you can use digital banking apps to share joy and good cheer this holiday season.

If you can’t travel to see your family and friends over the holidays, your phone might be the best way to stay connected. But did you know it’s also the preferred way to give a gift? According to Zellepay.com, sending money through person-to-person apps is preferred by 38% of respondents while 36% say they plan to give a physical gift.

Here are some other ways digital banking apps can help make the holidays brighter:

  • Use it to split a bar tab: If you’re going to a holiday cocktail party with friends, it can be awkward when the check comes. But using a digital wallet can make paying your portion easier and less stressful. 
  • Use it to split the cost of a group gift: Four out of five consumers have split the cost of a gift with someone else and that trend is likely to continue. 
  • Give the gift of cash: More and more people say they prefer the gift of money and plan to spend it on experiences, bills and personal spending. 
  • Shop for locally made gifts: Support local artists, restaurants and other small businesses by using your digital wallet to buy one-of-a-kind pieces, services or gift cards. 
  • Use it to tip a service provider: An easy way to say thank you to your dog walker, hair stylist, gardener and paper boy is to give them a digital tip or bonus. 
  • Send money to your favorite charity: Make your money count for double by donating to a charity in your loved one’s name.

 Holiday gifting for businesses

Business owners and managers can get in on the benefits of digital gifting too. Celebrate staff by gifting them money at the holidays and build a reward program for customers to show your appreciation.

The holidays can be a wonderful time of year, but it can also be a stressful time. Using digital banking apps can lessen stress by making the shopping experience simpler and easier.
 
In addition to making payments, viewing transactions and account balances, most mobile banking apps will let you set notifications that alert you when your balance drops below a certain level or when a withdrawal is made. That way you can stay on top of your holiday budget. And if you still get cash or a check in your holiday card from grandma, you can deposit it into your account by snapping a photo of it on your device.
Read on for more ideas about how to give a financial gift. 
 
Download the U.S. Bank Mobile App to start using Zelle®. The app and the U.S. Bank Smart Assistant are available in the language you prefer. Just open the app menu, select settings and go to Language to choose English or Español.

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