With mobile banking, you can operate your bank account through your mobile device. It can be your smartphone or even a tablet. Mobile banking provides various benefits to the users such as ease in handling bank operations and secured banking transactions.
You may feel irritating to visit bank each time for updating your passbook, paying your utility bills or transferring money to your friend or relative. It follows a typical and tedious routine of taking out your vehicle, going to the bank, filling out specific forms and waiting in long queues. But with the advent of mobile banking, there is no need to be tedious and outdated.
Now, you can easily know you account balance through your smartphone sitting in the office. You can pay your utility bills while travelling in the local bus. You can transfer money to your needy friend or relative while watching movie in a theater. This is all possible with the mobile banking application. Let us now go into detail about the benefits of mobile banking.
Possible with telecom facility
You need not have a separate internet connection for performing mobile banking. The mobile connectivity of the telecom is utilized for banking purpose. Hence, unlike laptops, you are not required to obtain internet connection for accessing your bank account details.
Ways of mobile banking
It is true that you need a mobile device for banking purpose. But how are you going to actual do the mobile banking process? Well, you can text for receiving message of your account balance. You may call the banking officer at the customer care center of the bank. The officer will guide you how to access your account or in the case you have lost your debit card. You may log onto the bank’s official website through your mobile and perform the transactions such as transferring money. Now-a-days, most of the banks have introduced apps for mobile banking. It is the most convenient way as you can save your valuable time. And apps are in for mobile users these days, right!
Banking transactions
You can perform numerous banking transactions with the help of mobile banking facility such as knowing your account balance, transferring money within or to other banks, opening of fixed deposit or recurring deposits, demanding cheque book, stopping payment of a cheque and the list is endless!
You are at your hometown and want to know the whereabouts of an ATM. There, the mobile is at your prompt service! You can pay, invest, and transfer money easily and quickly!
Availability
You can access mobile banking facility at anytime during day or even at midnight. Mobile banking never sleeps! You can access your bank account from the rural areas of the country.
Security
Instead of accessing your bank account through personal computer or laptop, it is always recommended to do it from your mobile device. It is more secured than the internet banking.
Thus, after understanding all the benefits of mobile banking, why not avail the facility? It will surely lessen the number of visits to the bank and the efforts required to do so.
Mobile banking is the future. The brick-and-mortar banks will cease to exist sooner or later. The plethora of functionalities which come up in banking facilities has made life easier and more secure. It also showcases India’s technological prowess. The best feature is 24X7 information capabilities of mobile banking. Indeed its a boon to the people
Mobile banking is a revolution in the world of banking. An amazing article that helps you acknowledge the benefits of mobile banking. It doesn’t only helps in easy accessibility but also offers a number of applications for your smartphones. Now people have more control over their money. But everything that is amazing has its cons too. Mobile banking has made people more vulnerable of being hacked and duped. Not to worry! It is 99 percent in the hands of the users to keep themselves safe. Use your common-sense and you are good to go.
Mobile banking basically means operating your bank account with your fingertips from your mobile phone from wherever you may be. Mobile banking has indeed created a revolution and eased many of our troubles. You can transfer money, pay your bills, order new cheque books and can do many other banking operations. However, one must not forget about the risks associated with it; there are many criminals waiting to ambush you with their fraudulent tricks to snatch your money. So, you must be careful where you click. Always make sure that the party you are dealing with is genuine.