With the intrusion of internet and then mobile, the banking sector is constantly evolving. The era of digitization is commenced with online banking. Lately, the mobile banking has taken the banking sector by storm. Though online banking has provided end users the revolutionary banking services, mobile banking has taken this revolution a step ahead. Now you don’t even require a laptop or desktop to pay your bills or transfer money. You can do all these just with your smartphone anytime and anywhere on the go. However, there are speculations that mobile banking is not safe though the banks assure that their apps are highly secure. Speculations apart, mobile banking definitely offers easy banking with many advantages. Discussed below are the top 5 advantages of using mobile banking.
No Extra Charges
Most users are reluctant to use mobile banking as they think it involves extra charges. Mobile banking services do not involves any extra charge. You can use the services free of cost. You can also use access your account any number of times. You can avail banking services like account balance inquiry, credit/debit alerts, Bill payment alerts, money transfer, and transaction history.
The most appealing feature of mobile banking is the easy access to the banking services anytime and anywhere beyond boundaries. You can use all the banking services in your smartphones on the go. Whether you want to check deposits, transfer money or monitor transaction history, everything is available in your fingertips. You just need to login to the mobile banking app and you are ready to use the banking services.
Many people still have the perception that mobile banking is not secure. But in reality it is even safer than online banking. For mobile banking, you need to download the app from server directly. And the data do not get stored in the mobile or SIM card. Mobile banking app download is safe as it is equipped with advanced encryption technologies. Mobile banking is safe banking is the message you need to spread.
Ways to Access Accounts
Mobile banking provides you the multiple ways to access accounts such as texting, mobile browsers and downloadable applications. You can easily make use of all the ways to access your account anytime and anywhere just with your smartphone. Therefore, you don’t have to wait to reach your office or home to access your account. You can access anytime on the go whether you are travelling or in an appointment with your clients.
Easy Integration with E-Wallet
In the era of digitization, e-wallet is widely used to pay money anywhere, be it shopping, grocery or bills. E-wallet has become more popular than credit or debit cards. With mobile banking, using e-wallet has become very convenient. You can easily transfer money with the help of mobile banking to your e-wallet. So, you don’t need to login into your online account to transfer money. It is just at your fingertip to transfer the money to your e-wallet.