Top 5 Mobile Banking Features That Makes Banking Easy For You - Home Credit Blogs

Top 5 Mobile Banking Features That Makes Banking Easy For You

mobile banking

In Today’s digital era, our expectations from banks have changed. Banking now-a-days has become instant, thanks to mobile banking. It is an important part of our lives and is one of the most convenient methods of transacting with your bank. It not only is time saving but also reduces the cost of transactions by reducing customer’s need to visit the bank branch. Mobile banking apps offer amazing apps with features like money transfers, bill payments, recharges, loans, investment instruments etc.

In short, Mobile banking is a service provided by your bank that allows you to make financial transactions remotely using a smartphone or tablet. It is only dependent on the availability of an internet connection.

Today, we’re going to explain some of the features mobile banking offer. So, here we go…

  1. Account Details: Mobile Banking enables you to access your account details like account balance, account statement, cheque status etc. From the convenience of your home, you can access and manage your bank account.
  2. Funds Transfer: Mobile Banking allows you to transfer money to your friends and family anytime and from anywhere without visiting a branch or an ATM. And here’s the best part, it is instant.
  3. Fixed Deposits: You can open a fixed deposit and move your funds for a fixed duration. Now opening and closing FDs is easy and at your fingertips. Save money and earn interest on your savings without stepping into a branch.
  4. Bill Payments: No need to visit an office to pay your utility bills like water bills, electricity bills, phone bills etc. Simply log on to your Mobile Banking App and pay your bills instantly.
  5. Secured 24X7 Access: Mobile Banking is a secure method of making instant online transactions without the need for cash or visit to a bank branch. Access to mobile banking is available all the time, at your convenience.

How to use Mobile Banking?

Here are a few simple steps which can help you use Mobile Banking:

  • Request your bank to activate mobile banking service for your account
  • Once the Mobile Banking is activated for your account, download the Mobile Banking App offered by your bank from Google Play Store
  • Enter your account details and phone number for the validation of your information
  • Setup Mobile Banking PIN to access Mobile Banking App on your mobile phone
  • Open the App and enter PIN to access the App dashboard

Please note that every bank has a different security procedure. This includes OTP, PIN, Passwords etc. For all of the above features, we suggest you contact your Bank for specific instructions. We wish you a safe and convenient banking experience.

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