Hesitant To Use Mobile Banking? 5 Reasons Why You Should Switch To It

By Author: Neha Sharma
Total Articles: 243

"The banking landscape has changed entirely with the advent of digital technologies. Visiting the bank branch for getting work done is now turning out to be absolutely unnecessary especially with internet banking and now mobile banking. For many customers, the switch to internet banking is seamless.

Mobile banking is equally convenient and seamless like internet banking. However, many customers are often on the fence about using a bank money transfer app for their banking transactions. Mobile banking is the use of a mobile application to conduct banking transactions which would otherwise have been done in the bank branch or on the bank website. With almost all major banks having an official mobile banking application, it is time to use mobile banking for regular banking transactions.
Here are 5 reasons why you should use mobile banking:

1. Secure:
Most banks provide two step authorized logins to their mobile banking applications. The customer has to input not only the customer ID but also a PIN. Banks also frequently prompt the customer to change their passwords thus providing in built protection. Mobile banking is quite secure and app safeguards can prevent unauthorized logins in the app.

2. Convenient and simple to use:
Mobile banking is extremely convenient and simple to use. The user interface for these mobile banking apps is simple and well structured, even for a layman. The app prompts the user before a transaction is completed which gives the user an option to cancel it in case the transaction happened by mistake. Banks also have instructional videos and literature online on how to use mobile banking applications for beginners.

3. Range of transactions:
If you’re wondering how to transfer money online, then you can use mobile banking. Mobile banking can be used to transfer funds using NEFT, RTGS, IMPS, UPI. It can also be used to check the account balance, download a statement, pay utility and credit card bills, open fixed deposits etc. This makes it very useful.

4. Mobility:
Mobile banking enables the user to use it no matter where he is. There is no need to physically be present in front of a desktop or laptop. Mobile banking apps are specially designed to operate at lower speeds of internet which is optimized for people who want to use the app while travelling.

5. Accessibility:
A mobile banking application gives you access to important details about your account at any point of time. Since most users are always with their mobile phones, this saves time and also provides the required information quickly.

Author Bio:- Neha Sharma is an aspiring student in the field of finance. She spends her free time reviewing the latest apps introduced into the market. Check out her work as she provides reasons to switch to bank money transfer app