Switching To Mobile Banking? Enjoy These 9 Services

By Author: Shashank Bhaskar
Total Articles: 63
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Ever since the internet has taken over every industry, the banking genre has seen a major facelift. Before the advent of internet, people had to visit the bank personally to conduct different financial transactions such as checking account balance, moving funds, etc. For this purpose, they had to stand in long queues and wait for their turn to arrive.

Internet banking simplified the process by allowing customers to operate their transactions by sitting in front of their computer. Gradually it moved to mobile banking. You can now do any financial transaction at the tip of your finger. You also get to enjoy additional benefits.
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How does mobile banking work? 
All that you need to do is download the banking apps through their Android or iOS phones. You need to register separately for mobile banking. You must use your customer ID and password for logging in. Once done with the registration process, enjoy the following m banking services:
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1. Account access: Provide your user ID and password to access your account. Once you have this in place, you can carry out any transaction.  

2. Balance enquiry: One of the reasons why people frequently visited the bank was to update their passbook. This way they were aware of their current balance. One could then check the balance over ATMs. Now, people are convenient to check their balance over mobile net banking.  

3. E-passbook: Some banks have separate digital passbook mobile app that customers use to check previous dealings and the account balance. Other banks offer this as a part of the mobile app. So, ATM and bank visits have reduced drastically.  

4. Fund transfer: If there is one service that internet banking and mobile banking have provided you relief of is the moving of funds from one bank to the other. Interbank transfer involves charges. However, intra-bank transfers include no charges. This has enabled IMPS, NEFT, and RTGS transfers to be done quickly.  

5. Bill payment: You can pay your mobile, credit, and utility bills in a jiffy today. You can also schedule payments on a set date of the month and not worry about fees.

6. Branch locator: When you move to a new city or a different area, you may want to locate the branch. The banking app assists you with the same. They have a branch locator facility to help you find the nearest office.

7. ATM locator: Similarly, you would want to know where the nearest ATM is located for cash withdrawal. Open your m banking app and choose the ‘ATM locator’ option. You will find the exact location of the ATM within the vicinity.  

8. Account statement: You can monitor your account statement frequently. You can download the form in PDF or send it your e-mail ID.

9. Requests: You do not have to visit the bank for requesting passbook, cheque book, new debit card, credit card, apply for a loan, etc. Get them done easily on the banking apps.