Uses Of Mobile Banking.Under e-banking, the customers can deal or pass orders to their banks through mobile phones / phone without visiting the bank. The customers can check their account balances, and make various payments by sending SMS (Few required the voice) through mobile phones I phones. Mobile phone / phone banking services are available to customers round the clock.
10 Uses Of Mobile Banking You Must Know
Mobile banking refers to the use of a mobile device to perform financial transactions and manage bank accounts. Here are some common uses of mobile banking:
- Checking account balance: Mobile banking allows you to check your account balance anytime, anywhere.
- Transferring money: You can transfer money between your own accounts or to someone else’s account using mobile banking.
- Paying bills: You can pay bills like utility bills, credit card bills, and other bills using mobile banking.
- Depositing checks: Some banks allow you to deposit checks by taking a picture of the check using your mobile device.
- Applying for loans: You can apply for loans like personal loans, home loans, and car loans using mobile banking.
- Managing investments: You can buy and sell stocks, mutual funds, and other investments using mobile banking.
- Setting up alerts: Mobile banking allows you to set up alerts for account activity, like when a transaction is made or when your balance falls below a certain amount.
- Finding ATMs and branches: Mobile banking can help you locate nearby ATMs and bank branches.
Overall, mobile banking offers convenience, flexibility, and ease of use for managing your finances on the go.
