What is mobile banking, how to use it and how is it different from online banking

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monira444
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Joined: Sat Dec 28, 2024 4:36 am

What is mobile banking, how to use it and how is it different from online banking

Post by monira444 »

Mobile banking is one of the options for remote access to bank services. And if a few years ago this meant mainly opening deposits and savings accounts, today you can remotely submit applications for credit products, reissue cards, order the necessary documents, and so on.

Usually, it is enough to download the application – mobile banking will be available after authorization. In most cases, a card or previously received identifier is required for this. However, many banks make registration and authorization available even to users who are not their clients.

What is mobile banking
Mobile banking is an analogue of the personal account of an jiangxi mobile number database Internet bank, placed in the official application. The programs received powerful development about 7-10 years ago and since then their functionality has become much broader. If initially users could only perform the simplest operations through the application, now they have access to the absolute majority of services provided in offices.

Moreover, many banks are developing special versions of applications for certain audience categories – for example, for legal entities and individual entrepreneurs, VIP status holders in loyalty programs and corporate clients.

Advantages of mobile banking
Its functionality is often compared to the capabilities of Internet banking, which is not entirely correct. Firstly, the options of the desktop and mobile versions of the personal account usually duplicate each other. Secondly, nothing prevents a client of a financial institution from using both options for accessing its services.

Therefore, it is worth considering the advantages of mobile banking without comparing it with Internet banking. Among them:

Access to remote services . You can download the mobile bank for free. Moreover, using it is often more profitable than contacting the office for services. Many banks do not charge commissions and provide better conditions for products in the application - for example, they increase deposit rates for "mobile" users.
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