Not long ago, if you wanted to bank, you had to go to a bank branch. This would often involve waiting in long queues. But today, people are constantly on the go with appointments, errands, and activities that leave little time for traditional banking tasks. That’s why mobile banking is such a convenient solution, as you can now do your banking from the comfort of your own home. All you need is a smartphone with an internet connection, and you can access your account 24/7.
Here are the top 4 reasons why it is easy to bank on your mobile these days.
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1. Mobile banking apps offer 24/7 access to banking services
Banking on mobile is easy because it offers 24/7 access to banking services. You can transfer funds within seconds, check your account balance, set up standard instructions, request a new chequebook, initiate money transfers and even apply for a bank account online at any time of the day or night.
Moreover, most banking apps offer a user-friendly interface, so you can quickly find the information or service you need. And if you have any questions, most apps allow you to contact customer service directly through the app via chat or call.
2. You can enjoy numerous banking facilities from one place
When you bank on a mobile, you have a lot of features and controls at your fingertips. For example, IDFC FIRST Bank Mobile Banking app allows you to view all your past expenses and manage upcoming expenses. The app also allows you to set up reminders for upcoming bill payments and loan EMIs so that you never miss a payment and prevents late fees from accruing.
Plus, with the auto-payment feature, you can sign up for automatic payments of your monthly obligations, such as utility bills or loans EMIs and these payments will be deducted from your bank account automatically.
3. Mobile banking apps allow users to handle their investments
With a mobile banking account on your smartphone, you can also make investments with just a few taps. For example – IDFC FIRST Bank mobile banking app offers users to invest in different financial products in order to grow their wealth. You can open a fixed deposit account in 2 minutes, invest in mutual funds with as little as Rs. 500, as well as buy stocks, bonds, and several other instruments.
4. These apps can help in locating the nearest ATMs
Most banking apps have a built-in ATM locator that can help you find the nearest ATM. Simply open up your app and look for the ATM feature. Then, enter your current location (state and city) and the app will show you a list of nearby ATMs. This can be a useful feature if you need immediate cash but are unsure of your surroundings or are travelling to a different city.
With more banks offering mobile banking, taking care of your banking tasks has never been easier. You can easily download a new mobile banking app in just a few minutes and start managing your finances anywhere, anytime. And with security features like biometrics and two-factor authentication, you can rest assured that your finances are secure.