Know The Standard Features Of Mobile Banking Apps

[Shashank Bhaskar]

Today's fast-paced world is surrounded by technology. We are accustomed to accessing almost everything at our fingertips. This has given rise to the popularity of Mobile Banking. Banks have been making improvements with every update to equip their customers better. As a result, you no longer need to visit the physical branches. Most banking activities get quickly completed through your handsets.

While most of us use online banking services, we are unaware of all the aspects involved. The same goes for the Mobile Banking app. This makes you miss out on its numerous advantages. You also compromise your security with the lack of awareness. Hence, learn about its basic features. Here are some common ones that most apps share:

Security: Banks ensure paramount safety standards in all their services. The same goes for an Android mobile app. Their apps come secured with multi-layer encryption and advanced cybersecurity. You usually have to go through a login procedure to access data. It involves using a PIN, biometric authentication, two-step verification, etc. You also get alerts about every activity to prevent fraudulent practices.

Account management: The main benefit of banking via mobile is that it eliminates the need to visit bank branches. It lets you monitor your Credit Cards, Debit Cards, and Saving Bank Account statements in one place. You also get to make fund transfers, bill payments, balance inquiries, etc., with ease. Hence, it is an ideal way to manage your account at your fingertips. It also lets you control your account's functioning without any intervention.

Customer support: Even though it is simple to use banking apps, having help handy is necessary. Banks take care of this by providing convenient means for customer service. These include virtual chatbots, toll-free customer care numbers, email support, etc. You can quickly locate them when you use the app. It is a valuable facility that provides assistance and guidance for making it accessible to everyone.

Trackable transactions: Almost every activity with your Saving Account is trackable via notifications. Banks maintain complete transparency to ensure security. They alert you about low balance, due bills, deposits, withdrawals, purchases, password changes, Debit Card withdrawals, etc. Additionally, you get to manually view this in the app by accessing the transaction history. Moreover, downloading the account statements gives you a detailed record.

Convenient interface: Banks understand the diversity of their customers. Hence, all their facilities are designed most simply. Regardless of your technical knowledge and understanding, you can easily use banking applications. They have a simple navigation system to guide you. Hence, there is no complexity to confuse you or compromise with your sensitive details. You also have 24*7 access to customer service if you need assistance.