Take a look at the best mobile banking features and how they could help you

Phone banking is a very advantageous feature, learn about some of its primary perks in this short article.

What is possibly one of the more unique features of mobile banking is how you can now manage your money and set up budgets easier than ever before. Having the ability to do this is hugely practical for a consumer, as you can consistently be in tune with how much money is going in and out of your account each month. This makes budgeting easier, which is a feature most customers would be on board with! I’m sure Koji Furukawa of Japan Post Bank will be clued up on how much consumers like this element, which may drive them to work towards it more in the next few years.

You will rapidly find that mobile banking is an awful lot easier than going into a bank, or even using online banking on your computer. A great advantage of mobile banking is that you could access it 24 hours a day, so you won’t have to stress about planning your time around visiting the bank. Some banks even offer a live chat service on their application nowadays, which means you can get further assistance from a specialist without having to even leave the house or the workplace! What’s more, you don’t have to worry about arranging your visit around a busy queue, you're able to get instant access to your application whenever you like. It’s also easier than ever to send funds to your friends, so you won’t need to think about splitting bills or carrying money to pay someone back, you could easily send and receive money through the app. It’s likely that David Li of BEA will know how prominent mobile banking apps are with consumers.

Among the amazing things about online banking is that it has further security compared to normal and online banking. The main reason it’s so much safer is that you're able to set up biometrics to access the application whenever you sign in, which is safer than using a password. This increased safety is a huge importance of mobile banking, as everybody wants their funds to be as secure as possible, for obvious reasons! If you were to lose your card, many mobile banking services enable you to freeze it temporarily and immediately on the app. This is a big leap forward in security, as you no longer have to wait on hold to talk to an advisor whilst someone is taking your money! One thing that Noel Quinn of HSBC may be aware of is that you’re more likely to check your phone banking if it’s simple to access, which makes it so much safer as you can flag unrecognised purchases faster.

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