8 Notable Features of a Mobile Banking App
The introduction of a mobile banking app has helped control our finance in a better way today. Today technology lets you do banking anywhere and anytime by transferring funds, monitoring your balance and getting alerts. Unlike the past, people need not spend hours waiting in the bank to fulfil their financial need.
With a banking app on yourmobile, you can manageyourmoney from home or office. Even entrepreneurs or business owners can use the current account app on their mobile and conduct unlimited transactions without wasting anytime.
A mobile banking app has turned out to become a primary way of interacting with your bank account, for the eight distinctive features it offers:
- Safe sign-in features
To have a mobile banking app and do transactions on your smartphone, one of the easiest ways is to download the relevant banking application available on the website of your bank. Amobile bank application is very safe and secure as it is designed with multi-factor authentication. This feature helps the customer to sign in in the safest way.
- Open a current bank account
As a businessperson, if you are looking for additional banking, you can open a current account to help serve your needs. The current account banking app features enable entrepreneurs and professionals to strengthen and grow their business. If you belong to any of the following categories, you are eligible for opening a current account:
- Resident individual
- Sole proprietorship
- Hindu Undivided Family (H.U.F.)
- Partnership
- Limited Company/Limited Liability Partnership
Small to medium-size businesses canenjoy multiple features with a digital current account.Some distinct features are asingle-view Internet and mobile banking platform, GPS-enabled banking, trade forex solutions, payment and receivable solutions, etc.
- Connect and accessall your bank accounts
With a banking app, you have instant accessibility to your different bank accounts on a single platform. This helps you check account balances and transfer funds between accounts easily.
- Open a digital saving bank account
The banking app on your phone helps you open a digital bank account online and enjoy several benefits. The eKYC feature helps upload your personal documents and identity proof safely.
- Make Investments and earn money from one place
The online mobile app gives you an opportunity to make smart investments in mutual funds, shares and gold. You can access different user-friendly tools of various financial services to maximize your earnings.
- Get Instant Loans
Whether it is a personal loan or a home appliance loan, you can avail itat a low interest rate. All you need to provide is basic information and submit a paperless application process online.
- Pay all your bills online
The significance of a banking app lies in offering convenient payment options to the user. You can now pay your bills instantly from anywhere using different payment modes like the UPI QR code.
- Get notifications and alerts
Once the customer signs in, the app inevitablysends alertsand notifications on every activity like money transfer, account balance, ATM withdrawals and deposits.
