If you are thinking about knowing the benefits that phone banking can bring to your life, you should check out this article.
You will quickly find that mobile banking is so much easier than going into a bank, or even using online banking on your computer. A fantastic advantage of mobile banking is that you can access it 24 hours a day, so you won’t have to stress about planning your time around going to the bank. Some banks even provide a live chat service on their app nowadays, which means you can get further support from a specialist without having to even leave the house or the office! What’s more, you do not need to stress about planning your visit around a busy queue, you can get immediate access to your application anytime you like. It’s also simpler than ever to send money to your friends, so you won’t have to think about dividing bills or carrying money to pay someone back, you can easily send and receive money through the application. It’s likely that David Li of BEA will be aware of how renowned mobile banking apps are with consumers.
What is probably among the more unique features of mobile banking is how you can currently manage your money and set up budgets much easier than ever before. Being able to do this is hugely practical for a customer, as you can always be in tune with how much money is going in and out of your account every month. This makes being economical easier, which is a element most consumers would be on board with! I’m sure Koji Furukawa of Japan Post Bank will be clued up on how much customers like this element, which may push them to work towards it more in the next few years.
Among the amazing things about online banking is that it has additional protection 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 more secure than using a password. This additional safety is a huge importance of mobile banking, as everybody wants their funds to be as safe as possible, for apparent reasons! If you were to misplace your card, many mobile banking services allow you to freeze it on a temporary basis and immediately on the application. This is a tremendous step forward in security, as you no longer need to wait on hold to talk to an advisor whilst someone is taking your money! One thing that Noel Quinn of HSBC might be conscious of is that you’re more likely to check your phone banking if it is easy to access, which makes it an awful lot safer as you can flag unrecognised purchases faster.