What People Want to Know About Online and Mobile Banking
If you think you’re the only one wondering what the best mobile banking apps are or what the difference is between online and mobile banking, think again. Here are a few concerns people have about mobile banking:
- What is mobile banking?
- Where can you find the best online mobile banking apps on the market?
- What are some mobile banking trends I should watch?
- What is the difference between online and mobile banking?
- Do I need a specific device to access mobile banking apps?
- What are the benefits of mobile banking?
- Is mobile banking safe?
What is Mobile Banking?
Mobile banking is banking online via a software application that is downloaded to your mobile device, such as your smartphone or tablet. Once the mobile banking app is installed on your smart device, you can easily look up your bank information. Mobile banking apps are useful for viewing your financial transactions and history, such as your account balance and recent withdrawals or deposits.
Mobile banking also empowers you to initiate transactions from your mobile device, such as depositing a check, scheduling bill payments, or transferring funds between accounts.
So, why is this important? Prior to the days of mobile banking apps, bank clients would more than likely have to call a toll-free number or physically go to their local banks to find out basic information about their accounts.
Some bank customers even had to wait until their statements were mailed to them in order to see their updated balances and all their transactions for the month.
Today, mobile banking customers have the benefit of receiving their updated information live and from their smartphone devices. In fact, control and convenience are some of the main benefits of mobile banking and using mobile banking apps.
What Is the Difference Between Online and Mobile Banking?
If you’re wondering if there’s a difference between online and mobile banking, you are correct. Mobile banking is primarily powered by apps designed to be used on mobile phones, tablets, and other mobile devices, while online banking is primarily banking used from a desktop computer or laptop.
With online banking, the banking customer more than likely will use a stationary computer device.
On the other hand, a mobile banking customer can look at the information wherever they go using some of the best mobile banking apps on the market. Mobile banking also includes websites that are optimized for mobile device use.