We’re living in an increasingly mobile world, with Wi-Fi available almost anywhere, anytime. It’s no surprise that so many new services are now available.
Recent mobile technology makes banking and paying on-the-go accessible to almost everyone with a mobile phone for more convenience when it comes to managing money. Here are some frequently asked questions about mobile banking and payments:
What can you do with mobile banking and payments?
It may be new technology, but it enables you to complete almost all traditional banking actions and provides some new capabilities. With most mobile phones, you’re able to check your balance, track your spending, review your account history, locate ATMs, transfer funds, pay bills and receive text message notifications or alerts about your account.
What are the benefits of mobile banking and payments?
The best thing about mobile banking and payments is the 24/7 access it gives you to your money. Whether you’re checking a balance, making purchases or sending funds, you can do it wherever and whenever you want. There’s also a wide range of different providers, from traditional banks, digital-only banks, mobile phone companies, retailers and others, making it more likely you’ll find a product suited to your needs.
Is banking and paying on a mobile phone secure?
There’s a common misconception that managing your finances on a phone is risky. These assumptions are understandable given how quickly mobile technology has developed, but they’re often unfounded. Mobile banking is becoming one of the most secure and convenient ways to pay and transfer money, especially with features like fingerprint technology and face identification.
Overall, mobile banking and payments can make it easier for you to manage your spending and saving with 24/7 services.