Net banking apps are becoming more popular than ever, thanks to the digitalization of the economy. More people are embracing the online mode of transaction, due to which the different banks have developed and launched their own applications for internet banking.
Here are some of the features that almost all net banking apps share.
1. Account creation
If you do not want to visit a bank to open an account, the only option that you have is to download the app of that bank and create the account online. This process is simple and instant. However, keep in mind, you will still need to present the photocopies of identity documents in order for the bank to verify your identity.
2. Bill payments
Net banking apps can be used to clear bill payments. These apps come preloaded with options of essential categories like electricity, gas and phone bills. All you have to do is click on the relevant category, select the company and pay. Furthermore, you can make credit card bill payments through the mobile app as well. These apps also allow you to automate the bill payment, which will further reduce the hassle involved with periodic payments.
3. Statements are electronic
Instead of paper statements that are liable to get displaced or damaged, when you use a net banking app for transactions, the invoice or receipt is digital and mailed to you. This will be easy to keep track off at the end of the month, when you are calculating expenditures and savings for that particular month.
4. Alerts for every transaction
Whenever a transaction occurs in your account, you will receive an instant alert of the same. This alert will also notify you of any irregular changes in your account, such as any unexpected debit of money. In such a case, you can get in touch with the relevant people to rectify the issue almost immediately, thanks to the banking app on your phone.
Similarly SMS alert services are also offered by the banks, but often these messages may get delayed. In some cases, the SMS may not arrive due to network issues or some other reason. However, when you turn on the alerts in the app, you can rest assured knowing that any change in the account will be notified to you.
The mobile banking apps offer the best features and the best deals. Furthermore, it makes handling your finances simpler and more convenient.
Here are some of the features that almost all net banking apps share.
1. Account creation
If you do not want to visit a bank to open an account, the only option that you have is to download the app of that bank and create the account online. This process is simple and instant. However, keep in mind, you will still need to present the photocopies of identity documents in order for the bank to verify your identity.
2. Bill payments
Net banking apps can be used to clear bill payments. These apps come preloaded with options of essential categories like electricity, gas and phone bills. All you have to do is click on the relevant category, select the company and pay. Furthermore, you can make credit card bill payments through the mobile app as well. These apps also allow you to automate the bill payment, which will further reduce the hassle involved with periodic payments.
3. Statements are electronic
Instead of paper statements that are liable to get displaced or damaged, when you use a net banking app for transactions, the invoice or receipt is digital and mailed to you. This will be easy to keep track off at the end of the month, when you are calculating expenditures and savings for that particular month.
4. Alerts for every transaction
Whenever a transaction occurs in your account, you will receive an instant alert of the same. This alert will also notify you of any irregular changes in your account, such as any unexpected debit of money. In such a case, you can get in touch with the relevant people to rectify the issue almost immediately, thanks to the banking app on your phone.
Similarly SMS alert services are also offered by the banks, but often these messages may get delayed. In some cases, the SMS may not arrive due to network issues or some other reason. However, when you turn on the alerts in the app, you can rest assured knowing that any change in the account will be notified to you.
The mobile banking apps offer the best features and the best deals. Furthermore, it makes handling your finances simpler and more convenient.
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