Have you heard of mobile banking before? Do you know how to set up mobile banking on any bank? If no then I will urge you to continue reading this article to find out about mobile banking and how to set up mobile banking.
Now that you are all set with a bank account you will want to use all the tools available to make sure you can track that hard-earned money.
The easiest way for even the busiest person on the go is to download your bank’s app onto your Smartphone, it is free and you will have access to your banking information right at your fingertips.
How to Set Up Mobile Banking On Any Bank
Many banks have apps you can download onto your Smartphone or tablet, allowing a tablet allowing you to access your bank account with just a few clicks. You can track your spending, pay bills and make sure that any deposits you are expecting went through.
While you cannot make cash transactions on the app you can deposit checks with your phone by using the camera. That’s a saved trip to the ATM.
Benefits of Mobile Banking
Banks have opening and closing times you can access your account 24 hours a day, seven days a week with mobile banking. You are also not going to have access to a computer at all times so it’s handy to have access to your money from your Smartphone.
Finally, you can set up alerts from your bank if there is suspected fraud such as someone using your account without your permission by text, phone call, or email. You can as well set up alerts if your account goes below a certain amount.
How to Set Up Mobile Banking
Most banks offer mobile banking services given that the mobile phone is the most easily accessible and widely used device among customers, it is convenient for them to carry out banking transactions through this medium. With these steps below you will be able to set up mobile banking:
Registration
Some banks require the customer to register for mobile banking by filling up a registration form and submitting identity proof with the form to a bank branch.
Mobile Banking App
The customer is required to download the bank’s mobile banking application from the app store based on the make and model of the mobile phone they use.
Activation Process
The mobile banking application downloaded needs to be activated by following a few simple steps. Some banks allow the customer to set a mobile banking PIN while others set a difficult MPIN as an SMS. The mobile banking PIN must be entered each time the customer wishes to access mobile banking services.
Login
After activation and entering the mobile banking PIN the customer has to use his net banking log-in ID and password to access the account.
Security
Each bank has different security features to ensure that customers have a safe, secure, and hassle-free mobile banking experience. There may be added authentications such as OTP, grid-based authentication, etc. to carry out mobile banking transactions.
You must bear in mind that the customer’s mobile number must be registered with the bank in order to access the mobile banking facility. To ensure security, it is advisable to not use the same PIN for mobile banking as well as ATM transactions.
