5 Basic Yet Helpful Features Of Mobile Banking

Posted on: Sep 20, 2021 Publish By: funerallink
funerallink blogs

Have you purchased something on the Internet? Have you tried paying your groceries or bills using your mobile phone?

Technology is getting better and better each year. One of the things that it gives us is convenience. Although mobile banking has been around for years, people started to notice its importance during the pandemic. Many brick-and-mortar businesses were forced to adapt contactless transactions while others transitioned from offline to online business.

For business owners, are you still doubting whether or not you accept online payments? For individuals, are you still uncertain about mobile banking?

Five Basic Yet Helpful Features Of Mobile Banking

Here are five basic features of mobile banking yet so helpful:

  1. Instant update of account: Say goodbye to the long queue at the bank, you simply have to create an account to your bank’s website or mobile app, link your bank account, and that’s it. Instantly, you will see where your money goes or when your fund comes in. Most of the bank has a straightforward interface that anyone can quickly learn to navigate them.
  2. Fund transfer: Need to deposit or transfer money to your account or third-party account? No problem! You can do so through your mobile phone or computer. Third-party fund transfer might have a minimal fee; it is small compared to waiting for hours at the bank and your commute.
  3. Bills payments: Many merchants partnered with payment centers saving you time. Similar to paying bills through your bank, you have to pay a convenience fee. The best part of paying your bills through your bank is setting a schedule or alert. That’s pretty convenient! 
  4. 24/7 access to the bank: You are no longer dependent on your bank’s banking hours or day. Access your bank any time of the day.
  5. Transaction history: It’s essential to track your money. With mobile or online banking, you can instantly check how much money has been credited or debited to your account. Please note that details of the new transactions might take 24 hours to appear on your account, but you can already see that there is a new transaction at a particular time.

If you are still uncomfortable doing online or mobile banking, the best alternative is to use a mobile wallet that allows you to pay bills, send money, shop, and a lot more. The three popular and trusted mobile wallets in the Philippines are GCash, PayMaya, and Coins.ph.

GCash, for example, allows you to pay bills, instantly transfer money to another GCash account or a bank, buy loads, receive funds from PayPal, and a lot more. If you are an Angelica Life Plan policyholder, you can now pay your policy through GCash. Simply go to the bills, look for CCLPI (Cosmopolitan Climbs Life Plan, Inc.), input all the required details, the amount you need to pay, and tap confirm. You will then receive a confirmation text message from GCash whether your transaction is successful or not. 

Funerallink is also adopting this change in finance. Soon, you will be able to book and pay for a funeral service online. Through this process, there is no need to leave your family. You can do all the transactions on your mobile phone.

Technology will continue to evolve to make life a lot easier. There might be some consequences to it, such as your security. It is essential to be vigilant. To keep your accounts secure, here are some simple tips:

  1. Constantly change your password and do not share it with anyone.
  2. Apply OTP (one-time-password) to your account.
  3. Do not easily believe in text messages asking for money, PIN, password, or OTP. 
  4. Do not open URLs or attachments sent to your email.
  5. Always verify the sender both SMS and email.

Mobile banking and wallets are here to stay. Banks and financial corporations are doing a tremendous effort to make your account secure. With the given tips above to keep your money safe, there is nothing to worry about.

Related posts

Pre-paying Funeral Services In The Philippines

Life, in general, is just about paying taxes and death.…

READ MORE
Date: March 12, 2019POSTED By: Funerallinks
funerallink blogs

Living Life After a Spouse’s Death

Losing a life partner takes one of the heaviest physical,…

READ MORE
Date: August 2, 2021POSTED By: Funerallinks
funerallink blogs

Do’s and Don’t’s of Food Prep in A Beloved One’s Wake

Filipinos love food. Because of this admiration and fondness, food…

READ MORE
Date: March 11, 2020POSTED By: Funerallinks
Share via
Copy link
Powered by Social Snap