Looking at 5 features of an easy-to-use mobile banking app

1. Looking at 5 features of an easy Looking at 5 features of an easy- -to to- -use mobile banking app use mobile banking app Banking has become easier and seamless thanks to the easily accessible digital banking facilities. Banks provide this user experience through their mobile banking apps. They have all the essential digital banking features in a single package and make it readily available as an app in the smartphone OS app stores. One of the basic features that banks provide is the facility to open a bank account through the app. Search the phrase ‘online open bank account app Google to know which banks provide this feature in their online banking apps. Once you ran this search online, read further to know what other features you should expect in an easy-to- use e-banking app. online open bank account app’ on 1. 1.Simple and secure login feature Simple and secure login feature A good mobile banking app would have a simple and secure login feature to keep ill- intentioned people from accessing their client’s bank account. Most banking apps achieve this by providing password feature. Some banks offer it through an even better feature—biometric authentication. This method allows access to the app only if the person’s fingerprint or eyes matches with the same in its database.

2. 2. 2.Equipped with ban Equipped with bank account management facility k account management facility A good e-banking app would be equipped with a one-stop shop for the client to manage the bank account and the money in it. It would have a feature for the client to handle his FD, RD, mutual funds and other investment portfolio from his fingertips. The client would be given the choice to manage the amount of money in different investments of his portfolio. QR code payment facility 3. 3.QR code payment facility The best e-banking app would have a QR code facility—the ability of the app to scan a merchant’s unique QR code and transfer the money the client owes to that merchant to his merchant account digitally. This feature keeps the client from the fuss of having to handle money and coin-change while shopping at a market or a mall. 4. 4.ATM and bank branch ATM and bank branch locator locator In some regions, merchants use the traditional way of managing payments, either out of choice or necessity. In such a case, paying money digitally to a merchant is not an option. So, a good mobile banking app mobile banking app would have a feature for the client to locate the ATM or a bank branch nearest to his current location, withdraw cash from there and pay the sum the client owes to the merchant. 5. 5.AI AI- -based chat based chat- -bot bot Not all clients are tech-savvy. The elderly people, most often than not, find difficulty with digital banking. They may not be able to use the e-banking app to its full potential. To help them get their way around the app easily, the best e-banking app would have an AI-based chatbot feature—an assistant to help people when they are not able to use the app the way they are supposed to.

3. So, these are the 5 features to look for in a good mobile banking app. Please visit the nearest branch of your bank to know the features of their e-banking app. Have a nice day!