{"id":293818,"date":"2022-03-24T15:42:28","date_gmt":"2022-03-24T14:42:28","guid":{"rendered":"https:\/\/nigerianfinder.com\/?p=293818"},"modified":"2022-03-24T15:42:28","modified_gmt":"2022-03-24T14:42:28","slug":"mobile-banking-what-is-it-and-how-to-make-the-most-of-it-in-2022","status":"publish","type":"post","link":"https:\/\/nigerianfinder.com\/mobile-banking-what-is-it-and-how-to-make-the-most-of-it-in-2022\/","title":{"rendered":"Mobile Banking: What Is It and How to Make the Most of It in 2022"},"content":{"rendered":"

In 2022, you can access many banking services right from your smartphone. Read this article to find out how exactly you can benefit from\u00a0 mobile banking!<\/span><\/p>\n

The popularity of mobile banking has been steadily increasing in the past few years. If you have a smartphone, you can use it to pay bills, send and receive money, check your balance and access many other financial services. Fees are very affordable and transaction rules are highly transparent. In this article, we’ll try to explain the essence and the primary benefits of mobile banking.<\/span><\/p>\n

How Does Mobile Banking Work?<\/b><\/h2>\n

Before the Internet became commonplace, people had to visit offline branches or ATMs of their banks to get cash, transfer funds to third parties, ask for a loan and use other services. Today, you can save a lot of time and effort thanks to using your bank’s site or app. As soon as you log in with your username and password, you get immediate access to a user-friendly dashboard. From there, you can carry out most operations without third-party help.<\/span><\/p>\n

Some services are also available through SMS. In this case, you don’t need to log in anywhere. You\u2019re able to use the phone number that is connected to your bank account.<\/span><\/p>\n

Is Mobile Banking Synonymous with Online Banking?<\/b><\/h2>\n

No. The term “<\/span>online<\/span><\/a>” means that you need to stay connected to the Internet to carry out financial operations. But you can use selected mobile banking services even when you’re offline \u2014 for instance, you can transfer funds to other people via SMS or USSD.<\/span><\/p>\n

Besides, the term “mobile” means that you’re using your smartphone. The term “online” suggests that you can use either your smartphone or a stationary computer to access the site or app of your banking institution.<\/span><\/p>\n

Main Types of Mobile Banking Services<\/b><\/h2>\n

Typically, you should get access to the following services:<\/span><\/p>\n