Mobile banking

One of the development in the banking sector that I appreciate so much is the invention of mobile banking applications. This has made life and banking a lot more easier, fun and convenient for anyone that have a bank account with any bank in the world.

These mobile banking applications can literally do almost everything that one need to go to bank for apart from depositing money directly into your own bank account. But anything that ranges from payments of any kind of bills, sending money to anyone, etc can be done and dusted using these mobile banking applications.

I have 3 mobile banking applications in my phone which helps me to keep track of all my banking transactions which ranges from paying all my bills and sending money to my business partners, as well as sending money to my parents and siblings.

I've been using mobile banking as well as online banking and phone banking for about 15 or so years already and I think it's wonderfully convenient. I can pay my bills without leaving my home which means saving time and money. It also helps me in quickly confirming if transfers and payments have been credited or debited because I can access my balance online or through phone. It's a big help in doing International money transactions and it's safe too.

Yes I love mobile banking and I use it almost everyday. But I beg to differ.

Some of the disadvantages of mobile banking are:
Security.
Mobile banking users can receive fake messages regard disclosure of key financial details as hackers here pose as lead banks or financial advisors.
Mobile banking users assume the cost of smartphone or tablet device and the date cost that make their mobile banking possible.
The consumer may experience a change from the financial institution of using the service

This is exactly why I love the use of mobile banking, it makes everything that has to do with payment of bills very easy and convenient because just by one click on the application in the phone, you would save yourself the stress of going to bank to pay but stay in the comfort of your home and take care of the payment with ease.

This is quite true, with the use of internet in controlling and management of one's fund, this makes that money vulnerable to hackers and scammers if not being very careful, such money would be swindled.

Here, we always get text messages from our banks informing us to ignore any messages to disclose our banks account details for any reason whatsoever.

I have actually received all of these scam messages but have always been aware that they are thieves in disguise looking for who to steal from. They would always tell you that your Atm card has been disabled, that you need to call one particular number to help you with ratifying the problem. I would just laugh at them looking to steal from a guru when it comes to internet banking.

Most banks offer an online bill payment service that lets you pay bills electronically using a secure online account. You then designate the amounts and dates that you want to pay utility bills, credit card payments, loan payments, appointment fees and more. With the help of Mobile, Banking user can transfer funds, and pay bills, checking account balance, study your recent transaction, block your ATM card, etc. Mobile Banking is cost-effective, and Banks offer this service at less cost to the customers. Mobile banking allows a bank's customers to perform many, if not all, of the same transactions they would perform using a browser on their PC. This includes checking account balances, transferring funds, viewing transactions and statements, paying bills and setting up account alerts.

like being close to your money

You are very correct, mobile banking makes it easier for to keep a real time track and tabs on your money and make sure you are very aware on how any spending is done on your fund.