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Mobile Banking: Become More in Control of Your Finances

Author: pmcindoe  |  Category: Personal Finance
Published: February 8, 2009

If you think about how frequently you carry your mobile phone, you can use this as a basis to evaluate how frequently you could also sign into your bank account via mobile banking. No matter where you are, you can always find out about your finances if you opt to use mobile banking. In fact, this modern method of financial know-how has become very popular with consumers in recent times.

Mobile banking is essentially an application that you download onto your mobile phone. And once you’ve downloaded the necessary requirements, you can then begin to enjoy the benefits of banking whilst on the move.

You can transfer money easily between different accounts which make it easier to ensure you always have enough money available, especially when you need it most. You will also be able to see an up-to-date account balance, whilst it can also be possible for you to view the last six transactions made. And with this degree of accessibility, you can easily keep track of your spending; avoiding any surprises when your bank statement arrives.

Of course, the features and benefits of mobile banking will vary slightly – near or over limit text alerts are just one example of how mobile banking can help change your money matters, and for the better. This feature operates by the bank in question sending a text message to your phone when you’re getting near to, or over your account limit. This is an effective way to avoid any unplanned overdraft charges, whilst staying on the right side of the red.

High/low balance alerts are another helpful feature that allows you to set your own limits, so you can make sure you always have enough money in your account for the things you want to do. In addition, high balance alerts can help make you more aware of excess funds available; this allows you to safely move your funds into a savings account where the interest paid can often prove more attractive.

What’s more, low balance alerts do as the name would suggest and alert you to low funds; therefore, this provides you with plenty of time to move money from other accounts, should it be required.

The alliances between mobile phones and banks which offer mobile banking has helped to provide consumers with even more benefits, as topping up prepay mobile phones becomes easier. As such, money can be debited directly from current accounts to top-up mobile phones.

There are clearly many benefits available from performing mobile banking and whether you are standing on a bus, train or simply have limited access to your finances, it is possible to keep better track of your money, whilst remaining on the move.

Paul McIndoe writes for a digital marketing agency. This article has been commissioned by a client of said agency. This article is not designed to promote, but should be considered professional content.

Author: pmcindoe

Paul McIndoe writes for a digital marketing agency. This article has been commissioned by a client of said agency. This article is not designed to promote, but should be considered professional content.

This author has published 174 articles so far.

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