But there are many who are not aware of or are skeptical about a mobile banking app. If you too are looking to learn more about such an app, let us take a look at the following pointers which explain how this app can make your life much easier:

1. Shop for anything and everything

With a mobile banking app, you have the freedom to shop on any online platform. This means that you can now go to your favorite online stores and complete purchases of your favorite products. This proves to be great for shopaholics as they can pay for their stuff using their banking apps which will take them no time at all.

2. Regenerate your Debit or Credit card PINS

Today, we have so many online accounts and they are all protected by passwords that you have set. It is always good to set different passwords and not keep one common one in order to keep your accounts safe in case your password gets leaked. However, keeping a list of all your passwords can get quite difficult, and it is common to forget a few. But when it comes to forgetting your Debit or Credit card PINS, this could be a real hassle, but not if you have a mobile banking app. With such an app, you can easily regenerate your Debit or Credit card PINS in no time at all.

3. Update your profile and activate/deactivate your Debit/Credit cards

Using your mobile banking app, you can easily update your account details, and it would get done instantly. This means that you do not have to go online and search for ‘online bank accounts opening’ on your bank’s website, you can simply do it using your app. Not just this, you can also deactivate your Debit or Credit card in case you misplace them. This helps avoid a lot of hassles of you having to call up your bank’s customer service and explaining the situation.

4. Pay all your bills online

Cannot go out to pay your bills because of the lockdown restrictions? No problem at all! Use your mobile banking app and clear all of your bills online. Whether it is your TV bill, light bill, rent, or even grocery shopping, you can take care of all these bills by paying for them using your banking app. Isn’t that just great?

We hope that this article has helped you learn about the benefits that a mobile banking app can bring to you.

While this method of banking is definitely quicker and convenient, is it really safe? This is a genuine question that a few customers have in mind before they start depending on such apps. Well, the answer is yes, if you take all the right steps.

To elaborate more on this, let us take a look at 5 safety tips you should know about before using a money transfer app:

1. Download the bank’s app from its official site

There are many banks that provide links on their websites that will take you to the App Store where you can download their app. Before you do this, you can read information about the app which should be available on the bank’s website itself. Doing this will ensure that you are using an authentic money transfer app.

2. Make sure to use a strong password

Quite a few safety breach cases are due to one common reason – weak passwords. By weak passwords, we do not mean short ones; we mean simple and predictable ones. A good way of protecting your identity while using a money transfer app is to use a strong password. A good password would include random lower- and upper-case letters, symbols, and numbers. Of course, make a note of such passwords so you do not forget them. This will significantly reduce your risk of being targeted by cybercriminals.

3. Check whether the bank uses a two-factor authentication

Safety should be ensured not only from the bank’s end but yours too. Any good bank would use a two-factor authentication process wherein the users would require to use not only their passwords but even an OTP that is sent to their phones. This method of logging in is a good way to confirm identity and any good digital India banking app should have this authentication process in place.

4. Steer clear of a public Wi-Fi

If you have used public Wi-Fi before, you might remember receiving a message stating that you are not using a secure network. Paying heed to this message, it is advisable to not engage in any important business of yours online while being connected to a public network, especially when it comes to financial business.

5. Set instant alerts via text and email for any fraudulent activity

Many users prefer to set alerts and notifications when they are using a money transfer app. This helps them in staying updated on any good deals or discounts. Not just that, but setting alerts is also important from the aspect of safety, as you will immediately receive a notification in case the app notices any unusual activity.

We hope that this article helps you find a good money transfer app that you can rely upon. All the best!

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