Category:Banking



Now you can check your bank account balances, transfer money, make deposits and pay bills anytime, anywhere – all thanks to that clever small device called “smartphone”. How can you bank while on the go?

1.	Via your smartphone’s browser. Mobile banking via a mobile browser is similar to home banking. All you have to do is launch a browser, type in the web address of your bank, log in and start “moving money” from one account to another. Bear in mind that browsing-based threats for smartphones are just the same as those for computers – malicious links pushed up in search results, drive-by downloads, browser exploits etc. – and expose you to malware and phishing attempts. Which means mobile antivirus protection is just as important as PC antivirus protection. 2.	Via a mobile banking app provided by your bank. Accessing your bank account from your smartphone’s tiny screen is rather annoying. That’s why banks have come up with mobile banking apps optimized for small screens. However, not all apps support all mobile operating systems. Furthermore, not all banks offer this type of app. 3.	Via SMS. Some banks use SMS in a rudimentary form of mobile banking. You send your bank a text message and instantly receive another one with basic information about your bank account, balances and payments. The downside is that cyber crooks can easily intercept the text messages. They create all sorts of malware to enable them do just that. Which brings us to another sensitive subject: mobile banking malware makes the case for proper mobile antivirus protection.

Top Services being offered by banks for Smartphones: 1.	Balance Inquiry – Allows you to check balanaces anywhere at anytime, even standing in the check out line at a store. 2.	Customized Banking Apps – Banks offer custom-designed applications for specific smart phones. 3.	Find No-Fee ATM’s – Allows you to use your Smartphone to locate nearby ATM’s that are within the banks network to help you avoid surcharges. 4.	Bill Pay – Allows you to pay your bills even when you don’t have access to your checkbook. 5.	Deposit Checks – Some banks allow customers to take a photo of their check and send it into the banks network for deposit. Benefits of Using Mobile Banking 1.	Electronic Monitoring – All of your bank information is at your fingertips and is accessible 24/7/365. 2.	Prevent Fraud – Alerts can be sent to your Smartphone and viewed immediately to help you monitor and prevent fraudulent activity. 3.	Reduce Your Paper Trail – You can get e-bills and e-statements and store them in your phone. 4.	Being Green – By going electronic with your payments, bills, and statements, you will be saving trees and reducing the oil consumed by the mail truck. 5.	Time Saver – It adds flexibility and convenience to do banking anywhere, anytime. Top Banking/Budgeting Apps: 1.	Mint 2.	Pageonce 3.	Simple 4.	My Weekly Budget 5.	iXpenseIt