Best Mobile Banking App Features for Better Ways to Bank - MobileAppDaily
Mobile App

Best Mobile Banking App Features for Better Ways to Bank

Banking mobile app features

https://dk2dyle8k4h9a.cloudfront.net/Best Mobile Banking App Features for Better Ways to Bank

A significant boom in the number of people using mobile applications for several purposes hasn't gone unnoticed. Banks have also broadened their services by introducing mobile banking app to their customers. With such apps, customers can easily carry out all of their banking transactions on the go. In other words, it is considered as the quickest and the easiest way to manage money.

By using a mobile app for banking, there is no need to wait in queues to pay your utility bills. You can even pre-schedule your payments by simply opting for the auto-pay option. In addition, you can view all your account and credit/debit card details. Some apps also offer a personalized mobile banking experience.

As per a recent report, by downloading and using apps for banking, managing money on the move allows people to save 96 million hours and also 24 million miles of travel. It is believed that the daily interaction with customers on their favorite device offers remarkable benefits. In addition, a banking app is perfectly placed as a highly engaging as well as a trusted channel in order to present as well as sell other products and services. 

Features for financial institutions to consider while integrating into their banking app:

1. Complete Details Of Transactions

A widely preferred banking app is not the one that only shows the number of payments made. In fact, it should also offer full contact information for the payee such as address and the phone number.

2. Intuitive Interface

The design of the app's interface needs to be clean as well as intuitive. There is a requirement to keep each screen simple and to make numbers, buttons as well as text large.

3. Offer Quick Balance

Users should be able to see their account balance with a simple swipe so that there should be any need of login. Hence, this feature should not be overlooked by the financial institution.

4. Good Customer Service

You can get help from a personal banker or can set up an appointment with a financial advisor. In addition, you should have an option to browse FAQ's as well as video tutorials so that help can be acquired without speaking to anyone.

5. ATM/Branch Locator

A banking app should include this feature through which you can easily locate branches as well as ATMs either on the basis of their current GPS location or a search function. Your results should include hours of operation.

6. Safe-to-spend

It is very important to know the exact available balance so that you can save yourself from reckless spending. With this feature, you can know the amount left after scheduling bill payments.

7. Travel Notification

With this kind of feature, you can tell your financial institution that you are traveling with just a simple swipe or a tap.

8. Mobile Photo Bill Pay

This feature in mobile banking app allows you to take a photo of your bill and the app will immediately upload all the important billing information due to which you easily set up a one-time or recurring payment.

9. Customization

You can view a list of your most frequent actions and accordingly, you can customize your dashboard, menu or interface as per your needs.

10. Account Security

Apart from using regular passwords, you can use biometric verification with the help of Fingerprint ID or a gesture-based password method.

These are some of the beneficial banking app features which allows you to complete all the banking transactions in a streamlined manner.

Eric Jones
Written By Eric Jones

Eric Jones is a senior tech blogger at MobileAppDaily and he is a gadget lover and follows every advancement and tweak in the mobile app industry. He is enthusiastic about the gaming and social media apps and possesses almost 7 years of experience as a tech blog contributor. Eric also doesn't like to share his cheese burst pizza with anyone at all.

Top Companies

InMobi
Singapore
Dot Com Infoway
New York, USA
M&C Saatchi Mobile
New York City, USA
Techmagnate
New Delhi, India
Fetch
London, UK
View full report

Latest Articles

Join our global community 135K Followers
Mobile App

How Two Young Entrepreneurs Build The Most Powerful Education Tool After Meeting at a Gathering

Eric Jones 4 min read  

Two of the youngest entrepreneurs under 30, Liam Don and Sam Chaudhary inspired to create a powerful tool that can reinvent education systems around the world. Considering the powerful role education plays in watering the minds of tomorrow, the young entrepreneurs created a software design ClassDojo

Mobile App

In-Depth Study on Tips for Better Enterprise Mobile App Strategy Formation

James Lawson 4 min read  

Nowadays, enterprise mobile apps are making a revolutionary change in the marketplace because of playing a vital role in giving companies an edge over their competitors by increasing work productivity, bringing ease to the process of completing the tasks, enabling information sharing and in building

Mobile App

"Food for All"- An App Let You Grab Restaurant Meals at a Minimal Cost

Eric Jones 4 min read  

Do you know there is an app that can get you some good restaurant meals at quite an affordable price and even let you stop food wastage? You must be wondering, how an app can reduce wastage of food, here it is ‘Food for All’, all you need to do is to place an order a bit early in the mor

Mobile App

The Uber Rival, Lyft is Giving Scholarship For 'Self-Driving Car' Course

Ariana Johnson 4 min read  

U.S. based ride-hailing giant, Lyft is introducing a 36-week course that will teach students across the globe how to build a self-driving car to anyone with just a minimum requirement of internet.Udacity , online education platform providing the four-month “intro to self-driving car”