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

Banking mobile app features

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Updated On
May 31, 2018 11:43 AM
4 min read

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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 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:

Complete Details Of Transactions

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

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.

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 financial institution.

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.

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.

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.

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.

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.

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.

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.
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