Have you heard of the latest innovation in banking industry? I bet you heard of mobile banking already. What mobile banking is and how it works is the focus of this article. If you are one of those planning to transact online, this article is for you. This will teach you the steps on how to acquire an account. If you are those who would want to stay on the conventional way of doing everything, this article is also for you. This will let you realize how convenient banking is.
How to Activate a Mobile Banking Account
1. Of course, you must have a valid bank account. It doesn't matter if it's new only or existing for long only. Everybody is entitled to enroll.
2. Yes, this is through enrolment. The set-up is linking your account in your mobile provider.
3. Once enrolled, you may start activating your account. Usually, you will receive SMS/text from your bank. They will provide you the initial m-banking pin so you can register your account through text/SMS. Changing the default pin is vital. Do not forget to change so you won't have issues about frauds.
4. Once registration is successful, an added menu in your mobile phone will be visible. This is the m-banking menu. Inside the menu are sub-menus showing the kind of transactions you can do.
What Mobile Banking can Offer
This is the same as how other Online Banking services operate. In m-banking though, you don't have to log to the internet anymore. Since your account is connected to your mobile phone, all transactions are done through short messaging services.
1. Money Transfer
Have you ever imagine doing your money transfer through text? It is possible using your mobile phones. If you're one of those working far from home, you need not experience the hassle of going to the remittance centers that are not operating 24 hours or 7 days a week. Using hassle free mobile banking empowers you to send money to your loved ones in just one click.
2. Payments
Bills payment can also be done using this new set-up. Establishment nowadays partner with banks to make payment transactions convenient for the payers. This set-up generated increased payment rate.
3. M-Banking Coupons
Commercial establishments now use mobile banking coupons to promote their products and services. Target customers receive an SMS or MMS of the offered product. To avail the offer, you will need to pay via mobile banking.
You can learn more about banking issues at Standard bank internet banking [http://www.standardbankinternetbankingreview.net]
By: Rob Samualls
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