Functions you could use a mobile app for

The bank is the place you choose to safeguard your money. If you want to keep your money safe, you need to open an account in a bank of your preference. Apart from serving as a safeguard for your money. You can carry out business such as check the account balance and open savings account. But things changed with the technological advancement from the early 2000s.

Thanks to the breakthroughs made in technology, the banking sector changed the way it functioned. While in the early times you needed a computer for banking operations, nowadays, you can use a phone on a mobile app. Here are a few things you can use a banking app for:


1.      You can open your savings account:

One of the most basic things you can do with a mobile app is open savings account and even a premium banking account. Before computers made their way into the banking sector, opening an account required you to visit a bank physically. However, nowadays, you can open a savings bank account quickly and easily on the tip of your fingers. If you want to open a savings account on a smartphone app, you need to open the play store and install the app of your preferred bank.

2.      You can quickly procure account statements:

In an account statement, you will get a list of your debits and credits on and from the account over time. Before digitisation, to keep a track of your expenses, you needed to update your passbook. In that procedure, all the expenses will be listed. But, there was a catch, if the passbook was not updated for months, then, you had to wait until all the transactions over months were recorded on the passbook. However, with a mobile app, you can get an account statement quickly and you can select the date range. For example, you apply for a home loan and one of the requirements is submitting an account statement spanning approximately six months. So to get the statement, you should open the smartphone app and select the date range.


Original Content :- Functions you could use a mobile app for

 

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