HomeGuidesPhone TutorialsHow To Do Mobile Banking With Your Phone

How To Do Mobile Banking With Your Phone

Mobile banking trends now and this article will be looking at how to do mobile banking with your phone. This banking method has become global, and it lets customers do their transactions with Android.

You can check your account balance and transfer funds with this banking. It means you don’t have to go to the bank to do all these and this is because your phone can handle them. You can also pay bills and buy your airtime with it.

How Does Mobile Banking Function?

mobile banking

SMS, Java, and mobile applications make this banking available. There are many banking options, and the options depend on the bank. Majority of certain applications are in need of smartphones, and you can find out in your bank.

Get the mobile application of your bank and then download it. Use of passwords applies, and this logs you in. Authorising transactions is applicable, and this requires functional hardware. Users can navigate and efficiently utilize applications. There is no need for SMS commands and memorizing the USD.

Some other platforms utilize SMS, and there is an advantage. Now if you are using the SMS and similar categories you don’t have to download. However, SMS requires memorizing codes and other activities.

USSD code is also obtainable and sometimes a bank service of *737#. You make use of this code for transferring funds instantly and also pay bills.

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What Are The Services Available In Mobile Banking?

Most platforms let you check out your bank statements and also your account balance. Most of the banking platforms and the rest transfer funds across many banks. Utilise it and then make payments for certain services.

The services include utility bills and taxes. Purchasing airtime applies, and this is obtainable through the banking platform. Limitations exist for mobile banking, and this is when compared to banking on the internet.

How Do You Do Mobile Banking?

First get a bank account and then visit your bank. Do an application for this banking, and you will get details like the password. You can visit the bank’s customer care and obtain details.

What Is The Difference Between Mobile Banking And Mobile Money?

Differences exist between mobile banking and mobile money. Mobile money uses an electronic wallet while mobile banking uses a banking account. Also, mobile money can handle payments, and this is mainly for goods and services.

Note that this banking is more applicable to account holders and this reduces the undue congestion in the banks. Most banks tend to experience congestion, and this is as a result of people going to banks for everything.

Handling some banking operations reduce congestion and can reduce cash circulation and enable convenient payments. There is a bias for mobile banking and funding using ewallet is obtainable.


Mobile banking enables convenient payments and transactions and reduces bank congestion. You don’t have to go to the bank to do everything, and this makes it a convenient banking method. This article tells you how you can participate in mobile banking and don’t forget to share your opinions.

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