Online banking apps have changed our banking habits. Customers can access any banking service instantly through their mobile banking apps today. However, some banking apps are better than others as the banking services go beyond online fund transfers and checking bank statements. One such example is IDFC FIRST Bank’s mobile banking app, which enables customers to bank at any hour of the day. We present a checklist in this article that you can follow while choosing mobile banking apps to ensure a secure, efficient, and user-friendly banking experience.
Checklist to follow while choosing mobile banking apps
1. Choose an online banking app that helps you increase your savings
Your mobile banking app should help you save more. IDFC FIRST Bank’s mobile banking app offers three savings-friendly features – Zero-fee banking, monthly interest credits, and ‘Track Your Expenses’. The first feature waives 28 savings account-related fees, the second helps customers increase their savings and the third helps customers analyse their previous expenses.
2. Prioritise a secure mobile app for banking
Security should be a top priority when selecting a mobile banking app. Ensure that your app follows industry-standard security measures, such as two-factor authentication, biometric login, and encryption protocols. IDFC FIRST Bank’s mobile banking app employs advanced security features to safeguard customers’ financial information including the option of biometric login.
3. Your mobile banking app must offer multiple modes of online transfers
A comprehensive mobile banking app should provide various options for online fund transfers. The IDFC FIRST Bank mobile banking app supports instant fund transfers, NEFT (National Electronic Funds Transfer), RTGS (Real Time Gross Settlement) transfers, UPI (Unified Payments Interface) transfers, and IMPS (Immediate Payment Service) transfers. Besides these features it offers ‘Auto Pay’ and ‘One Swipe Pay’ – the former helps customers automate their recurring payments and the latter helps them make payments conveniently.
4. You must be able to invest instantly through your mobile app
You should consider a mobile banking app that allows you to invest in financial products instantly. Look for features like online mutual fund investments, fixed deposit placements, and stock trading options. IDFC FIRST Bank’s mobile banking app provides customers with easy access to investment opportunities, enabling them to make informed financial decisions on the go.
5. Ensure easy account management and personalisation
Look for options to view account statements, check transaction history, and personalise your app preferences. A user-friendly interface and a platform where you can easily navigate your way enhances your banking experience. IDFC FIRST Bank’s mobile app provides a seamless and customisable interface, allowing customers to manage their accounts effortlessly.
6. Consider additional features and services
Evaluate additional features and services on the mobile banking app. Look for features like credit card management and customer support channels. IDFC FIRST Bank’s mobile banking app, for instance, offers a stellar 24×7 customer support team, ensuring a comprehensive banking experience.
By following this checklist, you can choose an app that helps you increase your savings, prioritises security, and offers an overall superior banking experience. Consider your preferences while selecting a mobile banking app to enjoy the convenience of digital banking.