4 Tricks to help you choose the Best Online Banking App

 

4 Tricks to help you choose the Best Online Banking App

 


If you are planning to take all of your banking requirements online, this is the perfect article for you. Choosing an online banking app to fulfil your financial requirements could be a confusing task given the variety of choices that are available in the market.

However, the selection process is not that difficult if you have the right knowledge and to equip you with just that, here are 4 tricks to help you choose the best online banking app -

1)      Should have no transaction fee

If you regularly transact online, it is better to avoid banking apps that charge a significant amount of money on each transaction. Do keep a check on the ATM fees and the monthly fees as well, as these may be small amounts, to begin with, but can soon turn to a lumpsum amount with the passage of time. That being said, there are plenty of banks that do not charge you any fee and can be easily found by simply searching UPI money transfer app with zero transaction fee’ online.                    

2)      Check the number of downloads

A good mobile banking app would have successfully made a mark for its services, and thereby achieved a huge number of downloads. Banks always take data of what customers are looking for in an app and keep updating their apps. This drastically improves the user experience over time and is only possible if the bank’s app has been downloaded by a lot of people. Even the reviews can be trusted if the downloads are plenty as it is a sign that people are testing this app and writing a genuine review instead of presenting paid opinions.

3)      Study the list of services offered

It is not advisable to download multiple apps to perform similar financial operations. A good banking app is not only convenient in terms of transferring money but also serves as a one-stop solution for all of your banking needs. Do keep in mind that some services might be paid if your account charges do not already include them. However, it is still better to have them available in the app as when the time comes to use them, you can do so.

 

4)      Look for a convenient account setup process

Whether you are looking to simply transfer money from a UPI money transfer app or set up a proper bank account, it is better to look for options that require the least time and documents, especially to get the account activated. Many banking apps provide a virtual assistant to help you with the account activation making sure that you do not face any confusion in the process. Ideally, it only takes 10 to 15 mins to set up your account if you have the documents handy with you. Unless you are opening a special account, a normal saving account only requires about 3 documents and a photo.

We hope this article proves helpful when you set out to choose the best online banking app in the market currently. Best of Luck!

 

 

Read More: 4 Tips for Efficiently using an Internet Banking App

 

 

 

 

Comments

Post a Comment

Popular posts from this blog

3 Do’s and Don’ts while Opening a New Bank Account

Image
  O pening a new bank account sounds interesting but may sound like a nightmare to many people who do not know how to open a bank account. People generally forget to keep in mind the things to do before opening a bank account, and rush into opening bank accounts and get stuck later on. Given below are 3 Do’s and Don’ts while opening a bank account. 3 Do’s while opening a bank account 1.   You should research about all the banks Y ou should have complete kn o wledge about the bank while opening a  new bank account . You should research the bank and understand the processes within the bank. This would help you create a good relationship with the bank and would understand the processes much clearly when you perform them. You should also research every bank available in the market and compare them to find the best bank to open your account. 2.   You should know the various services offered by the bank You should check the various services offered by the bank, every bank ...
Read more

A brief overview of an RTGS money transfer app

Image
Earlier, all the banking services that people needed were only accessible through their bank’s offices. Now, times have changed. Banking services can be accessed through smartphones as well. You can  open bank account online  and conduct all of your banking transactions through the bank’s online app. This way of handling your money is easier, smoother, faster, and secure. Banks even offer the RTGS money transfer facility on their app. RTGS stands for Real-Time Gross Settlement, where the money is paid in continuous payments which are open 24 hours a day, every day. In this article, we will tell you about the details you need while making RTGS payments, and points to remember while doing so. The details needed to send money through the RTGS money transfer app are : Beneficiary bank name Beneficiary bank branch Amount to be transferred Sender’s bank branch name Beneficiary bank IFSC code Account number if the amount is to be debited from the sender’s bank account Beneficiary acc...
Read more

4 ways to choose the Best Net Banking app

Image
As the banking sector has become the backbone of every country’s economy, there has been a significant upsurge in the number of financial institutions present even in our country. With the ever-increasing number of facilities and benefits offered by banks online, it is pretty easy to get confused when choosing the best net banking app .  However, to help you overcome the dilemma, here are 4 ways to choose the best net banking app for all of your financial needs -  1) List out all the required financial services  The services offered by banks vary significantly. As a result of this, it is very important to understand your needs and make a list of all the services you wish to utilize to meet your financial needs. Do keep in mind to check if the benefits you need are also offered on the bank’s app so you can conveniently access them when the time comes. You can easily get this information directly from the bank’s website or even by reading the app description in the Google...
Read more