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What is mobile banking: all about online banking in your smartphone

What is internet banking and mobile banking, what are their features and benefits? How to start using online banking services and simplify financial management as much as possible?

Date of publication:19 August 2024

Last update:11 November 2024

Ihor Rizak

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Mobile banking: how to use, features and benefits

Today, you can manage money with just one finger. This is a reality brought about by modern technology. Banks have moved from offices to customers' pockets, so now a smartphone is the key to the world of financial opportunities. Let's see how everything works and why mobile banking is a necessity for everyone who values time and money.

What is mobile banking?

Mobile banking is a modern way of managing your finances through a special application on your smartphone. In fact, it is a personal bank branch that is always with you. Mobile banking is a range of services available 24/7 without the need to visit a physical branch.

What are the advantages of mobile banking?

Mobile banking has improved the way we manage our finances, offering a number of advantages that make it an indispensable tool in everyday life. Modern banking applications not only simplify routine operations, but also open up new opportunities for effective control over your own funds. Here are the key advantages that make internet banking attractive to users:
1. 24/7 accessibility. Your bank account is always at hand, regardless of the time of day or location.
2. Saving time. Forget about queues and paperwork.
3. Control over finances. Instant access to information about the status of accounts, transaction history.
4. Convenience of payments. It is easy to pay bills, transfer funds, and make purchases in a few clicks.
5. Increased security. Modern authentication and data encryption systems protect funds better than a safe.
A bank in your smartphone is a convenient tool and a real financial assistant that allows you to manage your funds more efficiently and save time.

Main functions and features of mobile banking

Internet banking is a whole range of features available right on your smartphone. The main functions include:
⦁ view your balance sheet and transaction history;
⦁ make transfers between your own accounts and to accounts of other persons;
⦁ pay for utilities, Internet, and mobile communications;
⦁ open and manage deposits;
⦁ block and order bank cards;
⦁ Setting limits on transactions;
⦁ Currency exchange;
⦁ create virtual cards for online purchases.
The GlobusPlus app gives users access to all these features, making it convenient, reliable and secure. The functionality is constantly being expanded, providing customers with more and more options for managing their finances.

A step-by-step guide will help:

1. Select a bank, download the official application to your smartphone.
2. Register in the system using your personal data.
3. Set strong passwords to log in and confirm transactions.
4. Complete the verification process, which may include a visit to a bank branch or video identification.
5. Set up additional security layers, such as biometric authentication.
To start using mobile banking from Globus Bank, you just need to download GlobusPlus from the App Store or Google Play, register and complete a simple verification procedure. After that, the bank's functionality will be available on your phone.
So what is internet banking in practice? It is a personal financial assistant that is always there for you.

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