Mobile banking is a service that enables you to monitor your bank account and make transactions from your cell phone. Mobile banking gives you the ability to bank anywhere and at any time. Think of a mobile banking app as a remote control for your money.
Your financial institution will let you sign into an app so that you can deposit checks, stay current on your bank balance, get alerts, find nearby ATMs and more from your phone.
In the literal sense, it represents a service provided by a financial institution, allowing its customers to perform different types of transactions through a mobile device. Banks usually provide applications to carry out these transactions, and as of the present times, mobile banking is quite commonly used by people.
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