How can a banking app help you keep track of your money?

Digital technologies have been widely accepted in the last ten years, and businesses across various industries are using machine learning (ML), artificial intelligence (AI) and other latest technologies for effective operations and providing better services to customers. The banking sector has also undergone a radical shift after the introduction of mobile apps. The IDFC FIRST Bank Mobile Banking app is in line with this development, and it can help you do most of your financial transactions online.

With a smartphone in your palm, you can avoid going to the bank and wasting time for depositing money at the cash counter or applying for a personal loan. To know more about using a mobile banking app, read on.

Various reasons for using a mobile banking app?

The ease of access and convenience have made most customers shift to mobile banking in the recent years. The latest app is designed to offer several features, which help you to carry out the most important banking transactions that once forced you to travel to the bank and spend hours getting them done successfully. You mostly use a banking app today to:

  • Open a bank account online

If necessary, you can also open an instant IDFC FIRST Bank account online, which is a paperless process. All you need to do is to give your mobile number, fill out your personal details, upload the scanned copies of PAN Card and Aadhaar Card or Voter ID and undergo an eKYC verification. It takes a few hours to set up and activate your savings account    

  • Have 24-hour accessibility to your account

Using a mobile banking app, you can access your bank account whenever you want to. All you need to do is to undergo a simple mobile bank registration process, which includes logging into the app using the user ID and password and using a MPIN or fingerprint to log into the app every time. 

This makes it easy for you to shop or dine with your family or friends and pay online. You do not have to carry cash or rely on ATMs for withdrawing money. The app also allows you to transfer funds to other bank accounts anytime and check the balance and get a mini bank statement to track your account.

  • Keep a track of your expenses

One among the significant features available on the IDFC FIRST Bank banking app is you can check your transaction details.  You can download the bank statement to keep a track of your expenses and receipts.

  • Making quick payments

Other than paying for purchases of items, you can use the app to pay your credit card bills on time, without paying any late fee. All you need to do is to set up your bills on the app for payment. The IDFC FIRST Bank Mobile banking app also reminds you of a bill, which is due. You can ensure that you have enough money in your account to pay the bill. Once the bills are paid, you get a notification for the same, so you do not need to check the account statement for every transaction. You can pay your credit card or utility bills through NEFT, QuickPay or BHIM UPI.

Do the above reasons convince you to use a mobile banking app? Download the IDFC FIRST Bank mobile banking app now.

Author: Razai