The Benefits of Cellphone Banking

The Benefits of Cellphone Banking

Almost all the major banks in South Africa make use of cellphone banking as it is a convenient way for the customers to conduct the impending wherever they are. Cellphone banking allows you to make transactions, transfer money, and even view statements and balances.

The Benefits

Cellphone banking is available 24 hours a day, seven days a week. This means you can view your balances or transfer money at any time of day or night, and even a recipient. As long as you have your mobile with you, you can log into your banking profile easily.

Here are some of the other benefits of cellphone banking:

  • You can check how much money you have in your account;
  • You can view the last transactions which have taken place on your account:
  • You can move money between your accounts;
  • You can send money to friends or family members;
  • You can purchase prepaid electricity and airtime;
  • You can make payments to recipients.

Mobile banking is also made easier with the use of an app your smartphone. Most banks already have an app that you can simply download and use whenever you need. It is also much easier to make use of mobile banking as banks make it more affordable for you to do so. This is because you don’t have to go and stand in a queue at the bank do your basic banking transactions.

Supplementing allows you to have total control over your bank account and you can access your account anywhere at any time. You can view your balances and you will also be informed of any transactions happen on your account, as all banks offer you an SMS notification service on your account. This is convenience, all in the palm of your hand.

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