What could you achieve with mobile banking and online banking?
The majority of transactions may be completed online or using your banking company’s smartphone app.
- You can view your account balances at any moment by going online. You can now discover problems like unauthorised activity sooner rather than waiting for your printed statement. Errors can normally be reported to your checking account union accounts via the online and mobile banking app or conversation functions.
- Deposits and fees that are pending, or have not yet been posted to your account, are frequently visible. The sums you see for pending debit transactions may not match the total sum that reflects in your account. Before presuming that outstanding deposits are accessible for payments or withdrawals, double-check your bank’s or credit union’s fund’s availability policy.
- Consider if you want to receive physical copies of your regular statements and other papers in the future. While setting up online banking, your bank or financial institution may advise you to go paperless.
- Most financial institutions let you set up automated notifications to assist you to monitor your account and notify you when things like a direct deposit, a major payment, your balance falling below a specific amount, your account going into overdraft, and more happen. Often, internet banking and credit union portals allow you to sign up for these alerts by text, email, or both. These alerts can keep you updated without requiring you to check in to your account multiple times per day.
- You can make payments using your smartphone using a mobile app at most banks or credit unions. You may not have been able to deposit all sorts of checks this way, so if you have any issues, contact your bank or credit union. In just a few steps, you can deposit a check using the mobile app: Install your bank’s application; know your bank’s policies; follow instructions to deposit check; keep the check until it has been posted to your account; completely destroy the check after it has been cleared.
- If you have to transfer funds across accounts or even financial organisations, your internet banking or mobile app will most likely provide you with possibilities. When making any transfers, double-check that you are using the right account and routing numbers and that you accept the terminology and terms of your transfer.
- Your financial institution may also provide a service for sending money from one individual to another. Check out our best practises advice before using any mobile payment services to ensure that your transactions are secure. You can try it out by sending and receiving a tiny amount of money, such as a dollar. That way, you’ll know your money is going where you want it to go and that you’re getting paid what you’re owed.
- You may pay most bills online or using your financial institution’s mobile app instead of printing cheques and mailing them.
- Banking online or on your mobile phone is safe as thoroughly as possible basic practises for keeping your mobile device’s information protected. Additional services, such as shutting off your bank card if you suspect fraud, may be available through your financial institution. To learn more about any additional protections your bank or financial institution may provide, contact them.
For information on internet banking site Malaysia, check out HongLeong Bank.