Difference between a Mobile bank and Internet Banking

 We will tell you the winner in mobile banking vs internet banking choice just read. 

What is the difference between mobile banking vs internet banking?

Difference between a Mobile bank and Internet Banking 

To understand and choose in mobile banking vs internet banking first understand what both are.

Mobile banking in Mobile banking vs internet banking 

Mobile Banking is a platform offered by the bank where the mobile Bank Application (mobile banking Platform) is downloaded by you on your smart phone. 

So getting clear on Mobile banking vs Internet banking.

Mobile banking platform is available for iOS, Windows and Android phones. The person will need to register themselves on that platform by opening the app and registering with it. 

In Mobile Banking you can transfer money from your A / c bank using your smart phone with the help of the internet, from anywhere to anywhere. However, there is a limit set by the bank concerned, from which you can transfer funds. 

Mobile Banking is only used to transfer money from one A / c to another, that is, nothing more. You also get a receipt or a statement of it.

Internet banking in Mobile banking vs internet banking 

In Online Internet Banking, you have direct access to the Online Portal created by the Affiliated Bank on a specific dedicated server maintained by the bank. 

Learning more on mobile banking vs internet banking will help you get good with banking so keep reading.

In this case, you can make online transfers via RTGS, NEFT, IMPS, Transfer, get your A / c Statement, Transaction History, etc. There are many features offered on Online Banking related to your A / c. 

You can pay your bills online, pay your taxes, arrange your payments, submit check book requests, EMI payments, stop orders, etc. Almost all banking services offered by banks without making PO / DD available on the Online Banking Platform. 

By using Internet Banking, you can even open a fixed deposit A ​​/ c and NPS A / c these days.

Online Internet Banking is a comprehensive platform as it offers a wide range of services. Mobile Banking is a small concept of transferring money from one A / c to another. Online Banking has many features that are not available in Mobile Banking.

So now you know what is what in mobile banking vs internet banking.

Choosing one in Mobile banking vs Internet banking 

In Mobile banking vs Internet banking, internet banking is much safer than mobile banking. 

The reasons are as follows: -

When using mobile banking you must have installed the app from a particular bank / mobile wallet / third party in any transaction. 

Now when you install this particular app then ask for specific permission that if you don't agree it won't allow you to install the app. 

So think twice before choosing one in mobile banking vs internet banking.

You can check the details of any security application >> Installed applications >> Permission.

The app is now able to access certain information sometimes even with your OTP (One-Password). Now let's say you do any transaction that sends OTP to a phone where most will be the same phone where the app is installed. 

The app now has OTP read access and therefore can save it. Now all the bank says is that they should share this information for their own safety. 

The truth. But apart from these apps there are various other apps that have permission for many mobile features including email, messages, videos, photos, etc. The banking application you are using may be safe but some installed applications may not be secure and may keep OTP detected on the phone. 

Now in the event that the transaction is done through a full bank OTP is available on a different cell phone than the logged device. There is therefore no indication that other existing applications can judge which site the OTP is coming from as that can be turned on. 

So be more secure. But if you are using mobile banking on mobile then go better for the app as most websites with their website app are not designed to be used properly on mobile.

If security is your previous concern then it is best to install a paid antivirus on the device where you are using full banking or mobile banking.

So we do have a clear winner in mobile banking vs internet banking.

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