Online Banking Vs Mobile Banking

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Online Banking V/s Mobile Banking
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Modern way of Banking

• The banking sector is progressing with each
  passing decade. It has come a long way from the
  traditional and conventional way of conducting
  the banking transactions. Various options and
  mediums have been introduced to ease the entire
  banking experience.
• Online banking and Mobile banking are the modern
  day mediums that are for your rescue to sort out
  all your banking business with ease especially on
  a busy day. However there has always been a
  debate as to which one of the both is a better
  option. Let us decode both of the mediums for
  you.

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The Basics

• Mobile Banking It is a banking feature conducted
  on your mobile phone using the inbuilt features
  of your phone. As conducted on your mobile
  demands for a wireless internet connection
• Online Banking Online banking gives you the
  feasibility to conduct various banking activities
  to any gadget giving you a decent internet
  connection. You can conduct online money
  transfer pay your bills and much more

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The Advantage

• Mobile Banking The bank sends you small mini
  statements on your mobile through short messaging
  services every time you debit or credit cash from
  your account. This helps you to keep a better
  control on your finances
• Online Banking The biggest boon that online
  banking comes with is the fact that you can
  perform youre banking tasks even on a holiday or
  if you dont have the time to walk till the bank

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The Disadvantage

• Mobile Banking There is always a fear of
  receiving a scam message. Also if by any chance
  if you happen to lose your mobile, somebody can
  gets an easy access to your personal banking
  details
• Online Banking The only drawback this medium
  comes with is that it does not allow the direct
  usage of your money one has to eventually find
  an ATM to withdraw the cash necessary

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