Bankiom: Want to Track & Save your Hard Earned Money?

• 11 May 2020 | 1188 Views | By

Mobile banking has a boon in recent years because of its different features and benefits. There are many apps that offer mobile banking services. Bankiom is a digital payments bank that offers an alternative to traditional banking. One of the primary advantages of mobile banking is the comfort of having banking services close within your phone. There’s no compelling reason to go to a bank or ATM and trust that the bank will open to check your record balance, transfer cash, take care of your bills, or even view your account statement. You can do everything by utilizing your mobile phone. You can check your transaction or get a statement of your account at any time of the day. Your financial balance and individual information are totally secure in the event that you utilize a versatile mobile banking app.

The bank will provide you with a password that you can use to sign in to your account and make transfers. This data is transmitted to you safely and since you are the one in particular who knows your username and secret password, your record is constantly secure. Banks and credit associations can offer mobile banking services using a versatile site, or, all the more famously, through a custom portable application. This application associates with the server of the bank and permits the client to check their balance, move assets, open or close accounts, request charge or Mastercards, money checks, and much more. 

What is the meaning of Digital Banking?

Digital-only banking is a developing wave of banking organizations concentrated on serving their clients solely through online methods. Imagine a bank with no queue, no visit to update your account or no problems in opening your bank account. This is a digital-only bank. Much of the time, everything necessary to open an account with a digital-only bank is an application and requires only a few documents. Records incorporate basic things like scan copy of ID cards and duplicates of bills whose account holder and address coordinate the one on the account. 

What are the benefits of Digital Banking?

One of the perspectives digital-only banks are concentrating on is an analysis of real-time data. This will permit banking applications to warn clients when they purchase or spends outside their budget or inform them when geo-focused deals are accessible. Actually, it is the convenience and client experience that is driving such huge numbers of Millennials to the digital bank segment. At the point when they get fast transactions and practical charge structures make them need to use.

Benefits of Bankiom app

Bankiom is a digital bank and helps in managing your money from anywhere at any time. Its benefits include – 

1. Opening a current account in minutes

One of the major benefits of opening an account with Bankiom is that you can open an account in just 3 minutes. Yes, you just need to submit documents online and you are good to go. You can start transactions once you open an account with full security over the internet. Operating digital banks is easy and at the same time trustworthy. 

2. 24/7 support

Customer satisfaction is important in the online financial business. Digital banks have to solve each and every query of the customer to get close to them. There is 24/7 support from Bankiom, it means if you have any issue related to opening an account, failed transactions, or any other you can reach out to them even at midnight. You can also enquire about the new plans with our customer support team so that you invest in the right bank.

3. No hidden fees

Once you open an account there are no additional charges you will need to do a transaction through Bankiom. You can send money to anyone within no time at free of cost. It works better than internet banking. You can also save the money in the wallet so that you can use it at any time you want. This is a good benefit than other banks who charge a lot on different things. 

4. Easiest way to keep on top of your finance

Managing your finance is a bit hectic in traditional banking. You will have to visit the bank every time you want the account statement or transfer money into the bank. But the digital bank, Bankiom, will help you in managing your finances with ease. It will show your daily spend within a click so you can keep track of your money. Also, you can track your transactions from anywhere in the world.

5. Right investment

Bankiom is also a great platform to invest in. You can contact their support team and get the right choice on saving your money and getting maximum interest on your money. This platform focuses on the things that are more important to the customers and that helps in making the brand value of Bankiom more valuable. It is easier to grow and innovate according to real feedback through this digital bank. 

Bankiom over traditional banking

In traditional banking, online service is just used to reduce the number of people. But Bankiom is extending this feature to a digital-only bank. These are full-fledged operated on mobile and does not require any physical office to start the bank. Another difference is physicality. Digital-only money related administration organizations don’t need to keep up a physical bank over a nation or the world. Thus, their working expenses and plan of action are totally unique. Their plans of action are nearer to that of some other self-supporting app business, including highlights like freemium alternatives and memberships. These highlights are normal to the application business, and it’s just intelligent for online-only budgetary administration organizations to receive them to serve the purchaser better.

Consequences of digital-only bank 

A) Service Interruptions 

Whenever we use PCs with an internet connection, digital-only banks are helpless for their instability and effectiveness of their service. You will not be able to access your account if your internet is not working properly or it is out of service. In other case, bank servers may go down or can be temporarily down and this may affect your login or any transactions.

B) Security concerns: Are Digital banks safe?

There is no system that is totally secure and hence there is a possibility of accounts that can be hacked. This may lead to fraud and money can be stolen. So for protection of your account, do not use networks that are not secured.  Read about The Ultimate Secret Of Cyber Security in Banking.

C) Constraints on Deposits 

Every day or month to month deposits into mobile banking have restrictions that may make it hard for people, however, large organizations make large deposits online. When you are about to end your limit, you will have to go to the bank to deposit money. Also, not all cheques are able to read by the app after scanning through the software.

Future of Digital banking

Digital-only banking is advantageous, it is less expensive, and it is picking up the trend among worldwide customers. Computerized banking is additionally shackled by various elements that will keep it a specialty advertise, at any rate until further notice. After some time, the main digital-only banking organizations will defeat the issues of security and consumer loyalty and that will prompt better versatility. Up to that point, merchants, financial specialists, and customers of advanced banks should be set up for unpredictability and stir as the market develops. 

Which bank has the best app?

As most of us are aware, several banks all over the world are offering smooth and robust banking solutions with their respective applications. Judging the best app is next to impossible as user interfaces, user demands and needs are dynamic and change rapidly with time and habits. One can, however, check out List of 10 Best Mobile Banking Applications Worldwide to read about the best applications in the business.

There are a few bearings the digital-only banks can take to help grow their quantities of customers. One bearing is digital money. Advanced banks are now joining forces with noticeable square chain advances to control their capacity, it is just normal for these organizations to list the tokens that underlie the square chains also. In that light, it is additionally normal for the advanced banks to grow their administrations in different ways including advances and other budgetary items.

The expectations for the present customers likewise have desires from online financial administrations that start not from the experience of banking itself, however, their experience of how applications act: as such, buyers expect budgetary administration applications to impart a comparable experience in different applications. Customers expect from the banks that a frictionless journey is needed that is from search to delivery, and extra benefits that other companies do not provide.

Thus, Bankiom will be beneficial for every customer as the world is going digital. It will ease the banking procedures and is surely going to change the banking industry. In the future, Bankiom can be the best digital-only bank.