List of 10 Best Mobile Banking Applications Worldwide

• 29 March 2020 | 2069 Views | By Mint2Save

Gone are the days when humankind used to stand in long queues to sort their finances at the bank. Nowadays, all the operations can be done on a mobile phone without stepping into the banks. To keep your money safe effortlessly, the list of applications is neverending.

Is Mobile Banking Safe? How secure are Mobile Banking Apps?

Mobile applications were known to be prone to several code and intention based issues in form of bugs, malware, spam advertisements etc. However, now,  with the advent of SSL security certificates, alpha / beta testing; mobile banking has fought itself to become a safe harbour.

What are the best banking apps?

In this article, we shall explore some of the worldwide renowned mobile applications, which not have high number of users, but also interesting features for a cent percent virtual banking experience.

1. Capital One 

Capital One is an American bank holding company and one of the best mobile applications as it is considered easy to use and lets you manage your credit cards, bank accounts, home, and auto loans anywhere, anytime, from one place on your mobile device. Caper the passwords and start banking on the go is the motto the company follows. 

Check account balances, pay bills, view payment activity, and transaction details, set up notifications just at your fingertips. The app is available in both Android and IOS. It is said if Capital One is in your wallet, then you have access to a slightly quirky but highly rated banking application. Furthermore, to keep trails of the purchase history and credit history, instant push notifications can be easily set up. 

Usually, we have a habit of misplacing things, but with a Capital One card, you can easily lock it with just a few taps on your device. This certifies that no one has access to your money until you turn the card back on. In case you are unable to do so, the customer care option is available, and you can report fraud directly from the app. It’s rated 4.7 out of 5 stars from clients in both the Apple and Android stores and is full of security and high functionality.

2. Ally

Ally is the branchless bank that runs its functionality through the bank website and mobile banking software. Accessing cash from an ATM is easy and make use of Allpoint ATM for free. As it is a branchless bank, it provides all the features in online itself. 

As a bonus in spirit, you can look for the stock market news directly from the app. The mobile application also allows you to download a built-in form called Card Control, which enables you to personalize your debit card. 

For example, you can set spending limits and control notifications. The bank application presents the up to date market news, which helps to make the best investment decisions. Additionally, Ally also has features covered with easy access to your statements and tax forms. The app is at one’s disposal on both Android and iOS. Ideally, by existing online-only, Ally Bank can offer higher rates and lower fees than other traditional financial institutions.

3. Chase Mobile Application

Chase mobile application is a digital banking master that assists its users in handling jobs such as paying bills, depositing cheques, transferring money, and much another banking drudgery. The Chase is among the first banking applications, which eventually keeps track of all your debts by allowing you to schedule payments for your Chase credit card.

In addition to this, the banking app has a separate offers and deals section where users can track and redeem rewards under the Chase Ultimate Rewards program. It provides total control over your money from wherever you are in the world, and you’ll never be captured shortly again.

4. Wells Fargo Mobile Banking Application

Wells Fargo is one of the best commercial banks that provide quick access to your bank account through mobile use. This app offers the user with different features and tools to manage the user’s bank and financial needs. It is available in both Android and IOS. Wells Fargo remunerates an individual’s funds when an illegal transaction is done through their account. 

The unique feature this app offers is you can directly deposit a cheque using the phone camera. Moreover, paying your bills is easy as you can set up Touch ID or Face ID to access it without your username or password. For the technophobes who would instead go old school or don’t want to be bothered to open the actual application, you can use text banking commands. 

Another notable feature that makes the Wells Fargo app strike the opposition is its cardless ATM access substitute, with this trait the customer’s don’t need to lug the cashless card around to ingress your paper notes via thousands of ATMs. The Wells Fargo bank is considered as the world’s fourth-largest bank by market capitalization. 

5. Bank of America

The Bank of America is the most popular and topmost banking application in the world that connects and promotes financial transactions for US-based accounts. This mobile application stands out because it offers exceptional security features that include a full refund to its customers in case of illegal and criminal transactions done from their account. 

For any assistance, users can easily reach out to a representative for help. The app is visually dynamic and offers superior technology and saving tools to its users. This application is different from other forms as there is a need to maintain a minimum balance, else you’ll be charged a maintenance fee.

6. Axis Mobile

Axis mobile is a user-friendly mobile application that will allow you to view your account summary, all your credit card transactions, transfer money to any account, or even set a motorized paying bill system, so you don’t have to niggle anymore about your bills. 

The application is available in seven regional languages for its user’s convenience. From viewing account balance and the latest statements to making payments and transfers, the mobile banking app has a unique potential for offering quality and functionality. It’s a bank in your pocket with cutting edge features and services satisfying more than just banking needs. 

7. Simple Mobile Banking App for Money Management

Simple is another branchless bank that runs operations through the website and mobile app. It is different from the traditional banking model. Simple is partnered with STARsf, which provides ATM access without withdrawal fees. It is available on both Android and iOS. Like many other applications, customers do not need to worry about sending money electronically. 

Furthermore, the app offers valuables with inbuilt money management quality. For instance, one can calculate a budget directly in the app. Its unique features will guide you on how much is left after setting aside cash for bills and necessities. 

The users can also put their savings on auto-pilot mode by merely instructing the app to set a little aside every day to help you meet different savings targets. Indeed, just like other banking applications, access to check the entire balance is provided any time and anywhere. But of course, the inbuilt financial management tools are the ones that make the app stand out.

8. Chime Mobile Banking App

Chime recently stepped into the banking domain as an only online organization and alongside, it brought a stellar mobile banking application with it. Truly created for the digital age, Chime offers one of the best user experiences ever spotted in a phone banking application. But anyway, it’s more than a pretty looking app, the users can use it as a proxy to your debit card to access your funds via more than 30,000 fee-free ATMs in the national MoneyPass network. 

Besides this, you can set up daily balance alerts and real-time transaction notifications. And to put the icing on the cake, the bank gives the users access to directly deposit money up to two days early in certain situations. Both Apple and Android users gave the application high ratings with positive reviews. 

9. USAA Mobile Banking App

The USAA Mobile app provides you with easy and secure account access from your mobile device. Manage your finances, investments, insurance, and more. USAA is a body founded by military members for military members and the United States. 

The application solely understands the individual needs of military servants and women and their families. With just a few clicks, you can transfer funds, make bills, deposit checks, and transactions can be done on your fingertips. 

10. Barclays Mobile Banking

Barclays mobile banking application holds the stature as one of the most sought-after banking services with over 5 million installs and promotes banking at your palm. The mobile app is accessible on both iOS and Android devices. 

The Barclays mobile app is honoured with a 4.6 stars rating by its customers. It offers a few impressively remarkable attributes along with rudimentary essential banking tools to help account holders carry out their everyday banking operations. 

The customers who own-rooted devices will not be able to interact with the Barclays mobile app as the app doesn’t assist the rooted devices. Similar to other phone-based banking apps, the Barclays app also allows customers to look over their current balance, access account details, send or receive money, and earn rewards. Another notable feature of Barclays is it helps in locating the nearest branch and cash machine. 

 Which app is best for Online Banking?

While cannot conclude that and every Bank has a dedicated team to develop, maintain and run these applications, the usability is always a decider. While most of the banking customers do enjoy using multiple applications, third party players such as Amazon Pay etc., do give a healthy competition and scope for improvement.