5 Key Advantages of Opening a Savings Account on the Mobile App

by Alin Robert
Savings Account

You could open a savings account from the mobile app of the bank. It is much safer to open an account on the app rather than visiting the nearest branch due to the pandemic. It is not very different than opening an account by visiting the bank branch. You could follow social distancing protocols and be safe and comfortable while opening an account. Apart from that, opening an account on the mobile app has its benefits. Given below are 5 key advantages of opening an account on the mobile app

  1. It is easy to open an account on the mobile app

Opening a savings account on the mobile app is very similar to opening an account by visiting the nearest branch. It gives you the freedom to open your bank account at any time and not during the bank’s work timings. There are easy processes and guidance is provided through every step of the process. 

  1. You have complete security 

The mobile application offers you complete security as it is end-to-end encrypted, which means no one except you and the bank would know about the transaction made by you. The app is locked by a password that is set by you. The mobile app is trusted by most people due to its security. As the level of security is very high, many new people are looking to open their savings account on the mobile app.

  1. It gives the people a self-user experience

The bank gives the people a self-user experience and reduces the chances of miscommunication. The user needs to fill in all the necessary details to open a savings account by themselves on the app and submit it to the bank. This process is reducing the number of errors that used to be caused while opening an account in the bank. People are opening an account on the mobile app due to this process as visiting the bank branch and waiting in a queue to open your account is not considered to be safe anymore due to COVID 19.

  1. You could open an account paperless

You could open an account via the mobile app paperless! You would be asked to fill the form online. The documents are shared quicker and you receive the documents from the bank via email on your registered email id. It saves you a lot of trouble keeping a record of your documents and keeping them safe. Most people prefer to open their account paperless as it is convenient and it saves the environment as well.

  1. You could access additional features of the mobile app

Opening a savings account on the mobile app has a few additional features which you could avail yourself via the mobile app. You get various offers and rewards for using the mobile app of the bank. Sometimes banks have tie-ups with various brands and send coupon codes for their users to avail themselves. These coupon codes have an expiry code so make sure you use it before it expires!

We hope that this article has proved to be useful! Thank you.

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