260 Views

what is the meaning and definition of anywhere banking?


Ram Royal 26th Oct, 2021
Answer (1)
Priyanka Singh 26th Oct, 2021

Hi,

I hope you are doing well.

Anywhere banking is the act of making financial transactions on a mobile device (cell phone, tablet, etc.). This activity can be as simple as a bank sending fraud or usage activity to a client’s cell phone or as complex as a client paying bills or sending money abroad. Advantages to anywhere banking include the ability to bank anywhere and at any time. Disadvantages include security concerns and a limited range of capabilities when compared to banking in person or on a computer.

Mobile banking is very convenient in today’s digital age with many banks offering impressive apps. The ability to deposit a check, to pay for merchandise, to transfer money to a friend or to find an ATM  instantly are reasons why people choose to use mobile banking. However, establishing a secure connection before logging into a mobile banking app is important or else a client might risk personal information being compromised.

Related Questions

Amity University, Noida B.Com...
Apply
Ranked as India’s #1 Not for profit pvt. University by India Today
Chandigarh University Admissi...
Apply
Ranked #1 Among all Private Indian Universities in QS Asia Rankings 2025 | Scholarships worth 210 CR
UPES Dehradun | B.Com Admissi...
Apply
#41 in NIRF | 50 LPA Highest CTC, Ranked #1 in Academic Reputation in India by QS World University Rankings | Last Date to Apply: 28th Feb
MAHE Manipal M.Com Admission...
Apply
Accorded Institution of Eminence by MoE, Govt. of India | NAAC A++ Grade | Ranked #4 India by NIRF 2024
Manipal Bengaluru B.Com 2025
Apply
Accorded Institution of Eminence by MoE, Govt. of India | NAAC A++ Grade | Ranked #4 India by NIRF 2024
MAHE Manipal B.Com Admissions...
Apply
NAAC A++ Grade, Ranked #4 India by NIRF 2024 | Accorded Institution of Eminence by MoE, Govt. of India | 19 LPA Highest CTC
View All Application Forms

Download the Careers360 App on your Android phone

Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile

150M+ Students
30,000+ Colleges
500+ Exams
1500+ E-books