{"id":13024,"date":"2020-10-13T08:57:30","date_gmt":"2020-10-13T08:57:30","guid":{"rendered":"https:\/\/www.mymoneysouq.com\/financial-blog\/?p=13024"},"modified":"2021-08-26T12:16:56","modified_gmt":"2021-08-26T12:16:56","slug":"all-about-mobile-banking-in-the-uae","status":"publish","type":"post","link":"https:\/\/www.mymoneysouq.com\/financial-blog\/all-about-mobile-banking-in-the-uae\/","title":{"rendered":"Mobile Banking in the UAE – Registration, Pros & Cons"},"content":{"rendered":"\n

Mobile Banking is a way to perform financial transactions and various other banking activities using mobile phones. In the digital age, where most of the banks are providing mobile banking facilities with impressive and user-friendly mobile applications, banking has become easy and convenient. Any banking customer can avail services anytime, anywhere without the need to visit the bank.   
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Previously, for any financial transaction like transferring money to other accounts, know bank account balance, apply for a debit card, cheque book, etc. banking customers had to visit the bank. But with this massive rise in technology, banking became comfortable where we can just use our phone and get things done in a short time. <\/p>\n\n\n\n

Check: <\/strong>How to take your ATM balance check<\/strong><\/a><\/p>\n\n\n\n

Types of Mobile Banking <\/strong>
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The idea of Mobile Banking service is to make banking easy and quick for the customers.  This banking way works in different ways and two most important and widely used types are,  
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-> Through Mobile applications<\/strong><\/p>\n\n\n\n

Mobile Banking through mobile applications is a well aware and widely used service. Every bank has their own mobile application which is provided for free. Customers who have a smartphone can download the mobile application and register with account details. Banking using mobile apps is very popular because it is not just about checking balance and getting notified about any activity in the account. You can transfer your funds to other accounts, pay bills, apply for a new debit card, cheque book, and even apply for new bank accounts through the app and much more. 
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-> Through SMS<\/strong><\/p>\n\n\n\n

Banking customers who don\u2019t have a smartphone can avail text message alerts on their phone by registering for Mobile Banking. These alerts can be of bank balance, any deposits, withdrawals, debit and credits into the account. Some banks provide this service for free while some charge a minimal fee. <\/p>\n\n\n\n

In the UAE, Dubai Islamic Bank charges AED 5 per month for SMS banking. Banks like ADIB, ADCB, CBD provides SMS banking service for free. 
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SMS banking is not just limited to one-way alerts, but a customer can also send their bank a message. Each bank has SMS codes for services like account balance, mini statement, etc. 
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For instance, to know account balance, banking customers can send a particular SMS code to the number provided by the bank from their registered mobile number. But SMS banking is limited to only certain activities like account balance, last transaction, blocking cards, etc. <\/p>\n\n\n\n

Also, read: All about Online banking in the UAE<\/a><\/strong><\/p>\n\n\n\n

Advantages of Mobile Banking <\/strong><\/h3>\n\n\n\n

One of the biggest advantages of Mobile Banking is Easy banking. There are several banking activities you can perform through the app provided by the apps. 
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