276 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
Among top 100 Universities Globally in the Times Higher Education (THE) Interdisciplinary Science Rankings 2026
ICFAI University Tripura B.Co...
Apply
Awarded as the most Promising brand | Meritorious Scholarship available
VIT Chennai BBA Hons./B.Com H...
Apply
#14 in India by NIRF Ranking | Institution of Eminence by Govt. of India | Scholarships Available | Highest CTC 1 Crore
Manav Rachna-MRIIRS | B.Com A...
Apply
Recognized as Category-1 Deemed to be University by UGC | 41,000 + Alumni Imprints Globally | Students from over 20+ countries
Chandigarh University Admissi...
Apply
NAAC A+ Accredited | Among top 2% Universities Globally (QS World University Rankings 2026)
RV University, Bangalore | B....
Apply
High-quality global education at an affordable cost. International exchange programs & collaborations
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