Should you be using mobile banking?

Technology

The use of technology and smartphones is increasingly becoming part of our everyday lives. Should you be making use of mobile banking to keep track of your finances?

That’s a decision best left to you. However, mobile banking is becoming more secure. This is thanks to the implementation of fingerprint biometric scanners and facial recognition software built directly into smartphones. These sophisticated measures give an extra layer of security to your mobile banking experience.

How would mobile banking help me?

So what is the real benefit of mobile banking? Well. You can see your money in real time. Transactions coming in and out plus pending transactions as well as a full drill down of your overall financial situation.

This can help you to keep track of your money and where it is going to and coming from. You should be able to see precisely when and where your money is being spent. This will enable you to quickly take control of your finances and make accurate spending judgements.

Budgeting

This power to take control of your money means accurate budgeting. Also, less time spent in the red which will do wonders for your credit rating as well as your sense of financial security.

Impact on applying for a short term loan

This also allows you to judge more accurately when you can take on a loan to get that little extra you have always wanted. Perhaps when you may need to take out a loan to cover a financial gap from unexpected costs. With the total picture of your current financial situation available at your fingertips, keeping track of your loan repayments becomes more comfortable and more accessible.

When you are ready to take out a loan, Moolr has access to a wide range of bespoke finance offers available for you to choose from. You can be sure to get the best deal that’s right for you and your finances.

 

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