In this modern era, we should utilize every technology that is accessible to improve our quality of life. One of the best technology is online banking! You must be thinking that online banking does not have a lot of benefits since you still have to go to the bank sometimes. However, there are actually many benefit of online banking in malaysia that you don’t know of! Continue reading this article to learn more.
Go Cashless!
If you use online banking, you don’t have to carry a lot of cash in your purse. You can make payment by transferring the money to the vendor’s bank account, using QR payment and others. Experts also suggest that paying with cash is less convenient than using online payment. This is because online banking is safer as your money won’t easily get stolen since you don’t bring cash everywhere! Also, it is cleaner because as we know, cash notes are one of the things that carry a lot of bacteria and viruses since many people handle them on daily basis.
Pay Your Bills Online
You can pay your bills online through your bank’s website by only having to fill out the biller’s information once. After that, you can choose that biller every time you need to pay your bills. Most banks will let you set up automatic payments that happen every month for the same amount. This feature is helpful for expenses that stay the same month to month, like a car payment or insurance policy. This way, no more panicking if you forgot to pay your bills on time and no more overdue fee!
Monitor Your Usage
You can check your account history and transactions from anywhere with online banking. This is the fastest way to check if a transaction has gone through your account. It also lets you find out about unauthorised transactions faster so you can report them to your bank and avoid your money to be stolen!
Just Download the App!
Another benefit of online banking in malaysia is most banks nowadays offer mobile apps that you can use by installing on your smartphone! Therefore, you can have quick access to your account when you’re outside. If you’re out shopping or having meals outside, you can check your transaction history using the app to see if your account is charged the same amount as the vendor charged you.
High Security
Compared to taking out money in your wallet, it is harder to take out your money from your online banking account. This is because the app will usually ask for your username and password before you can access your account. Therefore, make sure to use a strong and unique password! Also, since biometric technology has upgraded, some mobile banking apps asked for your fingerprint or face ID before you can log in to your bank account. This proves the high-security level of online banking!
If you want to learn more about this topic, visit benefit of online banking in malaysia to learn more about it.