What is the difference between Mobile Banking and Internet Banking? - ProProfs Discuss
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What is the difference between Mobile Banking and Internet Banking?

Asked by T. Lopez, Last updated: Jul 16, 2020

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G. Roland

G. Roland, Professor, Austin

Answered Apr 26, 2020

Mobile banking is a service that allows the customer to perform banking dealings using a cellular device, and internet banking is a banking operation executed over the internet through the institution’s website. Mobile banking provides its customers with the ability to download the bank’s application onto your phone.

In contrast, with internet banking, you may directly approach the bank’s online portal retained by a server developed by the bank. Mobile banking performed through mobile telecommunication devices utilized for authorizing internet banking transactions.

It requires the use of technological equipment such as computers or laptops. In internet banking, a customer can employ almost any action online that he or she would be capable of enacting in person.

 

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