Some mobile banking features allow customers to access their accounts on the go, make transfers between accounts, make separate deposits and pay bills using their phones. These features offer customers more convenience and security with their money and are widely available through smartphone apps, notes Bankrate.
Not all banks provide mobile banking in the same way, but generally the features of mobile banking apps are much the same. They are geared towards allowing people to manage their money from the convenience of a smartphone.
The most basic feature of mobile banking is allowing customers access to their account balances no matter what time it is and no matter where they are. In addition to keeping customers up-to-date on how much they have to spend, this feature is designed to notify them if any pending bill payments or deposits have posted. Being able to transfer money between two accounts or make a general deposit are two other basic feature of mobile banking.
One feature some mobile banking apps offer is a map of ATMs local to a customer's current location. This feature can locate specific types of ATMS as well, such as 24-hour ATMs or talking ATMs, as noted by Bank of America.