Top 5 Must-Haves of a Mobile Banking App

 

Not too long ago, the only way to get hold of a savings account was to physically visit a bank. Today, with lots of technological advancement, opening a savings account with just a couple of clicks on your mobile device is fast becoming the new norm.

Leading the change on this front is PSBank, which recently launched the Online Account Opening feature of its mobile banking app. The bank’s primary reason for this feature is simple -- to make banking hassle-free and safe for Filipinos by bringing the first step of digital banking right at their fingertips.

In choosing a banking app, here are the top five must-haves:

Advanced/Cutting-Edge Features

 

Suffice it to say, times have changed. With online banking, you get to do a variety of financial transactions while at the safety of your home. What’s cool about the PSBank Mobile app is you can now open a peso savings or prepaid account via the app with just one valid ID and a selfie. It also offers a wealth of built-in money management features and powerful functionalities which lets you do your banking requirements such as pay bills, transfer funds using account number or QR code, monitor your accounts in real-time, P2P payment using PayMe, grow your money through time deposit placement, apply for a loan, even deposit checks 24/7 and a lot more in between watching your favorite shows on Netflix or while sipping a cup of coffee at home.

Convenience

Let’s face it—who has time to wait in line and accomplish transactions within limited banking hours? There’s a lot you can do with the time you’ll spend visiting a bank. The simple, intuitive design and navigation of the PSBank Mobile app allows you to complete banking tasks with just a few taps on your smartphone and the app wherever you are, whenever you want. Yup, that’s as quick and easy as it gets.

Security

With the rise in cyber fraud and financial scams, you would definitely need assurance that your hard-earned savings or accounts are secure. What’s great about the PSBank Mobile app is you can securely log in to the app using either face or fingerprint ID and transactions are authenticated by an OTP (One-Time Password) sent to your registered mobile phone.  Moreover, the app has an ATM Lock feature which allows you to lock/unlock your ATM card account/s to prevent it from unauthorized use.

Control

Nothing beats being able to access, manage, and move money as you see fit – from anywhere at any time. In addition to being able to perform banking tasks, you can also schedule transactions with the all-around PSBank Mobile banking app so you will not fall behind on your bills, forget to send money or reload your mobile phones. It also has and allows you to manage alert notifications for things like loan due date, withdrawal and other debits, and account balances.  

24/7 Access to Customer Service

Well-designed mobile banking apps make it clear how to get help fast. Assistance via the PSBank Mobile app come with a simple tap and in the form of LiveChat, phone, email or filling out an online form.

The PSBank Mobile banking app truly packed with powerful functionalities and more. It’s one of the most complete, reliable, and user-friendly banking apps in the market today.

“Our commitment to innovation, convenience, and safety is what drives us to keep adding new features in our mobile banking app that we know would be of great help to Filipinos who live in an ever-increasing digital world. And we’re just getting started. There’s so much more to look forward to in the coming months,” said Noel Tuazon, PSBank Senior Vice President & Marketing Group Head.

Download the PSBank app from Apple Store or Google Play Store today. For more information, please visit  psbank.com.ph/other-products-and-services/other-products-and-services/product-lists/psbank-online-account-opening/

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A PSBank Reminder: #SimpleLangToBeAware

In this digital world, almost all people has their social media accounts. Even children and babies do have social media accounts. I did a Facebook account for my son too. But I never encouraged him to use his account, instead I just tagged him whenever we have photos.

I know the risks we have to face my doing such, so we are really careful on what to post about him. Because we will never know when the cyber criminal will attack. Anyway, speaking of cyber criminals, we should be careful in sharing our personal information online. Here are PSBank's reminder that sharing isn't caring. #SimpleLangToBeAware

From the Press Release Kit:

Filipinos comprise one of the largest digital communities in the world. We thrive on increased connectivity and communication, primarily via social media. It has never been easier to share content online as it is today, from articles from our favorite sites to moments from our everyday lives.

With increased sharing, however, comes a bigger target on your back, which cybercriminals will be happy to hit. They are always on the lookout for any bit of personal information that they could abuse. Your identity might get stolen, huge loans might get credited to your name without your knowledge, and your whereabouts can be traced, leaving you vulnerable to all sorts of crimes.

As such, PSBank reminds everyone that it is important to review the information that we share and post online. Moreover, the Bank says that it is also equally crucial to safe keep personal and financial records properly.

Here are some tips on what you can and cannot share in a public domain:

Never post photos of valid Identification Cards online. Once scammers and cybercriminals get hold of a photo of any of your valid IDs (e.g. PRC, TIN, SSS), they can use your personal information in these IDs to apply for big loans. Keeping photos of your IDs in your phone is also discouraged.

Do not fill up your profiles. While it becomes more convenient from your friends and relatives to know your whereabouts if you post your address and contact details, you also leave yourself vulnerable to hackers and criminals. Also avoid posting your complete birthdays, your exhaustive employment history, and your complete family lineage in social media.

Refrain from posting all of your travel plans or photos, particularly while you are still in the middle of your trip. Not only do you let potential cybercriminals know your current location, you also indirectly tell them that your home residence is currently unattended and vulnerable. Just share some (not all) of your photos after you have arrived back home.

Do not post photos of extravagant or expensive purchases. Yes, buying that dream car or watch may be a fulfilling experience that makes you happy, but don’t get so excited that you act carelessly. Posting indicators of wealth attract scammers and criminals.

Protect your medical records and information. Cybercriminals may use your personal medical details to gain benefits for themselves—drug purchases, false insurance claims—and you may end up paying for all of these. Do not post any medical details online, and properly dispose medical records, prescriptions, and other similar documents.

Properly dispose receipts, pay slips, bank statements, and other similar documents. Shred or dampen these documents, or do anything that could make the details unreadable.

When going out, bring only the necessary cards, IDs, and/or official documents. It is unwise to stuff all your cards in one wallet. Bring only what you need for the day.

“We live in an increasingly connected world where information is created and shared at a fast pace,” says PSBank First Vice President for Information Security Dan Jose D. Duplito. “We must be wary of information we carry with us and post online, because even one small personal detail could become the last missing piece that fraudsters need to compromise your identity or online accounts," he added.

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About PSBank

PSBank is a key player in the Philippine consumer banking industry. The Bank emerged as the 2nd strongest bank in the Asian Banker's AB500 annual ranking 2016-2017 edition. PSBank is the only savings bank that has consistently cornered a spot in the list of the top 10 strongest banks in the country for six consecutive years. We have expanded our network to more than 250 branches and more than 600 ATMs nationwide.

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