Technology is rapidly changing the way we live, especially when it comes to how we manage our personal finances. In the past, the bank, with its limited opening hours, was pretty much our only option. However, new developments mean that it is much easier for us to keep a track on our personal finances. Here’s how it’s changed.
As Apple famously coined in one of their TV ads, ‘There’s an app for that’. This is especially true when it comes to banking. Most banks have their own mobile banking apps that you can use to send and receive funds, or simply check your account activities.
One of the most useful and ground-breaking apps is the Pingit app from Barclays. This clever application allows you to send money to another person or business using just their mobile phone number. This eliminates the need to dish out your bank details and sort codes, making it an incredibly secure option. Plus, you don’t even need to be a Barclay’s customer to use it either.
Most banks operate on office hours, opening at nine at closing at around five. This can be incredibly inconvenient if you have a busy working life. Thankfully, online banking is accessible 24 hours a day and allows you to securely check the activity of your bank account.
Before, you had to have a desktop computer at hand to do this. Now, online banking is becoming incredibly flexible with the increasing popularity of tablet computers. A great range of brands and models are available from Viking Direct that will allow you to check your online banking wherever you are, as long as there is a Wi-Fi connection.
Telephone banking is another method for all you technophobes who don’t trust sharing your details online. This boasts all of the benefits of online banking but is simply done over the phone, through an automated system that uses your phone’s keypad.
However, if you have a strong accent to your voice, you may want to avoid telephone banking. The voice recognition software often struggles to recognise regional dialects, which can be frustrating when you have to repeat yourself over and over again. It is also important to note that most banks will charge for the call, so this isn’t the most economical of options.
You can learn more about the charges for telephone banking, here.