Mobile Banking Stocks List
Symbol | Grade | Name | % Change | |
---|---|---|---|---|
CM | B | Canadian Imperial Bank Of Commerce | 0.63 | |
FTEC | B | Fintech Select Ltd. | 11.11 | |
PAY | F | Payfare Inc | -1.16 |
Related Industries: Banks - Global Industrial Metals & Minerals Software - Infrastructure
Symbol | Grade | Name | Weight | |
---|---|---|---|---|
RBNK | C | RBC CDN Bank Yield Index ETF | 25.87 | |
ZEB | C | BMO S&P/TSX Equal Weight Banks Index ETF | 18.38 | |
HEB | A | Hamilton Canadian Bank Equal-Weight Index ETF | 18.3 | |
HBNK | C | Horizons Equal Weight Banks Covered Call ETF | 18.29 | |
CIC | C | First Asset CanBanc Income Class ETF | 16.74 |
Compare ETFs
- Mobile Banking
Mobile banking is a service provided by a bank or other financial institution that allows its customers to conduct financial transactions remotely using a mobile device such as a smartphone or tablet. Unlike the related internet banking it uses software, usually called an app, provided by the financial institution for the purpose. Mobile banking is usually available on a 24-hour basis. Some financial institutions have restrictions on which accounts may be accessed through mobile banking, as well as a limit on the amount that can be transacted. Mobile banking is dependent on the availability of an internet or data connection to the mobile device.
Transactions through mobile banking depend on the features of the mobile banking app provided and typically includes obtaining account balances and lists of latest transactions, electronic bill payments, remote check deposits, P2P payments, and funds transfers between a customer's or another's accounts. Some apps also enable copies of statements to be downloaded and sometimes printed at the customer's premises. Using a mobile banking app increases ease of use, speed, flexibility and also improves security because it integrates with the user built-in mobile device security mechanisms.From the bank's point of view, mobile banking reduces the cost of handling transactions by reducing the need for customers to visit a bank branch for non-cash withdrawal and deposit transactions. Mobile banking does not handle transactions involving cash, and a customer needs to visit an ATM or bank branch for cash withdrawals or deposits. Many apps now have a remote deposit option; using the device's camera to digitally transmit cheques to their financial institution.
Mobile banking differs from mobile payments, which involves the use of a mobile device to pay for goods or services either at the point of sale or remotely, analogously to the use of a debit or credit card to effect an EFTPOS payment.
Popular Now
Recent Comments
- Deaddog on Deaddog Trades; Go ahead ask questions.
- Cos3 on Deaddog Trades; Go ahead ask questions.
- Deaddog on Deaddog Trades; Go ahead ask questions.
- SwingTradeBot on Market Recap for Tuesday, February 27, 2024
- SwingTradeBot on Market Recap for Monday, February 26, 2024
From the Blog
Featured Articles