Bitcoin Forum

Banking has changed with the times, and now there are a variety of options available. Here’s your guide to mobile banking versus traditional banking.
https://selfkey.org/mobile-banking-vs-traditional-banking/

Which do you prefer?

Mobile banking is much easier to do and accomplished, unlike in traditional where long wait in line is needed. Less hassle and convenient in mobile banking as long as we know how to safeguard our accounts and not be tricked by phishing sites and scamming product offered.

I am an ardent fan of mobile Banking but I don't use bank services a lot.
In my opinion, we are living in a digitalized world where traditional banks do not have any place. They charge amazingly high fees without any reason while you can find cheaper solutions on mobile banks.

World has changed while internet was been founding. Bank was founded on 1472 in italy https://en.wikipedia.org/wiki/List_of_oldest_banks_in_continuous_operation

Then, internet was founded on 1969 https://en.wikipedia.org/wiki/History_of_the_Internet

After internet founded we know how to chatting or calling with each other. It's same like telephone was not used again in this era
Life becomes easier with internet, most of the time we spend in internet. So, i think traditional banking will not be used again in the future.

Everyone will prefer mobile banking to avoid going to banks and waiting in long queues. Banks are required only for account opening, collection of cheque books/debit cards. I dont remember when I visited my bank last time everything is done from mobile.

actually i dont really use banking service that often because since i am into crypto now,i find no use of them anymore(not unless some dealings that need bankings so i am using them)but i much prefer using crypto wallet because of faster and lower fees offered,and same thing that is why i am proud of my countries stand for crypto,we can have access to our finances directly and easily using our mobile wallets.

Mobile banking is better than traditional banking because through mobile banking we can make transactions very easily wherever we are. Because many people think traditional banking is a problem because it has to work on time it has to stand in line I could not do the transaction That's why mobile banking is good.

I prefer to keep my savings in gold in my safe deposit box. Although mobile banking attracts me with its technology

Mobile and internet banking has made our lives easier.

No need to go for queues and be impatient about the long line. Very quick and easy, with just few clicks away from your home, you can transact, pay everything you want and even deposit to your other accounts.

Already traditional banking system were killed by the technology development even from the under developed countries people doing online transactions.

There is no reason to prefer the old method over the easy mobile baking method for any kind of transactions and bill pays.

I think mobile banking is sweet the rationale for this is often that mobile banking offers many advantages over general banking because it's much easier to use However, there also are some disadvantages, like the quantity of the transaction is extremely low and therefore the cost is slightly higher.

Yes, and dealing with the "security measures" of internet banking are a PITA. Maybe yours is dreamy, but ours we get nagged with periodic password change, a special code sheet required for certain operations, the idiotic page kicking you after 60 seconds of inactivity, copy and pasting someone's account, name, id number etc. Be unable to pay service a in bank b, once i had a bug where i transfer an amount to my self and the thing decided to do it 3 times until it used all the money (thankfully it was to myself and not somebody else) when these kinds of thing happen, you are supposed to go to the bank to complain.

Its nice when you can avoid the queues, but not so nice that you have to use a bank in the first place. My country became cashless by force (of inflation) so people depend on debit cards (because credit cards stopped). I have done bitcoin transactions, and i would rather not bother with banks ever again.

Besides when you have to open a bank account, is not a pleasant experience. There is no need for any of this with bitcoin. Did i mention how long it takes to transfer money to yourself to another bank where you also have an account? And people complain about Bitcoin being slow... And then there is theft. Well when my country's coin went worthless, these stopped as the robbers no longer consider it worth it, but it used to be common to point a gun to someone and force them to withdraw all from an atm, or clone their debit card and capture their pin at the atm, or clone the debit card at a shop after you made a purchase (since they already got your card and pin).

Banks, i don't need. Fractional reserve banking, even less. Banks only started (openly) doing fractional reserve by the 20th century, when coins stopped using precious metals, they didn't just became paperweight physically, but also in value. But few people know the truth about banks and fractional reserve, and some fools even think the banks keep their money safe.

Answer: I prefer Bitcoin, screw banks, mobile or not.

I prefer mobile banking and this makes me feel easy, fast and comfortable.  After all the times have changed where everyone needs speed and ease.

Glad to join you to discuss this issue. I prefer mobile banking to traditional banking. It simply meets the needs of modern life. Nowadays, the way to invent new mobile payment with more and more diversified utilities, the challenge for the banking industry is to create mobile banking applications to overcome the common payment features, become a financial management tool, payment, shopping, consumption ...

I also like mobile banking which is very effective in easy and fast transactions. However less money can be traded than traditional banking Because everything has its advantages.

Both mobile and traditional banking have advantages and disadvantages, I prefer mobile banking because we live in a world of speed, In my opinion, going to traditional banks is an old thing, because through the mobile phone, all transactions are completed, such as withdrawing, depositing and sending money in minutes, But as you mentioned in the article, the big negative in mobile banking is the technological breakdowns that may happen in the mobile banking application and may lead you to go to the traditional banks to complete what you want.

Personally, I prefer mobile banking bue to how convenient it is. Via mobile, international transactions can be done in secs, change personal info..,etc. But both mobile and traditional banking have advantages and disadvantages which makes combining both a much sensible idea. For example, renewing your card on mobile but collect it from your nearest bank branch. In my opinion, it feels a bit safer.

I can also imagine one day no one's using an actual card, so the mobile banking or e-Wallet is deffo gonna take over.

I prefer mobile/online banking because its way convenient especially if you dont have time to personally go to bank and do transactions.

But for me there's a limitation, I dont often transact in mobile. My main purpose for using it is to monitor my funds everytime I withdraw or deposit.

Its been a while since I visited the bank and update my account.

I have both, bitcoin and the banks. I'm telling my experience about them and it's a necessity in my place because there's still no store that accepts bitcoin as payment.

I also prefer bitcoin but with the situation that I have now, it's necessary to use the bank's service although my bank account contains less than the amount that I have with my bitcoin investment.

I want prefer mobile banking best service for that all but personally i don't use anyone banking services yet because happy to line i am in here Cryptocurrency. Bank service other helpful center if you in here then you can understand so you can open if you want others facilities.

Mobile banking all the way, mobile have make alot of things easier for human race, all the transactions you need to do is at your fingertips in your comfortable home,office or anywhere in the world.

It seems to me that we should not go to extremes. At first, people are convinced of the correctness of one path, then they deny it and do the opposite. All we need is to be reasonable, which means that we don’t have to go from one extreme to another.

I haven't been in a bank for years. I am basically doing everything mobil. More and more people will switch to mobil banking since the older generations (which are used to traditional banking) will pass away sooner or later. There is no need for five different local banks in every small town anymore.

Traditional banking and mobile banking are actually the same or one, without traditional banking and you won't be able to take care of lost, damaged ATM cards and activate mobile banking

Mobile banking is a product of traditional banks, without traditional banks, mobile banking would not exist

I'm an avid user of Revolut, and I can safely say i enjoy it to the fullest.
Total control of my money, and nifty options to invest in both stocks and crypto.

and Mobile Banking is much safer than going personally in Branches of banks because the risk of being robbed is there.
exactly we can just sit everywhere while doing transactions not like in Traditional banking that you need to wait for your turn and be bored inside the bank.

I prefer to do what I'm comfortable and not always mobile banking is so. It’s even hard for me to give an example right now, but several times I came across a similar one. Let's just say, in some cases, you need to see a person who is responsible for your money and who can be asked questions to get an instant answer.