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Rotich, a civil servant has opened a bank account with a local bank. What are the benefits of activating his account for M-banking?

      

Explain to Rotich any benefits of activating his account for M-banking.

  

Answers


Maurice
(i) Convenient as he can use the service whenever he wants.

(ii) Reduced transaction charge since the service is cheaper than transacting over the counter.

(iii) Can transfer his money between his accounts in the same bank or in different banks.

(iv) Can check account balance to know how much he has in the accounts through sms.

(v) Pay bills for example, worker's wages and electricity.

(vi) Receive/ check most recent transaction details.

(vii) Can top-up mobile phone airtime.
maurice.mutuku answered the question on July 19, 2017 at 13:29


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