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    Home > Trading > What are the disadvantages of Mobile Banking?
    Trading

    What are the disadvantages of Mobile Banking?

    Published by Gbaf News

    Posted on April 21, 2013

    1 min read

    Last updated: January 22, 2026

    This image illustrates the concept of offshore trusts and their role in international banking strategies, emphasizing asset protection and tax advantages for financial planning.
    Offshore trust benefits for international banking strategies - Global Banking & Finance Review
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    Some of the disadvantages of mobile banking are:
    • Security: The one most prominent issue faced is security of the account information stored on the mobile devices.
    • Mobile banking users can receive fake messages regard disclose of key financial details as hackers here pose as lead banks or financial advisors.
    • Mobile banking users assume the cost of smartphone or tablet device and the data usage cost that make their mobile banking possible.
    • The consumer may experience a charge from the financial institution for using the service.

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