What are the disadvantages of Mobile Banking?

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.

Related Articles