Opening a new bank account online comes with several benefits for the customer. IDFC FIRST Bank, for instance, offers secure access to all banking services through its online savings accounts. Additionally, banks offer special savings-friendly features through online accounts like IDFC FIRST’s Zero Fee Banking. This article enlists tips that you must follow while opening a new bank account today.
Table of Contents
1. Opt for an online account opening procedure
In 2023, the best way to open a new bank account is an online savings account opening. By choosing an online savings account, customers can control their finances better and access their banking services more securely. Furthermore, banks offer savings-friendly features through their online savings accounts. For example, IDFC FIRST Bank brings to you the “Zero Fee Banking” feature, waiving off 28 commonly-used savings account service charges and helps customers increase their overall savings. These charges include IMPS (Immediate Payment Service) transfer fees, RTGS (Real-Time Gross Settlement) transfer expenses, SMS alert fees, and ECS return charges.
2. Prioritise high savings account interest rates
Let us continue with the example of IDFC FIRST Bank’s online savings account. Besides Zero Fee Banking, IDFC FIRST Bank helps customers save in two major ways. Firstly, the bank offers a competitive interest rate of up to 6.75%. Secondly, the bank offers monthly interest credits that add to the customer’s savings. These two features, combined with Zero Fee Banking, help customers significantly grow their savings. You must opt for an online savings account that is geared to help you save more in the long run.
3. Choose a savings account that facilitates fast and secure online transfers
IDFC FIRST Bank offers two secure modes of online money transfer – Auto Pay and One-Swipe Pay. Customers can automate their online fund transfers using the Auto Pay feature and can quickly transfer funds to any recipient by swiping on their app using One-Swipe Pay. Besides these modes, the app also facilitates UPI (Unified Payments Interface), IMPS, NEFT (National Electronic Funds Transfer), and RTGS transfers.
4. Your bank should offer seamless access to all services through its mobile app
IDFC FIRST Bank customers can open a Fixed Deposit (FD) account, sign up for a personal loan, and also check their bank balance using the IDFC FIRST Bank mobile banking app. Furthermore, IDFC FIRST Bank customers can directly download their bank statements through the app. You can easily contact IDFC FIRST Bank’s customer service through the app.
5. Select a mobile service that helps you budget better
IDFC FIRST Bank’s app offers a feature called Track Your Expenses. This feature helps customers categorise their previous expenses and infer learnings from them to save more in the future. Track Your Expenses also helps customers budget better monthly. You must also analyse the technical resilience of the bank’s mobile app before signing up for its savings account.
Customers can access any banking service directly through their banking apps today. Banks are focusing on making their mobile apps technically resilient and secure to help customers better access their bank accounts.