Text banking is a service offered by many financial institutions that allows customers to access and manage their bank accounts through text messages (SMS) on their mobile phones. It provides a convenient way to perform simple banking tasks without needing internet access or a smartphone app. Some common functions of text banking include:
1. Account Balance Inquiry: You can text a short code or a specific number to receive your current account balance.
2. Transaction History: Request recent transactions or details of your last few deposits and withdrawals.
3. Funds Transfer: Transfer money between accounts or to other people (depending on the bank's features).
4. Alerts and Notifications: Set up text alerts for account activity, such as large transactions, low balances, or upcoming bill payments.
5. ATM or Branch Locator: Find the nearest bank branches or ATMs by texting a code or keyword.
Text banking is typically set up through your bank's online banking system or customer service, and you would usually need to register your mobile number with the bank to use the service.
Since it's based on SMS, it doesn’t require an internet connection, making it useful for people with basic mobile phones or in areas with limited data service.
To enroll in Text Banking follow the instructions here.