10 Difference between Mobile Banking and Internet Banking (With Table)

What is the main difference between mobile banking and internet banking? The former can be accessed through mobile devices, while the latter can be accessed via internet connected to devices.

Technological advancement is making access to money from banks accessible and convenient to people. Many can send and receive money from around the world via mobile or internet banking.

We wrote this article to provide detailed explanation about the differences and similarities between mobile banking and internet banking. Take the time to read the entire post for better understanding.

Difference between Mobile Banking and Internet Banking with Table

Basic Terms Mobile Banking Internet Banking
Access Device Accessed via mobile devices (smartphones or tablets). Accessed through internet-connected devices (computers, laptops, or mobile devices).
Mobility          Offers banking services on-the-go, allowing for anytime, anywhere access. Requires a stable internet connection and is generally used in fixed locations.
Accessibility Accessible through mobile apps or SMS/text messages. Accessed through web browsers, requiring an internet connection.
Features         Provides a subset of banking services tailored for mobile usage, often with simplified interfaces. Offers a full range of banking services, including complex transactions and detailed account management.
User Interface Designed for smaller screens and touch-based interactions. Typically optimized for larger screens and traditional input methods (keyboard and mouse).
Convenience Offers enhanced convenience for quick balance checks, fund transfers, and mobile payments. Suitable for more comprehensive banking tasks and in-depth financial management.
Security Emphasizes security through features like biometrics, PINs, and device authorization. Relies on standard online security measures, including usernames, passwords, and multi-factor authentication.
Transaction Limits May have transaction limits or restrictions for security purposes. Generally allows higher transaction limits due to the more robust security infrastructure.
Data Usage Consumes less data compared to internet banking, making it suitable for mobile data plans. Requires more data due to the richer online banking experience, which may not be suitable for limited data plans.
App Availability Often requires users to download and install a dedicated mobile banking app. Can be accessed directly through web browsers without the need for app installation.

What Is Mobile Banking?

Mobile Banking refers to a financial service that allows individuals to conduct various banking and financial transactions using their mobile devices, such as smartphones or tablets.

It provides customers with the flexibility and convenience of managing their financial affairs anytime and anywhere, without the need to visit physical bank branches.

Mobile banking applications (apps) or mobile-friendly websites enable users to perform a wide range of activities, including checking account balances, viewing transaction histories, transferring funds between accounts, paying bills, depositing checks through mobile check capture, and even making mobile payments or purchases.

Security features such as biometric authentication, PINs, and encryption ensure the safety of mobile banking transactions.

Mobile banking has become increasingly popular due to its accessibility and user-friendly interfaces, revolutionizing the way people interact with their banks and manage their finances in the digital age.

What Is Internet Banking?

Internet Banking, also known as online banking or web banking, is a digital banking service provided by financial institutions that allows customers to perform a wide range of financial transactions and banking activities over the internet.

Through secure websites or mobile apps, customers can access their bank accounts, check balances, view transaction histories, transfer funds between accounts, pay bills, set up automatic payments, and manage various financial products and services.

Internet banking offers convenience, flexibility, and 24/7 accessibility, allowing users to conduct their banking activities from the comfort of their homes or anywhere with an internet connection.

It also provides features like electronic statements, online loan applications, and the ability to communicate with customer support through digital channels.

Stringent security measures, such as encryption, multi-factor authentication, and constant monitoring, are in place to protect users’ sensitive financial information and ensure the safety of online transactions. Internet banking has become a fundamental aspect of modern banking, offering customers greater control and efficiency in managing their finances.

Main Difference between Mobile Banking and Internet Banking

  1. Internet banking involves banking transactions conducted over the internet through a personal computer, usually via the bank’s website. Mobile banking, on the other hand, allows customers to perform these transactions using mobile devices like phones or tablets.
  2. Mobile banking relies on mobile telecommunications devices, while internet banking is carried out using computers or laptops.
  3. Mobile banking utilizes methods like Short Message Service (SMS), mobile applications, or web interfaces, whereas internet banking is primarily accessed through a bank’s website.
  4. In mobile banking, funds can be transferred using IMPS, NEFT, or RTGS. In contrast, internet banking allows funds to be transferred between banks or branches using NEFT or RTGS.
  5. Internet banking offers a broader range of services compared to the more limited functions of mobile banking.

Similarities between Mobile Banking and Internet Banking

  1. Both Mobile Banking and Internet Banking are digital banking services.
  2. They provide convenient access to account information and transaction capabilities.
  3. Both offer the ability to check account balances and view transaction histories.
  4. Users can transfer funds between accounts using both Mobile and Internet Banking.
  5. They often provide bill payment and financial management features.
  6. Both use secure authentication methods to protect users’ financial data.
  7. Customers can access these services 24/7 from anywhere with an internet connection.


Mobile Banking and Internet Banking are digital banking services that provide convenience and accessibility, they differ in terms of the devices used and the extent of services offered.

Mobile Banking is specifically tailored for use on mobile devices like smartphones and tablets, offering a more limited range of banking functions. On the other hand, Internet Banking is accessed through computers or laptops, providing a broader array of services.

The choice between Mobile Banking and Internet Banking often depends on user preferences and the specific banking needs. Mobile Banking offers on-the-go convenience, while Internet Banking provides comprehensive functionality.

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