Should I cancel bank account SMS notifications?

What is SMS Banking?

SMS Banking is a banking service that is implemented via text messages. When registering for SMS Banking service, customers will receive information related to their bank accounts as well as updated news such as balance, transactions, foreign exchange rates... via text messages on their mobile phones.

Benefits of using SMS Banking service

SMS Banking service brings many benefits to customers such as:

- Quick account balance update : When there is a change in the bank account such as withdrawal, deposit or transfer... the phone will immediately receive a notification message.

- Enhanced security for cards and accounts: All transactions made on ATM cards and bank accounts are notified to the customer's phone, some services also require OTP codes via SMS messages. This helps to limit the risk of ATM cards or bank accounts being stolen by criminals and performing unusual transactions.

- In some special cases, such as when the mobile network is down or the banking application is unresponsive, SMS notifications can still provide important information.

Some limitations of SMS Banking

SMS Banking is convenient but costly. (Illustration photo)

Besides the practical benefits, SMS notifications also have some disadvantages as follows:

- SMS Banking service requires users to pay a certain fee, although the monthly fee is not high, but in the long run, this is still a large expense.

- The timeliness of SMS notifications is not always reliable. Due to mobile phone settings, signal problems and other reasons, users may sometimes not receive text messages in time.

- In addition, as online fraud becomes more prevalent, fake messages sent under the name of banks also occasionally occur, posing significant security risks to users.

Thus, from a practical and convenient perspective, SMS Banking is not an indispensable service. Customers can choose the appropriate query method according to their needs and habits.

For customers who do not use SMS notifications regularly or find them expensive, they may consider turning off the SMS notification function. On the contrary, for the elderly or those who are not good at using smartphones, text message notifications are the main way to keep track of bank card fluctuations.

Note that no matter which method you choose to query your bank card information, you should ensure the security of your account and handle personal information with caution.

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Source: https://vtcnews.vn/co-nen-huy-thong-bao-tin-nhan-sms-tai-khoan-ngan-hang-ar867009.html