Everything you need to know about digital bank accounts

Here’s something that many people say about banking and it couldn’t be more true: banking should be real easy! Banking should no longer feel like a chore.

You shouldn’t have to manually calculate how much money is coming in and going out, and what you’re spending on the most. Your bank account should do that for you.

What would be even better? An account with little to ZERO fees. It’s here and it’s called the digital bank account.

Want to get down to business to find out more? We thought so…

What is a digital bank account?

As the name would suggest, a digital bank account is one that is purely digital. With an internet connection, you can open your bank account from your phone and manage all your finances on the go without having to step foot in a physical bank.

You can manage, track, and make all your payments digitally either through your smartphone or through your bank card. You also have access to all your banking and financial needs anywhere and any time through our mobile banking app.

How is it different from a regular bank account?

While a regular bank account also allows you to manage your money online, the major difference is that with a digital account, you can say goodbye to face to face banking services and get this- you’ll benefit from lower fees and quick and convenient transactions!

Not only will your financial life be simpler and easier to manage, you’ll save yourself time, energy and money. Who wouldn’t want that?

Another key difference is you no longer have to deal with cash or carry a wallet with a hefty amount of cash. Not only does carrying physical cash come with a risk and take up space in your wallet, you most likely always find yourself having to count how much money you have left and guess how much you started off with in the first place.

So, why waste so much time counting your money, dealing with loose change, or searching for change, when your digital account and our mobile app can take care of everything automatically for you.

How your digital account works

Your digital account is designed to help you lead a cashless lifestyle while doing all the financial heavy lifting for you. Dealing with finances isn’t considered a fun pastime after all and keeping track of your payments takes time, effort, and doing the math. Whether you’re a fan of numbers or not, your digital account keeps track of all the small payments you may forget to the big and important payments, so you no longer have money worries keeping you up at night.

What you’ll benefit from with a digital account

If you’re still wondering how on earth you’ll benefit from having a digital bank account, let’s explore what to look for so you can save more money and gain as much value as possible, with no strings attached whatsoever.

ZERO fees- Did you know that by simply opening a bank account, you’ll pay monthly debit card fees? With a digital account, you’ll benefit from ZERO fees. This means in addition to keeping your money secure, your digital account is free from monthly charges.

No minimum balance- Opening a bank account requires you to add a minimum amount of funds into it. Your digital account doesn’t, so you can open your account and wait for whenever’s convenient for you to add your money. You can start with a minimum of 0 JOD and go up to 7,000 JOD.

2 monthly ATM withdrawals through any ATM in Jordan- Our world hasn’t gone entirely cashless yet and we know sometimes you’re required to pay with physical cash instead, so your digital account gives you access to 2 monthly withdrawals from any ATM around Jordan.

Online banking services and features

Here’s more on how your digital bank account can help you structure your banking:

• Manage your finances- stay up to date on how much money is in your account.
• Send and receive money easily- receive transfers or send people money securely to their account locally or worldwide.
• Pay your bills- automate your monthly bills so you never miss a payment again.
• Move money between your accounts- if you have more than one bank account, you can quickly and easily move money around to control your spending or manage your cash flow.
• Talk to your bank anytime and anywhere- if you accidentally make a payment to the wrong person, notice something strange in your account, or have any questions, you get 24/7 support which means you can easily get in touch with your bank at any time from anywhere in the world.

How to open a digital bank account

Simply download the mobile banking app, fill in the details of your personal information and voila! You now have an account. If you want to make the most out of your account, read our article on 5 smart ways to bank with your mobile banking app.