Not long ago, banking often meant visiting your local branch, signing paperwork in person, and relying on basic card machines for payments. Today, the features of digital banking have transformed the way we manage money, offering faster access, easier payments, and more flexibility.
With digital banking tools such as online account management, instant transfers, and mobile banking apps, customers can take control of their finances wherever they are.
Below are some of the most valuable digital banking features people use every day.
Online Banking
Online banking is one of the most widely used forms of digital banking. It allows customers to manage their bank account from home using a laptop or desktop computer.
With online banking, you can typically:
- Check your account balance
- View recent transactions and statements
- Pay bills securely
- Set up direct debits and regular payments
For example, many people use online banking to manage recurring payments like rent, utilities, or subscriptions. If you want to learn more about setting up payments, see our guide to Direct Debits here:
Online banking also makes it easier to move money between accounts or send funds to friends and family through secure bank transfers.
If you’re looking for a modern way to manage everyday finances, explore our full bank account features.
Another major benefit is reduced paperwork. Instead of waiting for paper statements to arrive by post, customers can access digital statements instantly.
Applying for Banking Products Online
In the past, applying for a loan or other banking products often required an in-branch appointment and long waiting times.
Now, many banks allow customers to apply for products digitally through their online account. Depending on the provider, you may be able to:
- Apply for loans online
- Request credit products
- Access insurance services
- Manage overdraft options
Decisions are often faster than traditional branch-based applications, although approval times and eligibility will vary between banks.
Digital applications can be especially useful for people who need a more accessible alternative to high street banking, including those rebuilding their financial history.
Mobile Banking
While online banking improved convenience, mobile banking has taken things even further.
With mobile banking apps, customers can access their accounts directly from their smartphone, giving them greater control while on the move.
A mobile banking app may allow you to:
- Check balances instantly
- Transfer money securely
- Pay bills or send payments
- Monitor spending in real time
Suits Me customers can also manage their account through a dedicated app. Learn more about mobile banking app.
Mobile banking is also useful for people who want to stay on top of their finances without needing to visit a branch.
Digital Wallets and Contactless Payments
Smartphones have driven many of the latest advances in digital banking, including the rise of digital wallets.
Services such as Apple Pay, Google Pay, and Samsung Pay allow customers to pay quickly using their phone or smartwatch, rather than carrying physical cards.
Digital wallets can help you:
- Store multiple payment cards securely in one place
- Make contactless payments in shops
- Reduce the need to carry cash or plastic cards
Many digital wallets also support loyalty cards, travel tickets, and boarding passes, making them a practical tool for everyday life.
For customers who want more flexibility with card payments, a digital banking account with a debit card can offer a convenient solution.
Why Digital Banking Matters
Digital banking has changed the way people manage money in the UK, offering more convenient tools for everyday payments, budgeting, and account access.
Whether you’re using online banking at home, managing finances through an app, or paying with a digital wallet, these features can make banking simpler and more accessible.
