Distinguish digital banking and electronic banking in the most detail

1.  Concept of digital banking and electronic banking

Digital Banking is a form in which all traditional banking activities and services are digitized and integrated into a single application. When performing transactions such as: money transfer, savings deposit, loan... customers will not have to go to bank branches but can do it anytime, anywhere with just a smart device with an internet connection. 

Electronic Banking (E-Banking) is a form of banking that includes sub-services such as: Internet Banking, Mobile Banking. This type operates on the Internet platform and is set up to complement traditional banking services. The main features of electronic banking are: money transfer, account balance inquiry, payment. Helps customers make it more convenient to make transfer transactions and capture balances from time to time without having to go directly to bank branches.

Thus, digital banking is a further step forward of electronic banking, all banking activities and services are digitized and converted to digital platforms.

2. Compare digital banking and electronic banking

Digital banking and e-banking have certain similarities and differences. Specifically as follows: 

2.1. Similarity

Both forms of digital banking and electronic banking aim to provide banking services quickly, conveniently and safely, helping customers save time and effort.

• Features: Digital banking and e-banking are both online banking services that allow customers to make non-cash transactions, perform service payments, invoices, money transfers...

Benefit: Compared to traditional payment methods, digital banking and electronic banking both bring convenience and save time and effort for customers. With banks, it is possible to save human resources and operating costs at transaction offices. 

2.2. Difference between digital banking and electronic banking

Digital banking is a new step forward and superior to electronic banking. If you are wondering how digital banking is different from electronic banking, please refer to the following comparison table to better understand this difference.

 3. Should I choose digital banking or electronic banking?

Choosing digital banking or electronic banking will depend on the needs and purposes of each customer. Here are the pros and cons of these two applications for you to make the right choice. 

Choosing digital banking or electronic banking depends on each person's needs and preferences.

You should choose digital banking if you:

• Want to experience modern and diverse banking services.
• Frequent use of smartphones and mobile devices.
• Interested in personalized smart features.

You should choose electronic banking if you:

• Want to use basic banking services in a simple way.
• Not too concerned with advanced features.

Both digital banking and e-banking have their own advantages and disadvantages. Choosing which type depends on each person's needs and preferences. However, with the continuous development of technology, digital banking is gradually becoming a trend and chosen by more people.

4. SeAMobile Digital Bank - Leading all trends

SeABank is one of the largest joint stock banks in Vietnam, always focusing on the application of information technology to develop and upgrade the bank's activities and services. SeABank has launched SeAMobile digital banking service, bringing customers many convenient experiences.

4.1. Features of SeAMobile Digital Bank

Considered a digital bank leading all trends, SeAMobile possesses outstanding features. Specifically:

Personal financial assistant

This is an extremely useful feature that SeABank is the first bank to apply in our country. This feature is integrated right into the SeAMobile application so that customers can more conveniently manage income and expenditure, record transactions and control their financial situation without using additional third-party applications.

Call SeAMobile a personal financial assistant because the application will always closely monitor the customer's financial situation, warn customers when spending exceeds plan, encourage and praise reasonable spending, and help customers create and track the implementation of future goals.

Customize the interface according to your preferences

Customers can choose the interface they like, arrange icons on the screen for ease of use, change avatars... And in the near future SeAMobile promises to bring customers more impressive and diverse interfaces.

Uniform across platforms

SeABank digital banking services can be performed on any browser platform, computer, tablet, phone... with uniform interfaces. Thanks to that, customers can easily access and use SeABank digital banking services to perform all transactions anytime, anywhere.

Register online easily

Customers need to register for use SeAMobile will be implemented through eKYC electronic identification technology easily and quickly without wasting time going to the transaction counter.

Many utilities: payment, transfer, savings... quickly

Customers can make bill payments, savings deposits, loans, transfers... conveniently and quickly on the SeAMobile application anytime, anywhere with just a smart device with an internet connection. 

4.2. How to register for SeAMobile

To register for SeAMobile service, customers can do so in one of the following two ways: 

Register at SeABank transaction counter 

Register for SeABank's SeAMobile digital banking application directly at the transaction counter with the following steps:

• Step 1: Customers bring CCCD to the nearest SeABank branch and present to the staff their desire to register for SeAMobile
• Step 2: Staff will guide you through the necessary procedures.
• Step 3: Customers download the application to their device and the bank will provides you with a temporary password to log in to the SeAMobile application for the first time.
• Step 4: Staff will guide you how to install the SeAMobile application on your phone and how to use basic features.

Register online using eKYC identification technology

This is a convenient and quick form of registration for the SeAMobile digital banking application. The steps are as follows: 

• Step 1: Customers download SeAMobile App on the operating system iOS or Android.
• Step 2: Customer clicks the "Register" button
• Step 3: Customers choose the type of identification document (GTTT) such as CCD, CMT or passport.
• Step 4: Customers take photo ID and perform facial authentication.
• Step 5: The system checks, if valid, the Customer enters information to open an account, then authenticates OTP.
• Step 6: If the system opens an account for the customer successfully, it will display a notification on the screen so that the customer can clearly understand the information. 

Above are general comparisons digital banking and electronic banking, Hope to have provided you with a lot of useful information. With many outstanding features and comprehensive functionality, digital banking is an inevitable trend today. If you want to learn more about digital banking services, please contact SeABank at Hotline number 1900 555 587 for specific, dedicated advice.