With the great entrance of the Internet to our lives, almost everything in your daily routine evolved into something more practical, fast and functional. It takes a blink of an eye to participate in a multilingual Zoom meeting, to send a message to the otherside of the world. Would you like to read the oldest manuscript Sir John Oldcastle in the University of Cambridge online archive? All you need is to enter the website. Are you looking for a Japanese snack? Simply order from an online shopping site and receive it in a week. There is no border, there is no delay, there are no challenges.
Nobody has time or patience to queue in a crowded bank branch on a sultry day for hours anymore. 20 years ago, this was the only way to open an account in a bank. Still today, the traditional banking system works the same. In order to create a bank account, you need to be there in person and stand up in front of the bank teller. You will be asked for several documents from utility bills to social security numbers. Tax number you need to require is a huge issue all by itself. Therefore, it would not be so wrong to define this process as time consuming and exhausting. This is the very point Instant Account Opening takes a big step into our world.
You have probably used your mobile banking many times or maybe you already own an e-wallet. However most of the people are not familiar with the question of “What is instant banking and how does it work?”
Instant Account Opening
