Improve your Banking Experience with OakNorth Bank’s Mobile Banking App

In the last few decades, the banking industry has become increasingly more tech-savvy. Gone are the days when customers had to wait for hours to complete a simple transaction, deposit money or check their account balance.

Banking activities have become much more convenient, safe and less time-consuming thanks to the internet and the introduction of mobile banking. In recent months, COVID-19 has proven to be a major catalyst for enhancing mobile banking apps in order to better assist customers with their banking needs.

To enhance our customer’s banking experience, we recently launched our own mobile banking app, the OakNorth Mobile Banking app. As it’s a fairly new app, a lot of you may be curious to learn more about its features, benefits and the type of savings accounts available via the app. In this blog, we’ll discuss how the OakNorth Mobile Banking App can improve your banking experience.

The Convenience of Opening an Account within Minutes

With the help of OakNorth Bank’s Mobile Banking App, you can open an account within minutes from the comfort of any location. You can use the OakNorth Mobile Banking App to open:

  • Fixed Term Deposits (FTD) – locking your money away for a set period ranging from 6 months to 60 months
  • Notice Accounts (NA) – with access to your savings subject to your notice period (35, 90 or 120 days)
  • Easy Access Accounts (EA) – with next working day access to your savings


For existing customers, opening a new account is as easy as selecting the type of account you want and entering the amount you want to save.

For new customers, you’ll need to provide your personal, contact and home address details. Once your details are verified, you’ll be able to fund your account and can access your account information in the app or via Online Banking.

Easy Withdrawal of Funds Using the App

With the click of a button, you can easily withdraw your funds via the OakNorth Mobile Banking App. All you need to do is click on the ‘withdraw funds’ option and enter the amount that you plan to transfer to your nominated bank account. If you have an Easy Access account, the amount will be transferred to your account the next working day. For Notice Accounts, the allocated amount will be transferred following your notice period (as per the terms of your account).

24/7 Access to Account Details

With the mobile banking app, you get 24/7 access to your account and can easily check your balance, view the interest you’ve earned, your current interest rate, and see your transaction history.

With a Fixed Term Deposit Account, you will need to select a maturity period. Once your Fixed Term Deposit account reaches maturity, you can choose what to do with your savings. You’ll receive an email notification 30-days before your account matures. It’s at this point you can select to reinvest all, a portion or withdraw everything into your nominated account.

The Bottom Line

The introduction of mobile banking has simplified financial services in a lot of ways. In the current environment, mobile banking apps have become a game-changer for the financial services sector.

For a hassle-free, convenient banking experience, download the OakNorth Mobile Banking App, which is available both on the Apple App Store and Google Play Store.

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