Mobile banking is old news, but virtual banking platforms such as GoBank, that completely eliminate the need for physical bank branches are on the rise.
GoBank is a new banking platform that transforms traditional banking experience by eliminating all need of physicality. Apart from all the classic mobile app features such as making payments and money transfers, GoBank includes a cheque depositing feature. GoBank users are able to scan and deposit cheques, access more than 40,000 ATMS and obtain an online check book where paying rent and bills is made possible.
Another interesting and perhaps unsettling aspect of this virtual integration is that when one sends money through this service, the recipient gets notifications through social media channels.