advantages and disadvantages of internet banking with points explaination
Answers
Answer:
● Advantages:-
☆ An online account is simple to open and easy to operate.
☆ It's convenient, because you can easily pay your bills and transfer your funds between accounts from nearly anywhere in the world.
☆ You can keep an eye on your transactions and account balance all the time.
☆ More online services include loans and investment options.
● Diadvantages :-
☆ Understanding the usage of internet banking might be difficult at the first. That said, there are some sites which offer a demo on how to access online accounts (not all banks offer this). So, a person who is new to technology might face some difficulty.
☆ You cannot have access to online banking if you don’t have an internet connection; thus, without the availability of internet access, it may not be useful.
☆ If the bank’s server is down, then you cannot access your accounts.
☆ You might become annoyed by constant emails and updates.
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Answer:
Advantages
It is fast and efficient. Funds get transferred from one account to the other very fast. You can also manage several accounts easily through internet banking.
Disadvantages
Your banking information may be spread out on several devices, making it more at risk.
Explanation:
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