Question

Difference between traditional banking and internal banking

Answer 1

Answer:

DIFFERENCE BETWEEN TRADITIONAL BANKING AND INTERNET BANKING ...

Explanation:

TRADITIONAL BANKING

1. BANKS EXIST PHYSICALLY FOR SERVING THE CUSTOMERS.
2. IT CONSUMES A LOT OF TIME AS CUSTOMERS HAVE TO VISIT BANKS TO CARRY OUT BANK TRANSACTIONS LIKE - CHECKING BANK BALANCES , TRANSFERRING MONEY FROM ONE ACCOUNT TO ANOTHER .
3. PEOPLE HAVE TO VISIT BANKS ONLY DURING THE WORKING HOURS .
4. TRADITIONAL BANKING DOES NOT ENCOUNTER E - SECURITY THREATS .

INTERNET BANKING

1. INTERNET BANKS DO NOT HAVE PHYSICAL PRESENCE AS SERVICES ARE PROVIDED OFFLINE
2. DOES NOT CONSUME TIME AS CUSTOMERS DO NOT HAVE TO VISIT BANKS TO CHECK BANK BALANCES OR TO TRANSFER MONEY FROM ONE ACCOUNT TO ANOTHER . CUSTOMERS CAN ACCESS THEIR ACCOUNT READILY FROM ANYWHERE WITH A COMPUTER AND INTERNET ACCESS
3. INTERNET BANKING IS AVAILABLE AT ANY TIME AND IT PROVIDED 24 HOURS ACCESS
4. ONLINE VANKING IS THE TEMPTING TARGET FOR HACKERS . SECURITY IS ONE OF THE PROBLEMS FACED BY CUSTOMERS IN ACCESSING ACCOUNTS THROUGH INTERNET

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