How is internet banking better than traditional banking?
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Internet banks do not have physical presence as services are provided online. 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. ... Traditional banking does not encounter e-security threats.
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Answer:
This is because of following reasons:
Pay Your Bills Online. Robert Warren/Taxi/Getty Images. ...
View Your Transactions. ...
Transfer Money Between Accounts. ...
Mobile Banking. ...
Syncing With Your Money Applications. ...
Online-Only Banks. ...
Protect Yourself Online
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