Question

I will mark u as branlist. . . . .


advantage and disadvantage of Internet banking ...​

Answer 1

Answer:

Advantages of Online Banking

Some advantages of online banking go hand-in-hand with simply being online; others are competitive advantages provided by online banks taking advantage of their cost structure. The most prominent benefits provided by online banking include:

• 24/7 account and service access

• Speed and efficiency

• Online bill payment
• Low overhead can mean low fees

• Low overhead can mean high interest rates on deposit accounts

Disadvantages of Online Banking

No one type of bank can be the best at everything. In spite of their many advantages, there are some drawbacks to using online banks as well. Here are some of the downsides of working with an online bank:

• Technology issues

• Security issues

• Inefficient at complex transactions

• No relationship with personal banker

• Inconvenient to make deposits

Answer 2

Five Advantages of Online Banking. Most banks offer online banking, and you can pay your bills, transfer money, and access a record of your checking account transactions, all from your web browser. Banking from the comfort of your sofa makes everything you do with your finances a bit easier.