internet banking is slowly becoming popular because
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The first experiments with online banking started in the early 1980s. However, it did not become popular until the rise of the Internet in the mid-1990s. Many Internet banks maintain few, if any, physical branches
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
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