Question

Q8.State any two advantages of e-banking to customers and also two advantages to banks​

Answer 1

Answer:

The main advantages of electronic banking are: –

Offers convenience to customers since they are not required to go to the bank's facilities. There is a very low incidence of errors. The customer can obtain funds at any time from ATMs. Credit cards and debit cards allow customers to get discounts at points of sale.

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Answer 2

The cost of operation per unit of services is lower for banks.Offers convenience to customers since they are not required to go to the bank’s facilities.There is a very low incidence of errors.The customer can obtain funds at any time from ATMs.Credit cards and debit cards allow customers to get discounts at points.