Telebanking advantages and disadvantages
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ADVANTAGES
Online account is simple to open and easy to operate.It is quite convenient as you can easily pay your bills, can transfer funds between accounts, etc. Now you do not have to stand in a queue to pay off your bills; also you do not have to keep receipts of all the bills as you can now easily view your transactions.It is available all the time, i.e. 24x7. You can perform your tasks from anywhere and at any time; even in night when the bank is closed or on holidays. The only thing you need to have is an active internet connection.
DISADVANTAGES
Understanding the usage of internet banking might be difficult for a beginner at the first go. Though there are some sites which offer a demo on how to access online accounts, but not all banks offer this facility. So, a person who is new, might face some difficulty.You cannot have access to online banking if you don’t have an internet connection; thus without the availability of internet access, it may not be useful.Security of transactions is a big issue. Your account information might get hacked by unauthorized people over the internet.
Online account is simple to open and easy to operate.It is quite convenient as you can easily pay your bills, can transfer funds between accounts, etc. Now you do not have to stand in a queue to pay off your bills; also you do not have to keep receipts of all the bills as you can now easily view your transactions.It is available all the time, i.e. 24x7. You can perform your tasks from anywhere and at any time; even in night when the bank is closed or on holidays. The only thing you need to have is an active internet connection.
DISADVANTAGES
Understanding the usage of internet banking might be difficult for a beginner at the first go. Though there are some sites which offer a demo on how to access online accounts, but not all banks offer this facility. So, a person who is new, might face some difficulty.You cannot have access to online banking if you don’t have an internet connection; thus without the availability of internet access, it may not be useful.Security of transactions is a big issue. Your account information might get hacked by unauthorized people over the internet.
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