what are some benefits of e banking to banks?
Answers
Answer:
Explanation:
E banking provides many advantages for banks and customer's .e-banking has made life much easier and banking much faster for both customers and banks. It provides banking throughout the year 24/7 days from any place have internet access.
Benefits of a Bank Account
Bank accounts offer convenience. For example, if you have a checking account, you can easily pay by check or through online bill pay. ...
Bank accounts are safe. Your money will be protected from theft and fires. ...
It's an easy way to save money. ...
Bank accounts are cheaper. ...
Bank accounts can help you access credit.
Benefits of E-banking to banks
Explanation:
E-banking or electronic banking ( internet banking) is a method of through which customers can perform their financial transaction using internet over a secure network and hence they need not to go to the bank for such activities. it has the following benefits.
- the banking functions like transfer of funds can easily be performed by the customer hence workload of bank reduces.
- the operation cost of services offered by banks gets reduced.
- the method saves time and cost of customers as they need not to go the bank and reduces rush at bank.
- since the method is secure so chances of error is low.
Learn more:
E-banking and it's benefits
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