Question

What are the advantagescof e banking?​

Answer 1

Answer:

Two of the biggest advantages to online-only banking are the high interest rates and low fees. Online-only banks don't pay overhead for physical branches or the employees to staff them. Instead, they pass those cost savings on to customers in the form of higher interest rates and lower fees.

Answer 2

Answer:

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Online-only banks offer a number of advantages over traditional retail banks, including lower fees and higher rates on average. If you don't use cash often, feel comfortable banking online and rarely visit your local bank branch, you may want to consider opening an online-only bank account. Online banks are also a good place to park rainy-day funds, as they may offer significantly higher interest rates than traditional retail banks.They had low interest rate and low fees