Question

what is e-banking explain and advantage

Answer 1

E-banking is a multifunctional software and hardware that enables bank customers to complete and submit to the bank for executive documents for payment and other documents, monitor the status of their accounts and receive a wide range of relevant financial information without directing the bank.

Advantages of E-banking :
1) The cost of operation per unit of services is lower for banks.
2) Offers convenience to customers since they are not required to go to the banks facilities.
3) There is a very low incidence of errors.
4) The customers can obtain funds at any time from ATMs.

Answer 2

For many people, electronic banking means 24 hours access to cash through an automatic teller machine(ATM) or direct deposit of paycheck into checking or saving account. But electronic banking involves many different types of transaction, rights, responsibilities and sometimes fees.
The advantages of e-banking are:-
1) Pay your bills online
2)Views your transactions
3)Transfer money between accounts
4)Mobile banking
5)Syncing with your money application
6)Protect yourself online.