What is e- banking ? what are the benifits of e- banking.
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Answer:
E-banking is a method of cashlesss transactions
Use of computers and telecommunications to enable banking transactions to be done by telephone or computer rather than through human interaction. Its features include electronic funds transfer for retail purchases, automatic teller machines (ATMs), and automatic payroll deposits and bill payments.
Explanation:
BENEFITS OF E-BANKING ARE:
1. Cashlesss money transactions
2. No actual contact
3.Reduces the risk of money snatching
4. customers since they are not required to go to the bank's facilities
5.There is a very low incidence of errors
6. The customer can get funds anytime
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