what is ebanking. what are its advantages
Answers
Answer:
The main advantages of electronic banking are: –
The cost of operation per unit of services is lower for banks. Offers convenience to customers since they are not required to go to the bank's facilities. There is a very low incidence of errors. The customer can obtain funds at any time from ATMs.
Explanation:
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Answer:
E- banking meaning and advantages:
Explanation:
E- banking refers to electronic banking or banking using electronic media.thus e- banking is a service provided by banks that enables a customer to conduct banking transactions, such as checking accounts, applying for loans or playing bill over the interest using a personal computer.mobile telephone or handheld computer.
1. E - banking provides 24 hours 365 days a year services to the customers of the bank.
2. It lowers the transaction cost.
3. It inculcates a sense of financial discipline and promotes transparency.
4. Customers can make the transactions from office, home or while traveling via cellular phones.