Question

Write down any five benefits of e-banking services

Answer 1

1- most banks offer online banking and you can play your bills , transfer money , and access a record of your checking account transaction all from of your web browser.

2- banking from the confurm of your sofa makes everything you do with your finances a bit easier

Answer 2

Benefits of E-banking to banking to customer :

1. E-banking provides 24 hours a day×365 days a year services to the customers .

2. Customers can make transaction from office or house or while travelling via mobile.

3. There is greater customer satisfaction through E-banking as it offers unlimited access and great security as they can avoid travelling with cash.

Benefits of E-banking to banks :

1. E-banking lowers the transaction cost.

2. Load on branches can be reduced by established centralized data base.

3. E-banking provides competitive advantage to the bank, adds value to the banking relationship.