Write the advantages and disadvantages of Internet Banking
Question :
Write the advantages and disadvantages of Internet Banking
Advantages of Internet Banking
- The customers get permanent access to his/her bank anytime and anywhere.
- An online account is simple to open and easy to operate.
- Transactions are safe and highly secure.
- It is fast and efficient.
- Immediate funds transfer helps the user in time of urgent need.
- It saves valuable time of the users.
Disadvantages of Internet Banking
- Requirement of Internet connection.
- Security of transactions is a major issue.
- Password security is a also a big issue.
- Your banking information may be spread out on several devices, making it more at risk.
- Inconvenient to make deposits