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


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