Thursday 10 March 2016

2.Online Banking

More efficient and effective way of electronic media as customers can check their account balance and information at the touch of a keypad.

Dos
  • Available 24 hours and 365 days.
  • Allow automatic fund transfer, online bill payments, tax payments thru any part of the world.
  • E-banking is environmental friendly as it reduce the consumption of paper. 
  • Time saving method of banking.
Don'ts
  • No face to face interaction between banks and their clients.
  • In case there is network problem customers cannot access their account for day to day transaction. 
  • Banks use encryption software to secure customer's account from fraud and theft but still it is possible for hackers to easily access private information.
                          


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