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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