Jamoflondon
Verified member
Well like I said earlier about online banking, the main difference between it and regular banks is the fact that they do not have office buildings, so in this case, it simply means that you can’t reach them directly one on one if it happens that you have a complaint to make or you have issues with your account and you want it to be rectified. I faced a similar issue sometimes last year and I was on it dealing with it for weeks before I could get it solved.
This is some of the disadvantages that one might encounter if you happen to be a member of any online banking app both here in Africa and developed countries.
1. Banking issues are not easily solved
2. The limits are smaller than the regular banks
1. Banking issues are not easily solved: Like is said that I once had a problem with one of this online banks called kuda and it was not easy for my to rectify because there was no office I could go to complain except for the one in lagos. So it made it a bigger issue for me.
2. The limits are smaller than the regular banks: what I mean by this is that amount of money you can save on banks like that are usually with limits unlike the regular banks where you can save any amount of money as long as you are running a standard account.
This is some of the disadvantages that one might encounter if you happen to be a member of any online banking app both here in Africa and developed countries.
1. Banking issues are not easily solved
2. The limits are smaller than the regular banks
1. Banking issues are not easily solved: Like is said that I once had a problem with one of this online banks called kuda and it was not easy for my to rectify because there was no office I could go to complain except for the one in lagos. So it made it a bigger issue for me.
2. The limits are smaller than the regular banks: what I mean by this is that amount of money you can save on banks like that are usually with limits unlike the regular banks where you can save any amount of money as long as you are running a standard account.