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Disadvantages of online banking
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[QUOTE="Holicent, post: 257335, member: 76163"] Online banking has many advantages. It can save you time and money, and it can help you manage your money more effectively. But there are some disadvantages that you should be aware of before you start using online banking. Online banking may also have security risks. Your personal information could be accessed by hackers or other criminals if your computer is infected with malware or viruses. One of the biggest disadvantages of online banking is that it can make it harder to keep up with your finances and track your spending habits. Financial institutions often require customers to sign up for automatic bill payments so they don't miss any payments while they're away from home or busy working on other tasks at their jobs. This may not be ideal if you have a lot of financial obligations like rent or mortgage payments or bills from utilities like electricity and water. You may also find yourself making more frequent trips to the bank because you need to update your account balances again because of automatic bill payments being processed through your account automatically each month. [/QUOTE]
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