TOZZIBLINKZ
VIP Contributor
Online business banking is a cost saving method of banking , to the more elaborate these are banks without brakes and they exist entirely on the internet where they offer pretty much the same range of services and adhere to the same federal regulations as a physical banks . Online business banking has impacted businesses today due to the provision of how flexible , easily accessible , more portable etc . It is .
ADVANTAGE OF ONLINE BANKING :
* Online banking never closes on like physical banking they are available 24 hours a day that is 7 days a week and they are only a phone or mouse click away .
* Effectiveness of bank activities and practices have been assured as a result of a sophisticated tool including account aggregation stop codes rate alert and portfolio management is it provides . most online banking system are also compatible with money managing programs such as quicken and Microsoft money .
DISADVANTAGES OR DEMERITS OF ONLINE BANKING :
* The biggest issue that people have with online banking is " trust " a lot of people fear whether their transaction go through or did they by any mistake click a button twice which could lead to double transaction. That is why it's advisable to always print transaction receipt and keep it for cross check .
* also in some regions of the world a lot of people are online illiterate and could not be able to use online businesses so they need to go through some series of training in order to be able to use an online banking platform .
ADVANTAGE OF ONLINE BANKING :
* Online banking never closes on like physical banking they are available 24 hours a day that is 7 days a week and they are only a phone or mouse click away .
* Effectiveness of bank activities and practices have been assured as a result of a sophisticated tool including account aggregation stop codes rate alert and portfolio management is it provides . most online banking system are also compatible with money managing programs such as quicken and Microsoft money .
DISADVANTAGES OR DEMERITS OF ONLINE BANKING :
* The biggest issue that people have with online banking is " trust " a lot of people fear whether their transaction go through or did they by any mistake click a button twice which could lead to double transaction. That is why it's advisable to always print transaction receipt and keep it for cross check .
* also in some regions of the world a lot of people are online illiterate and could not be able to use online businesses so they need to go through some series of training in order to be able to use an online banking platform .
