You ask yourselves, what benefits of online banking exist? I believe that online banking gives us convenience in our money deals. You can use your money faster with online banking.
Benefits here:
*You can open your account online. It’s no matter what kind of account you want, check or saving ones.
*Pay bills, your bank can send you bills via the Internet. And you can pay them online.
*Transfer funds, It is easy to move money from one account to another. Even, if you want to send money to an account of other people.
*Apply for loans, sometimes applying for loans take lots of time. But with online banking, you can fill out online forms and take answers very fast.
* Get good rates. With using online banking you can get more in your saving account, and pay less in your loan’s interest.
*Deposit checks, you just can take a photo of a check and send it to the bank. And you get money to your account.
*Stay informed; you may get your account information when you just enter to online banking account.
*View history of your account, get information how much paid and earn each month or each year.
*Dodge fees. Actually, online banking cost less than traditional banking in offices.
Cons here:
Bank believes that their main business place is an office. It was very important in the past when we use only cash, gold, and checks. Now we can pay and get money and account information online. It’s easy and convenient.
But now if you want to open a bank account you need to visit an office to pass “know your client” bank rules. You show your passport and other needed documents to open an account.
Same rules if you want to open a corporative bank account.
If you want to get some account information you can’t get in online, they keep you waiting or even invite to the office.
It’s not so sad lots of bank try to move their big body to their clients and develop the online banking.