Thursday 31 March 2011

The advantages and disadvantages of online banking

Online Banking
Advantages

·                  You can access you the account anytime
·                  Transferring funds you can move funds and pay bills at the click of a button
·                  24 hour service you can use the account anytime of the day.

Disadvantages

·                  Can’t deposit/withdrawal money
·                  Can be complicated
·                  Needing an account
·                  Must have basic IT skills, the service can exclude the elderly and lower class people in society

Threats

·                  Hacking
·                  Phishing virus

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2 comments:

  1. Alan31 March 2011 at 03:34

    These are very good points

    ReplyDelete
  2. Jess Hall31 March 2011 at 08:14

    I love online banking! It's so convenient, just set up my automatic withdrawals to my savings account with Aurora Bank, and couldn't be any happier. Don't know why people don't sign up for this feature!

    ReplyDelete

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