E-COMMERCE
blessings of online banking
One of the reasons people use online banking instead of going to the bank itself is that online banking is more convenient. You don’t have to dress up, wait long queues or look for parking; you can simply bank from the comfort of hour home.
Online banking can take place at any time and from any where 24/7. This is a great advantage especially when it is an urgent situation. For example, you ordered a dress from Dubai and you need to pay for it before receiving it. You can simply transfer money to the shop's account online.
Online banking is international. Say you are travelling and you need to pay your phone bill, you can easily do that using your electronic device since you can not go to your local bank physically.
By using online banking, it will be easier to track your transactions instead of going to the bank everyday. This is helpful since you can identify any transaction that you didn’t conduct, thus you will know if an identity theft is using your bank account.
Sometimes the interest rates are lower for online clients when doing a transaction. Also, banks can keep their costs low. This is because online banks don’t have to pay for premises or for many employees. Also you don’t have to pay for transport when online banking, unlike going to the bank itself.