asked in Business+Finance by ELITE (3,548 points) 4 24 90
Technology have affected all fields in the world today and the banking sector is not left out. 

Are you in support of online banking? 

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6 Answers

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answered by VISIONARY (9,009 points) 7 17 68
I'm a great fan of online banking though it like a flip coin with both good and bad sides but I think the good sides outweigh the bad sides and as such it's worth using.The most thing I like about online banking is the ability to access one finance on the go,there's nothing as good as this. It saves time and the gas of moving or driving to the bank.
One can easily transact a business and get it done in the confides of one's home. This is an instant thing and ones balance with be checked instantly and confirmed payment in no time.

How about payment of bills, this is made so easy. Just get the ultilies account and just make the transfer and it is settled. Financial life is made so easy and simple.
The best part is that this service is available 24/7.One can have access at all time.
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answered by LEGEND (6,086 points) 3 27 50
I think online banking still helps because sometimes when I need to have an inquiry of my balance money in the bank, i will just log in to my account and check the balance. I can even double check of how many times I withdraw my money. The problem is that, hacking is still happening and everyone using online transactions will get affected and be a victim of phishing. I do not trust the saying that we are protected because everything we post online, there are people that will surely find ways to read it because they have their ways. That is why I am thinking twice for myself. Right now, to be safe, I do not log in online even I have an account and a password. However, I still want to support it because I can transfer money anytime anywhere, just pray that I will not be the second victim.
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answered by ELITE (3,221 points) 5 12 23
I don't see any reasons why I shouldn't support online banking. On the other hand, I can give countless reasons why I prefer and enjoy online banking over walking into the bank.

I don't know about you, but for me, I always come across annoying long queues whenever I go to the bank to make transactions. Online banking has made it very easy for me to transact at the comfort of my palms. But unfortunately, I still have to join those frustrating queues whenever I have cash to deposit into my account. Online banking has also made it easy to lay complains, resolve banking or transactions issues and make certain banking request. With online banking, one can also easily open a bank account over the internet.

Online banking in my opinion is the best thing ever to happen to banking. It has really reduce the stress and risk involved in going through the normal banking process over the counter.
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answered by ELITE (3,094 points) 3 6 14
Online banking is very infact a very helpful discovery to human existence and it has helped to solve many problem today.
In those days, banking system was ver6 primitive and with a lot of shortcomings such one can't get fund t late hours. And the huddle of going to line up or join queue in bank is another very disturbing and discouraging part.

The introduction of mobile banking has even made a lot of people to get involved in keeping money with banks and also made sending and receiving of fund very easy.the ease in transaction of buying and selling is now more advance, such that one will be at home and order with easy paying of goods or needs with absolute conviniency.

Though it also has its shortcomings but over the time, its advantage supersede its disadvantages.
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answered by LEGEND (6,021 points) 6 13 26
Online banking isn't just one of the best things that have happened to banking. It is also one of the best things that have happened to me. I totally hate walking into the bank for any sort of transaction. There's always the long queues, protocol, transportation expenses and what have you.

With online banking I can send money, recharge, pay different bills and even request for my statement of account. It saves a whole lot of time and energy. What's more, it is very easy to use, monitor and manage every transaction.

I can use online banking services at any hour of the day and I don't have to worry about being early to the bank or going late. It is just the full package for me. I seldom go to the bank now. Only at times when it is extremely necessary.
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answered by ELITE (3,008 points) 4 13 28
When I take a look at online banking, I see a world where everything is being made easier with the way that we bank. Online banking as the name goes simply mean one being able to perform almost all the banking activities no matter where we are living and working. I mean I believe that it is now even easier to open an account from the comfort of your homes as long as you are with the necessary requirements to do so.

Online banking has made it possible for people to carry out transactions that fetch them millions while sitting on their beds with a cup on tea in their hands. There are people that have not being to bank for any singular reason, but they keep doing the business that they do smoothly because they have access to online banking.

So, I think that the world is moving to that position where online banking is the way to go as things becomes easier when we bank online.

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