2. INTRODUCTION
Online banking, also known as internet banking or e-banking, refers to the electronic
platform that allows customers to perform various financial transactions and banking
activities over the internet.This digital service eliminates the need for physical visits
to traditional brick-and-mortar banks, enabling users to manage their accounts,
transfer funds, pay bills, and access financial information conveniently from the
comfort of their electronic devices. Online banking has become an integral part of
modern banking, offering efficiency, accessibility, and real-time financial management
for account holders.
4. FEATURES
24/7 accessibility
Convenient account manager
Real time transaction
Mobile banking app
Bill payment service
Transaction history
5. ADVANTAGES
Time saving
Cost saving
Accessibility for different account
Mobile banking convenience
6. DISADVANTAGES
Depency on technology
Lack of personal interaction
Privacy concern
Limited cash transaction
8. CONCLUSION
Online banking offers convenience, accessibility, and efficiency in managing financial
transactions. It provides users with the ability to check account balances, transfer
funds, and pay bills from the comfort of their homes.While it enhances convenience,
users must prioritize security measures to protect their sensitive information.
Overall, online banking has become an integral part of modern banking, streamlining
financial tasks for individuals and businesses alike.