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ONLINE BANKING

Online banking is the practice of making bank transactions or paying bills via the Internet. We should be very thankful to technology, and the Internet in particular, we no longer have to leave the house. We can shop online, communicate online, and now, we can even do our banking online. Online banking allows us to make deposits, withdrawals and pay bills all with the click of a mouse. It doesn't get much more convenient than that. In simple word, you have find or search any thing on Internet. In today time, online banking are very popular because of its globalization. Online banking finishes the country boundation. It means you can do online banking anywhere, anytime.

Advantages of Online Banking
As a online banking customer, the convenience factor rates high. No longer does a person have to wait for the bank statement to arrive in the mail to check account balances. One can check the balance every day just by logging onto one's account. In addition to checking balances and transactions, one can catch discrepancies in the account right away and deal with them swiftly. The best part is that this can be done anywhere! As long as one has Internet access, one can practice online banking. Since the cost to the bank is minimal, the cost to the consumer, in many cases, is also minimal. While there is usually a fee for online banking, it can be extremely low. Those who partake in online banking all agree it's worth every penny. Not having to spend all Saturday morning standing in a crowded bank line is justification for most. It can even pay for itself since costs like postage and ATM fees are reduced. Bills are paid online, the necessity of writing checks, affixing postage and posting the payment in the mail is eliminated. Once the amount is entered and the payee is checked off, the funds are automatically deducted from the payer's choice of account. Online banking also eliminates paper waste, which is a plus not only for those who have to handle all the paper work, but also for the environment. about anything, any where from clothes at department stores to meals at restaurants as well as to get cash advances. American Express, Visa, MasterCard and Discover cards are examples.

Disadvantages of Online Banking
You're also missing the personal service. No smiling teller or representative hands you a receipt. Instead, except for what's printed into your account, all the paperwork is up to you. Always print copies of important transactions. Security is always an issue with Internet transactions. Although information is encrypted, and the chances of your account being hacked are slim, it happens. Banks pay big bucks to install high tech firewalls. Chances are your money is in good hands. If you have to deposit cash or checks, you'll still have to spend time at the ATM. Unless a payment to you is directly deposited, this is one thing you'll always have to handle manually. Still, the benefits far outweigh the risks. The convenience of online banking is a perk well worth the cost.