AllFreePapers.com - All Free Papers and Essays for All Students
Search

What Is Internet Banking?

Autor:   •  September 24, 2011  •  Essay  •  502 Words (3 Pages)  •  2,050 Views

Page 1 of 3

Nowadays, People use The Internet banking more than in the past. What is Internet banking? Internet Banking is a service supplied by a bank. The customers can conduct to their transactions on the secure website operated by a bank: funds transfer, bill pay, pay a loan, …

There are some advantages of Internet banking: The Internet banking account is easy to open and use. Secondly, The Internet Banking is available 24/24, you can perform your tasks in anywhere at anytime, even on holidays. The only thing you have to need is The Internet Connection. Thirdly, The Online Banking is quite convenient, It means: you can pay your bills, control your banking account as you do not have to stand in queue to wait your transaction, you do not have to keep all receipts to use for transactions after. Internet Banking is fast and efficient, funds get transferred from one account to other is fast, and you can manage several accounts for each your tasks. The last one, the security is high. You do not have to go to bank to conduct your transaction, to receive your money. So it is safe for you. Beside that, you can use a new device, called: The Stoken Sercurity device, supplied by some banks. It helps you save your account. It means: When you want to assess to your account, it gives you a new password, it is only use for this transaction. After that, the password is changed. To have this device, you must charge some money for bank. I think, It is help you protect your banking account.

Through Internet Banking has some advantages, but nothing comes without disadvantages. These are some disadvantages of it, people must be take care of.

Understanding the usage of Internet banking is difficult for beginner at the first time, although, some sites which offer a demo how to use Internet Banking, so people who is new to use might be faced with some difficult. Secondly, If you do not have Internet Connection, you can not conduct your transaction, it means: the Internet

...

Download as:   txt (2.9 Kb)   pdf (57.7 Kb)   docx (10.6 Kb)  
Continue for 2 more pages »