The advantages of electronic banking are the ease, speed and security of all transactions.
In addition, it saves time and money, since there are no shipping costs or bank commissions.
On the other hand, the disadvantages are the lack of trust in some users and the risk of being exposed to cyber fraud.
Advantages
The main advantages of electronic banking are convenience, security and speed.
On the one hand, electronic banking provides convenience by allowing users to bank from anywhere with just a computer or mobile device connected to the Internet.
In addition, it is one of the safest ways to conduct financial transactions because data is transmitted through encrypted channels.
Users can also manage their accounts and bank accounts from anywhere and at any time without having to visit a physical branch.
With online banking, users can make transfers, payments and other banking transactions in a matter of minutes.
This means that there is less time wasted on transactions.
In addition, with online banking, it is easy to track transactions and view transaction history.
This means that users can check the status of their accounts and learn about their overall financial situation.
This can help them make informed financial decisions.
Disadvantages of online banking
One of them is the fact that it has no face-to-face support, which can be inconvenient for those who are not familiar with the technology.
If there are any technical or legal problems, you will have to contact the support team via phone or email to find a solution.
Another disadvantage is the high security risk. Although many banks offer secure systems, there is still a risk of hacking and fraud.
This can lead to the loss of money and sensitive personal data.
Finally, the costs associated with electronic banking are often high due to fees for transfers and payments, or for using the service in general.
