Banking was once a tedious and time consuming process where you would have to drive to a branch location and wait in line in order to make transactions or monitor your account. Now, with online banking, it's no longer necessary for someone to leave the convenience of their home. You can simply make transactions and monitor you accounts through your banks website or mobile app. You can make transfers, deposits and even payments with just a few clicks.
Characteristics of Online Banking
We are no longer retrained by the bank hours, we can simply make transactions and monitor our accounts on our laptops or mobile phones. We can access our accounts 24 hours a day, 7 days per week.
Death of distance
Banks no longer need to open up branches in different locations in order to be closer to their customers. With online banking they can connect with their customers from anywhere in the world.
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Public - 11/27/16, 8:34 PM