What is the purpose for online banking ?
Internet banking is
the option by which the bank customers can make transactions like :
1. Balance Inquiry
1. Balance Inquiry
2.
Fund transfer
3. Statement view
4. Bill pay etc
3. Statement view
4. Bill pay etc
To allow people to
keep track of their finances as well as make transactions from the comfort of
their home. It means they don't need to wait in long lines at bank branches and
they can easily check how much money is in their account, how much interest they
are receiving and view their statement at any time. Normally the customer would have to make a trip to the bank to do these transaction, but with the advent of internet banking the ease of account operation for costumers has gone high.
All the customer requires is a PC with an internet connection and internet banking login id and password to use this facility.
All the customer requires is a PC with an internet connection and internet banking login id and password to use this facility.
Who are its target
audience ?
businessman,
international business people on trips,
international business people on trips,
what are the
advantages of online banking ?
advantages of online
banking :
1. Pay Your Bills Online
You can use online
banking to pay your bills. This will eliminate the need for stamps and protect
yourself from the check being lost in the mail. You will need to fill out the information once, and
then you can simply choose that profile every time you pay a bill online. I. Be careful since some of these companies may charge a convenience fee.
2. View Your Transactions
Online
banking allows you to access your account history and transactions from
anywhere. This is the quickest way to check and see if a transaction has
cleared your account. This can help you to find out the amount of a transaction
after you have lost your receipt. It also allows you to find out about
unauthorized transactions more quickly. This can help you to resolve the issues
more quickly.
3. Transfer Money Between Accounts
Online
banking also allows you to transfer money between accounts much more quickly.
It is more convenient than using the automated phone service, and can save you
a trip to the bank. When you apply or set up your online banking, be sure that
all of the accounts you have at the bank are listed. This will make it easier
to transfer money and make loan payments online.
4. Protect Yourself Online
It is important to be careful when
banking online. You do not want your safety or privacy to be breached. It is
important to clear your cookies after each banking session, if you are at a
public computer. Additionally, you need to make sure that your password is long
enough to prevent it from easily being hacked. Never give your online account
information to someone who is not an authorized signer on your account. Check your credit report regularly. These steps should protect
your from identity theft.
How online banking might improve in the future ?
online banking might improve in the future by improving :
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