The advantages and disadvantages for e-banking are extensive. E-banking refers to the use of a bank's website to oversee accounts and make transactions. A terrific advantage is having access to an account 24 hours a day, 365 days a year. Funds can be transferred from one account to another within seconds. Cashed checks can be viewed as photo files. One disadvantage is that passwords can be
. stolen, allowing thieves (or even just nosy friends and relatives) to view account balances without much chance of being caught. Another disadvantage is the lack of a paper trail. For example, when applying for a home or car loan through another institution, account information printed off the internet might not be valid. Perhaps the best option is a mixture of traditional and e-banking, with online account access at home and traditional paper statements in the mail.
