What are the benefits of e-banking?


Quick Answer

With the rapid growth of technology, banks strive to keep abreast with new trends by improving the access to their services. The invention of e-banking has provided customers with a whole new experience of banking services. E-banking allows customers to access their accounts via the Internet at any time of the day or night. Account holders can pay bills, transfer money and check their balance.

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Full Answer

E-banking gives users 24-hour access to their accounts.This is quite convenient, as it enables users to do just about anything online without visiting their bank. Since banks often close on Sundays and are open for limited hours on Saturdays, users do not have to worry, as they can access their accounts anytime and any day conveniently. Account holders do not have to queue for bank services. By logging in online whenever it is convenient, users can access their bank account. With online banking, customers can keep close tabs on their money without incurring any other costs. This is because they eliminate the costs of making calls to or visiting their bank. Moreover, e-banking provides an innovative and stress-free way to plan a budget and manage money. Most banks allow customers to pay their bills online and provide SMS alerts when there is a withdrawal.

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