Types of Electronic Banking

[sunandaC]

Types of Electronic Banking

Traditional high street bank

Internet – only Bank

Traditional High Street Bank



Direct dial /PC banking

Web – based Internet banking

Internet - only Bank

No branch network works exclusively over internet.

Customers can access from any part of the world.

Offers wide range of services as compared to other banks

Provides better rates and deals than regular HSB.

Customer need to have his/her login id and password to log on to bank

Digital signature is needed.

 

[Business-education]

Electronic Banking

Electronic banking means 24-hour access to cash through an automated teller machine (ATM) or Direct Deposit of paychecks into checking or savings accounts. But electronic banking involves many different types of transactions, rights, responsibilities — and sometimes, fees.

Advantages of electronic banking

1) Fast and Prompt

2) Convenience

3) Ease in transaction

 

[jitenmazee]

Hey sunanda, there are many advantages of electronic banking such as you access your account from anywhere using internet, your mobile phones and can also do transaction of money. I am uploading a document which will tell you more about electronic banking and its various types and uses.