The Benefits of Electronic Banking?

The Benefits of Electronic Banking?
by

1 Answer

Answer :

Electronic banking has revolutionized bank account managementand provides many features that are valuable to those with accessto the services. These services are often offered as part of thebanking package offered to customers. These electronic bankingservices are offered through the bank's website and allow customersto manage their accounts, pay bills online and perform othertransactions from a web browser.One of the most used features of electronic banking is onlinebank statements. Many banks offer online statements, which allowcustomers to view their monthly statements in detail. Thesestatements display transactions, credits, deposits and debits madeto the account. In many cases, the bank may offer access to upseveral years worth of bank statements and allow customers to printthem, whic
by
selected by

Related questions

Now that every bank in America has electronic banking services, and you can check your balance with the click of a mouse, does anyone still actually do the whole "check reconciliation" thing?

Description : Now that every bank in America has electronic banking services, and you can check your balance with the click of a mouse, does anyone still actually do the whole "check reconciliation" thing?

Last Answer : answer:I have to write several checks a month to the snowplow guy, to most of my home contractors (roofers, guys who installed my new skylights, arborists), the man who mows the lawn of a pocket park ... the occasional month that I get it down to the penny, I can hear my dead father praising me.

What does the letter `e' denotes in the term `e - banking'? (1) Essential Banking (2) Economic Banking (3) Electronic Banking (4) Expansion Banking

Description : What does the letter `e' denotes in the term `e - banking'? (1) Essential Banking (2) Economic Banking (3) Electronic Banking (4) Expansion Banking

Last Answer : (3) Electronic Banking Explanation: 'e-banking' stands for electronic banking which involves the use of computers to carry out banking transactions such as withdrawals through cash dispensers or transfer of funds at point of sale. It is also known as online or interne banking.

What does ECS in banking transactions stand for? (1) Excess Credit Supervisor (2) Extra Cash Status (3) Exchange Clearing Standard (4) Electronic Clearing Service

Description : What does ECS in banking transactions stand for? (1) Excess Credit Supervisor (2) Extra Cash Status (3) Exchange Clearing Standard (4) Electronic Clearing Service

Last Answer : (4) Electronic Clearing Service Explanation: Electronic Clearing Service is a mode of electronic funds transfer from one bank account to another bank account using the services of a Clearing ... tax, etc or for loan installments of financial institutions/banks or regular investments of persons.

................. uses electronic means to transfer funds directly from one account to another rather than by cheque or cash? (A) M-Banking (B) E-Banking (C) O-Banking (D) C-Banking

Description : ................. uses electronic means to transfer funds directly from one account to another rather than by cheque or cash? (A) M-Banking (B) E-Banking (C) O-Banking (D) C-Banking

Last Answer : (B) E-Banking

What does the letter ‘e’ denotes in the term ‘e - banking ’ ? (1) Essential Banking (2) Economic Banking (3) Electronic Banking (4) Expansion Banking

Description : What does the letter ‘e’ denotes in the term ‘e - banking ’ ? (1) Essential Banking (2) Economic Banking (3) Electronic Banking (4) Expansion Banking

Last Answer : Electronic Banking

Write down any two benefits of net banking. -Technology

Description : Write down any two benefits of net banking. -Technology

Last Answer : (i)Banking can be done anytime i.e. 24x7.(ii) Its fast and hassle free.

What are the benefits of online banking ?

Description : What are the benefits of online banking ?

Last Answer : 24 hours a day and 365 days a year from any place using computer and internet to login to the account , knowing the balance of the account , money can be transferred from one account to ... made. Automated management through internet banking software. As it happens, it is very fast and convenient.

What benefits does the electronic laptop cooling pad have?

Description : What benefits does the electronic laptop cooling pad have?

Last Answer : The electronic laptop cooling pad can cool you laptop without making it hot while you use it. the heat of the laptop will not bother you nor will it damage you laptop.

What are the benefits of electronic reading devices?

Description : What are the benefits of electronic reading devices?

Last Answer : Electronic reading devices like kindle are not as heavy and as big as laptops or PCs. They have big fonts and you can store many books on them. They have non glare screens also.