E-Banking

E-Banking E- Banking, also known as electronic coin ictus (EFT) is simply the practice of electronic means to transfer funds directly from one greenback to another, rather than by bullion or cheque. There are various lay downs of e-banking, videlicet: 1. earnings BANKING Internet banking is a order in which a individual connected to the internet has direct plan of besiege to a multitude computer system of a bank. This allows the user to view his/her chronicle balance, request transfers between accounts and pay bills electroni watchwordy. 2. automatize TELLER MACHINES ( standard atmosphere) An automate teller machine is an electronic computerized telecommunications device that allows the nodes of a fiscal institution to directly use a secure method of communication to make money withdrawals or check their account balances without the need of a cashier. To overture his/her account, the customer has to insert a plastic card with a magnetic stri pe. 3. TELE BANKING By dialing a given tele banking number from anyplace the customer tin access his/her account and by hobby the user-friendly menu, entire banking bottom be done ideal interactive voice receipt (IVR) system. With sufficient number of pursuit lines make available, customer call hardly fails. The system is bi-lingual and has some facilities offered. 4. DIRECT DEPOSIT It is a form of payment made by an organisation (e.g. employer or disposal agency) that pays a summarise of money (such as salaries or pensions) through electronic transfers. monetary resource are transferred directly to each customers account. ADVANTAGES OF E-BANKING 1. The operational cost per unit services is humble for the banks. 2. It offers convenience to customers as they are not required to go to the banks premises. 3. There is genuinely low incidence of errors. 4. The customer foot obtain funds at any time from ATM machines. 5. The credit tease and debit cards enables the Cu! stomers to obtain discounts from retail outlets. 6. The customer can easily...If you want to get a abundant essay, order it on our website: BestEssayCheap.com

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