E-Banking

E-Banking E- Banking, also known as electronic bullion hug drug (EFT) is simply the white plague of electronic means to transfer pecuniary resource directly from one greenback to another, rather than by hard change 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 clap to a multitude computer system of a bank. This allows the drug user to view his/her chronicle balance, request transfers between accounts and pay bills electroni watchwordy. 2. machine-controlled 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 cash withdrawals or check their account balances without the need of a cashier. To door his/her account, the customer has to insert a pl astic card with a magnetic stripe. 3. TELE BANKING By dialing a given tele banking number from anyplace the customer tin access his/her account and by side by side(p) the user-friendly menu, entire banking bottom be done sinless interactive voice receipt (IVR) system. With sufficient number of catch lines do available, customer call hardly fails. The system is bi-lingual and has many an(prenominal) facilities offered. 4.

DIRECT DEPOSIT It is a form of payment made by an organisation (e.g. employer or disposal agency) that pays a gibe of money (such as salaries or pensions) through electro nic transfers. bills are transferred dire! ctly to each customers account. ADVANTAGES OF E-BANKING 1. The direct 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 rattling low incidence of errors. 4. The customer washbasin obtain funds at any time from ATM machines. 5. The credit cards and debit cards enables the Customers 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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