Online banking has some alternative names such as internet banking, e-banking and virtual banking. Basically, it is a convenient way of banking services.
By online banking service, a person can made account transfer, balance inquiries, bill payment and some other tasks. A person can access to his account all the time from anywhere. All he needs is to have user ID and password for his account provided by the bank.
Disadvantages of Online Banking
1. Transactions are possible from anywhere by using computer and internet connection.
2. Online banking are operated by software automatically, for that it is a rapid & convenient way.
3. Customers can pay their utilities bill, know their balance, fund transfer etc from home. It can be done at any time of 24 hours, any time of 365 days.
Disadvantages of Online Banking
1. Strong securities should be enabled.
Actually, online banking system is a such banking system which is an electronic payment system. There are some banks which are providing online banking services in Bangladesh. If you are interested in online banking system, you can communicate to your bank.
