Wednesday, February 09, 2022

WOTC - Internet banking account

 Wisdom of the Crowd: 67% of the respondents prefer an internet banking account to pay 0.5% on the balance with no charge for transaction.

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4 comments:

Anonymous said...

Internet, business telephone( if there ever is one today) or physical face to face?

For:
Mobility: Internet banking in the form of mobile banking to the customer, while on the move can now handle financial transactions.

Another important internet banking benefit is that it is good for the environment as it cuts down on paper and emissions.


Against:
Some transactions are really complex and cannot be sorted out unless there is a face to face discussion. Pinpointing at issues and signature guarantees cannot be done online.

Security: This is the biggest pitfall of the internet banking scheme is that hackers, identity theft, phishing, malware and other unauthorised activity are common on the net. Even with sophisticated encryption software, there is always smarter circumvention in the cyber net.

We are all faced with situations in life where it is hard to know what is the right thing to do. One thing is for sure, never in one million years where there is such a thing as one size fits all!





February 09, 2022 9:07 AM
Anonymous said...

Internet banking is not for those who are illiterate or came from a lousy school.

Need to check and double-check if you have poor eyesight before pressing enter.

One wrong number or additional zero can cause a lot of heartaches.

Convenience can also mean extreme inconvenience.

Banks are there for shareholders, and if it means cutting corners, they will do it in a heartbeat.



February 09, 2022 1:51 PM
Aman Nigam said...

It's a great blog about Bank App thanks for sharing the blog to know more about Bank Account App Online Open Saving Bank Account

February 10, 2022 7:04 PM
Paras Rastogi said...

Thank you for sharing this valuable and important info with us. To know more on Secure Net Banking

March 23, 2022 2:47 PM

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