Moreover the on the net account could be accessed

Info icon This preview shows pages 8–9. Sign up to view the full content.

component of the day, even during weekends and holidays. Moreover, the on the net account could be accessed from any place around the world, provided that web connection is obtainable. On the net bank accounts make banking expedient, convenient, and inexpensive. Numerous banks charge fewer fees for the on the internet banking services they provide. Furthermore, banks have higher interest rates on savings accounts and certificates of deposit, and provide additionalfinancial
Image of page 8

Info icon This preview has intentionally blurred sections. Sign up to view the full version.

services and products. Buyers do not must purchase envelopes and stamps, run to the post office at the last minute, and risk being late on their payments. Monthly bank statements and bills might be accessed electronically. Finally, on the net banking employs sophisticated tools that support manage one's funds and accounts with ease. Despite increased security measures along with the availability of anti-virus and anti-spyware programs, identity theft is still a concern. Other threats associated with on the internet banking include phishing and hacking of on line accounts. Time is among the precious commodities, especially for multi-taskers. On the other hand, some persons prefer to visit their local bank and interact with the teller in individual. Buyers can turn to the bank's special account representative or even to the bank manager. Clients are physically present when money is handed over to them and when they place valuable items in their safety deposit boxes. When consumers hold their funds in banks, they expect to have them accessible when required. The Federal Deposit Insurance Corporation provides coverage of up to $100.000 if banks cannot cover their clients' accounts. Most banks have increased the level of security by installing extra surveillance cameras and hiring a larger number of security guards. With conventional banking, buyers are greater protected against identity theft. Nevertheless, security is still a concern with conventional banking. Whilst criminals cannot hold a gun to one's personal computer, they can rob a bank the conventional way. Inconvenient locations, fixed schedules, and additional limited financial services are a few of the disadvantages associated with conventional banking. In contrast to world wide web banking, consumers opting for standard banking services must draw dollars just before making use of it. The FDIC (Federal Deposit Insurance Corporation) pays up to $100,000 of coverage, in case that a bank cannot cover its accounts (both on the web and standard). Nevertheless, protection from identity theft is an aspect of banking that standard banks take much better care of.
Image of page 9
This is the end of the preview. Sign up to access the rest of the document.
  • Winter '10
  • MsEugene
  • Health care provider

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern