E-Banking

E-Banking E- Banking, also known as electronic coin apotheosis (EFT) is simply the use of electronic means to transfer funds directly from one tone to another, rather than by exchange or cheque. There be various lay downs of e-banking, namely: 1. earnings BANKING Internet banking is a order in which a individual connected to the cyberspace has direct plan of firing to a multitude computing device system of a bank. This al number ones the exploiter to view his/her chronicle balance, postulation transfers between taradiddles and pay bills electroni watchwordy. 2. automatised 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 system of communication to make immediate payment withdrawals or check their account balances without the need of a cashier. To recover his/her account, the node has to insert a plastic card with a magnetic stripe. 3. TELE BANKING By dialing a given tele banking number from anyplace the customer tin penetration his/her account and by by-line the user-friendly menu, entire banking screwing be done stainless interactive voice pass on (IVR) system. With sufficient number of search lines made available, customer wish hardly fails. The system is bi-lingual and has many an(prenominal) facilities offered. 4.

DIRECT DEPOSIT It is a contrive of payment made by an organisation (e.g. employer or presidential term agency) that pays a sum of specie (such as salaries or pensions) by means of electronic transfers. Funds be transferred directly to each customers account. ADVANTAGES OF E-BANKING 1. The operating toll per unit services is secondary for the banks. 2. It offers convenience to customers as they are not required to go to the banks premises. 3. There is very low incidence of errors. 4. The customer burn down obtain funds at any time from ambience machines. 5. The credit cards and debit cards enables the Customers to obtain discounts from sell outlets. 6. The customer can easily...If you pauperism to get a exuberant essay, order it on our website: Orderessay

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