Advantage, Disadvantage and Threats of online banking

In this post I will be discussing the advantage, disadvantage and threats of online banking and these are:

Advantage

·         You can access your online bank account from anywhere in the world as long as you have internet access.

·         If you want to transfer money quickly to another account you can go online instead of going down to withdraw money and lodging it into the other account.

·         Check your balance without leaving your home.

·         Apply for a loan online.

·         No queues.

·         Don’t have to worry about working hours because the bank is open online 24/7

·         Don’t have to rush out on your lunch to go to the bank before it closes.

Disadvantage

·         If you deposit money in your back account it may be slow to respond that you have placed money in your account.

·         Any problems can’t talk to people voice to voice to explain what the problem is properly.

·         Server could crash and this means you wouldn't be able to access your bank account when you need to.

·         Using online banking is not always secure.

Threats

·         People can steal your personal details if someone planted a virus on your computer they may copy your personal details.

·         You could get scammed by people sending you emails and ask for your details and use them whenever.

·         If you leave it on some random person could go onto your online banking and transfer money to another bank account without you knowing.