Where should the Real E-bank be?
First of all the bank must fully understand and appreciate the fact that the banking industry now exists in a global village. It must therefore strive to provide local and global banking services using the infrastructure of the Global village. Most current E-banking applications use the Internet. The advantages of online banking are in providing convenience and flexibility for customers. Let’s take a look at some. Online banking allows customers to get current account balances at any time. Customers don’t need to wonder whether a check has cleared or a deposit has been posted. At the click of a button, customers can easily check the status of their current, savings, and money-market accounts. Through online banking, banks can provide immediate account enquiries/statements online for customers. Customers don’t have to wait till month end for historical, snail-mail statements. Online banking gives the ability to pay bills electronically. Electronic payments can be credited the same day o
