Online banking is becoming more and more popular as the days go by.
Online banking uses today's computer technology to help you manage your finances more quickly and efficiently.
Advantages:
> Online banking never closes, unlike your local bank, the site is avaliable 24/7.
> Whatever country you are in as long as you have a computer with the internet you can access
account at anytime.
> Transaction Speed, you can move money from one account to another very quickly.
Disdvantages:
> You have to provide personal ID information to open up an account on site.
> The sites could change, be re-designed, this sometimes requires you to re-new your personal information.
I personally don't have a online account, but i know my mum uses the Internet for online banking and she goes to the bank when she is in town. Though she believe that online banking is very useful and easy to use, the biggest advantage for her was that you didn't have to visit the bank. Online banking is very convenient.
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