It is my pleasure to welcome you to this presentation, a continuation of the previous article. Previously, we did an introduction on Online Banking and today we'll be taking a look at some of the benefits derived from online banking.
Having known that online banking is a banking system which allows customers to access their accounts online. It creates an avenue where a customer will be able to access his account information without necessarily going to the bank branch. This have become very useful in many ways both in saving time, energy, and reducing stress.
In fact the benefits of online banking can not be exhausted but the following are some of the benefits of online banking system.
- Easy access
- Stress free environment
- Improve security level
- Alway accessible
- Money deposit
- Payment of bills
- Transfer transaction
- Advanced information rate
Online banking system is an easiest means one can access his account. Just with your smartphone or electronic gadgets, you can easily login into your account and carry out whatever banking activities you intend to do.
Stress free environment is one of the benefit of online or internet banking. The inconvenience of walking from your home, suspending your work in the office to the bank; freeing customers just to lock up your shop to get to the bank, and lots more. With the invention of online banking, all these mentioned above might not be necessary because you can get your bank to your home, office, shop and all the rest of them.
The stress of queueing and standing in the bank for minutes to hours just to be attended to will no longer be necessary because you got your bank with you and You can attend to yourself at will at your own convenient and at the comfort of your environment.
Isn't that amazing? Of yes, it is. Since Online Banking can save such stress as mentioned, that is to say that it can lead to longtivity and good health because stress can lead to serious health issues which can be life threatening.
The issue of account hacking, fraudsters and so on can be regulated and minimised via online banking.
The strong password which are created by user's makes it difficult for fraudulent activity to take place. This is possible because your account details are private and confidential and can not be tampered unauthorized. This makes your account more safe and secured.
Local bank branch are not always accessible at any time and any day. Branch bank has limited time that they can operate; that is to say that there are time you will need to access your account but will disappointed that the bank is closed for the day.
With Online banking, this can be avoided because you have direct access to your account 24hours in a week. Which ever time and day you want to access your account is always obtained with online banking because their is no limited time in internet banking.
Just as with the local bank branch where you make deposits; in online banking, deposit of money without having to visit your bank branch.
A mobile app is loaded and you can just deposit your money with your smartphone.
Through internet banking, bills can also be paid. With the app successfully installed, you can pay bills such as house rents, school fees, taxes, EEDC (NEPA) bill and much more can be paid online.
Money can be moved from one account to another account in the form of transfer. You can even set your account in automatic transfer of a particular account for savings or business purposes.
By setting up your online bank account, messages are delivered to the user on their banking transactions.
Alerts are delivered upon deposit, withdrawal and other transactions carried out on your account.
Notifications on necessary information are also delivered. With this, you will know and be updated with the happenings in your bank.
Online banking system has come to stay.
A lot of people are still ignorant on the importance of online banking. Having discussed in details the importance of online banking, it is therefore very necessary that individuals be educated on the importance of online banking so that they can begin to access as this technology was invented for the people as a means of securing their finances.
Special thanks to @xkool24 and @hisgeneral