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Demerits of e banking

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Anonymous

∙ 15y ago
Updated: 8/17/2019

Actually speaking e-banking or internet banking has revolutionized the banking industry. Customers are able to carry out banking transactions from the comfort of their homes or offices. The only possible demerits I can think of are:

1. Phishing - Malicious elements trying to get your internet banking credentials and trying to access your bank account

2. Online Fraud

3. Probably it makes you lazy too…

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Wiki User

∙ 15y ago

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