answersLogoWhite

0

Disadvantage of electronic banking

User Avatar

Anonymous

17y ago
Updated: 8/17/2019

You can't do any cash transactions. In other words you can't lodge or withdraw money, and they are the two most important things that people want to do with a bank account.

User Avatar

Wiki User

17y ago

What else can I help you with?

Related Questions

Security of electronic banking?

how many kinds of electronic banking?


What is full form of E-Banking?

E-banking is an abbreviation for electronic banking.


What are Advantage disadvantage of electronic filing system?

CAn get hacked mate


What are disadvantages of electronic banking?

The disadvantages of electronic banking are that there may be security concerns when banking online. There also is less customer service if you encounter a problem with your account.


What is the definition of electronic channels?

Electronic channels refers to all the service innovations that is presently taking place in the service delivery part of banking industry. It may include ATMs, online banking or electronic banking and so on.


Why is using checks to pay bills becomeing less popular?

People are using electronic banking.


What financial services are available through electronic banking systems?

Business & Finance > Personal Finance > Money Management > Banking > What financial services are available through electronic banking systems?


What is conventional banking and electronic banking with the usage of atm's and credit cards?

The conventional banking system requires the customers to personally present themselves in a banking institution to open an account. Members can open a bank account and transact business using the internet in the electronic banking system.


What are advantages and disadvantage of electronic storing?

dfghjbhnjmi8p


What are the merits and demerits of merchant banking?

Merchant banking provides services that businesses need. One disadvantage to merchant banking is that it is a little more expensive than personal banking,


Disadvantege of telephone banking?

One disadvantage of telephone banking are that you don't get a receipt for your transactions, instead you receive a confirmation number. The other disadvantage is that new users may find the labyrinth of options tricky.


What is the disadvantage of e-banking?

If there should happen to be a problem, you can not visit a branch