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1. The most common one would have to be the fact that not all banks andbuilding societies offer 24 hour telephone banking.
2. Telephone banking like online banking can seem impersonal, but likeonline banking, if you use it on conjunction with your regular bank accountit can be a useful tool
Wiki User
∙ 12y ago
Wiki User
∙ 11y agoThere are various disadvantages of telephone banking such as:
1. The system can be difficult to use i.e working through all those menus
2.Security- Mobile users are susceptible to a phishing like scam called smishing. This occurs when the mobile user gets a fake text message asking for account details.
Wiki User
∙ 12y agoThe disadvantage I can think of with respect to internet or e-banking is the fact that, anyone who has the online banking credentials can access the account and make transactions. This way, if the actual customer lost the information or had it stolen, the thief can use it to take money from the customers account.
Nowadays banks offer one time pins and other authentication mechanisms to ensure that such incidents are minimized.
Wiki User
∙ 11y agothe petrol station will be poor
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What is VRU in banking?
"Voice Response Unit" for telephone banking. It is the automated telephone banking systems common in most banks and credit unions when a customer or member makes electronic banking transactions or inquiries via telephone.
Banks that offer telephone banking?
Almost all banks these days offer telephone banking. Ex: In India we have telephone banking options for all leading banks like SBI, ICICI, HDFC etc
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 are the advantages and disadvantages of green BANKING?
no
What are advantages of telephone banking?
There are multiple advantages when it comes to telephone banking. You can easily check your account balance or transfer money from your savings to your checking account.
Advantages and disadvantages of banking sector?
n
What is difference between mobile banking and telephone banking?
phone banking refers call the bank regarding any details from your telephone & respond to voice promptly by bank. mobile banking,most bank offering services will send sms your a/ct balance.
How do you describe the e-banking products?
Some of the e-banking products are: a. Internet or Online banking b. ATMs c. Mobile banking d. Telephone banking e. Etc
What are the disadvantages of branch banking?
the disdantages are that read it yourself
What are the disadvantages of rural banking?
Some disadvantages of rural banking are:Profits are much lesserRevenues are much lesserNumber of customers are lesserThe types of services provided are much lesserAll these are with respect to banking services provided by banks in cities.
What is the meaning of telebanking?
system of banking by telephone: a system of transacting business with a bank by telephone is known as Telebanking.
What is the telephone number for natwest direct business banking?
08456072607
