answersLogoWhite

0

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.

User Avatar

Wiki User

11y 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 thew advantages and disadvantages of electronic banking?

Electronic banking offers several advantages, including convenience, allowing users to manage their finances anytime and anywhere, and faster transactions, which can improve efficiency. However, it also comes with disadvantages such as security risks, including fraud and cyberattacks, and the potential for technical issues that can disrupt access to services. Furthermore, not all users may be comfortable with digital interfaces, which can lead to a digital divide.


What are the advantages and disadvantages of green BANKING?

no


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.


Advantages and disadvantages of banking sector?

n


How has electronic banking changed banking services?

This has helped greatly in promptness and efficient delivery of services.


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.