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.
how many kinds of electronic banking?
E-banking is an abbreviation for 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.
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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.
People are using electronic banking.
Business & Finance > Personal Finance > Money Management > Banking > What financial services are available through electronic banking systems?
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.
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This has helped greatly in promptness and efficient delivery of services.
the disdantages are that read it yourself
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.