I do all of my banking online. my checking account (usaa) has a 1% interest rate and I never pay an ATM fee. I get a $15 a month credit for the ATM fees that show on my account at the end of each month. due to the fact i do most of my bills online and my pay check is automatic deposit i never need cash. on the rare occasion that I do need to deposit a large amount of cash i would have to go to a currency exchange convert it to a check and mail it to my bank. In the 8 years that I have done on line banking that happened once. My bank supplies me with self addressed paid postage envelopes to mail deposit checks.
in short if you work a lot with cash and checks i suggest retail banking. Online banking is a lot easier if you do most of your bills online.
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The disadvantages of Retail Marketing
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there are many advantages and disadvantages so i do not have time to tell you search anywhere else OHK?
The advantages of computers in the banking sector include accuracy, speed and the opportunity to notice trends. Observing this can allow beneficial and directed interactions grooming customers. The disadvantage is that customers are now numbers, not people.
Yes, consumer banking is basically the same as retail banking.
Advantage: Not having to travel for shops. Dis-Advantage: Gridlock when parking.
advantage operating cost is low disadvantage terms and condition hidden
Retail Banking is nothing but the one which directly deals with and stands for General Public . And the other types like Commercial and corporate are what we can say as Non-Retail Banking
Wholesale banking is the business transactions that go on between banks. Retail banking has to do with direct customers of the bank.
consumer banking is same like retail banking.
what are the advantages of online banking