Thursday, September 15, 2011

E-Banking

By Robert Smith


Internet banking can make a whole lot of matters so simple. It's not really similar to telephone banking, which is another interesting innovation of today. Online banking beats the telephone counterpart in that the person in the bank does not have to know you personally. You only have to have the facts of your account straight, and everything you want is yours. How much better can life be?

Much of the troubles we go through these days to do transactions are actually not at all necessary. You should understand this if you knew about Internet banking. Picture getting a loan from your bank by surfing the web from home! Well, yeah it's possible. But apart from that, there's so much more you can do, all without having to physically visit the bank, as was the case with traditional banking.

Remember all those times that you had to sit for hours in a bank while someone counted out the bills of a million bucks so that you could pay it into another account in another bank? And then you would have to wait in the other bank while they counted the money before signing it in too. And the good Lord help you if someone made a mistake with the counting. Not so with Internet banking. You do it all in a few clicks, and it's all over in a few clicks.

Financial technology has really developed beyond what it was several years ago. The automated teller machine was only the first step. Many call it the ATM but have no idea what it stands for, only that they can get their money any time and any where they want it. Well Internet banking is pretty much the same thing, only this time, the money cannot run out unless you seriously have nothing left in the account.

The idea behind this amazing Internet-connected banking is that it enables various transactions from the convenience of your own PC. It might not seem much unless you are the type who actually does have a lot of transactions to do, and you could otherwise have to be placing calls to your banks all of the time. Putting it this way should certainly make it a bit clearer.




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