E-Banking or Online Banking Essay

The advantage and disadvantage of Online banking (Pubali bank TAT) exam 16June 17

The term "Online Banking" infers to e - banking or electronic banking , is first introduced by Standard Charted Bank and locally Dutch Bangla Bank in 1990, brings a dramatic change in banking sectors especially bring efficiency and speed in the work. Not only does it make life easiest but also makes it insecure in some case is discussed below .

The leading ,however, changes brought by online is to make life easier in regarding to bank activities. Now we can do all our banking activities not going to the branches only means of virtual banking. It is not only save our time but also does make  us more secure .Now anyone can buy everything not bring money with him/ her by means of plastic card . Besides SMS allows us to do some banking inquiries on our device from anywhere under the mobile network coverage in a country .

The another advantage ,furthermore , of Online banking is to abbreviate cost . Statistics shows that in traditional banking per customer bank cost is 10 Tk  but in online banking the cost is .01 Tk is much more lower than traditional banking .Currently international usage of VISA or MASTER CARD is limited in our country is a main barrier in the way of online worker ,who has to perform online transaction frequently .

Though Online banking has numerous privileges  it has  shortcomings too . The main drawback is insecurity ,if we can not secure our bank web channel ,hackers can hack the channels and then can transfer money is seen recently by hacking Bangladesh Bank and prior to City Bank .Banks should ensure about their web tunnels security .

Obviously ,we also have to confess that it also creates unemployment .Because of online banking where once needs more employee now can do the job with few employee as it minimizes worker through its working speed along with  pressure . 

To sum up , Online banking future in Bangladesh can be very prosperous. What the resources we have they can exacerbate their  e-banking , is also will be adjuvant to them .The bank companies need to do their activities more flexible and availability in customers need .

Collected from Facebook