Question

Read the statement, write your views first, and counterview later, in two separate passages. ‘Online/Net Banking is better than going personally to the bank for transactions.’

Views:	Counterview:

Answer 1

'Online/Net Banking is better than going personally to the bank for transactions.'

Views:

Counterview:

Online banking provides plenty of benefits. It is easier for customers to check their accounts, pay their bills, and move money from one account to the other. The perks of online banking include: Convenience: With an internet connection, direct banks are open 24 hours a day, 365 days a year. Updating and maintaining a direct account is also easier. It takes minutes to change your mailing address, other additional checks, and look for current interest rates. Another advantage of online banking is. Mobility: Online banking now includes mobile capabilities. New applications are now continually being created to expand and improve this capability on smartphones and other mobile devices. The next amazing feature of online banking is. Smooth Transfers: Accounts can be automatically funded from a traditional bank account. It helps to transfer the money immediately and accurately. Other Advantages of online banking are that it is less time-consuming. Also, it is considered to be a safe and secure method and you have permanent access to the bank.

One disadvantage of Internet banking relates to withdrawing money. While most businesses accept debit and credit cards, people still like to have cash on them too. Hence, you can't withdraw cash over the Internet so you still have to visit your bank's physical location or pay service fees by withdrawing money at an ATM that's not associated with your bank. Another disadvantage of online banks would be. 'Customer Service': Although online banks have implemented chatting features and offer customer service numbers for those with questions and inquiries, it still doesn't compare to the customer service you'll receive by banking at a physical bank location. Security Risks: Next drawback of internet banking could be 'Most banks make sure that their websites are secure, but no bank website is immune from cybercrime and hacking. Hackers target bank websites to swipe account information. Other pitfalls of online banking include difficulty in getting on to the internet at certain times of day-weekday evenings are the most popular. Internet connection is required for Net banking. If the bank's server is down or internet speed is slow then the online transaction is not possible. Another flaw is that 'One must know the basics of computers and the Internet in order to use Internet Banking.' Further, one can misuse your account if your password and Pin Id. comes in the hands of an unauthorized person.