Online
banking is a modern banking system that emerge after technological advancement
and information technology. Bank customers are able to perform their banking
activity from anywhere and anytime as long as they are connected to the
internet.
Online banking through traditional banks enable customers to
perform all routine transactions, such as account transfers, balance inquiries, bill payments, and stop-payment requests,
and some even offer online loan and credit card applications. Customers are also able to access their bank account and the
information will be updated every time they check it.
However, some banks might have limited coverage for online banking since
they might have problem with infrastructure and environment. Security might be
an issue for some customers since hacker can steal their money even though it
is unlikely to happen.
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