"The advantages of electronic banking is to increase the efficiency of banks performance and improve the level of service, saving time and effort for the customer and the bank employees, as well as the availability of service on 24 hours, including public holidays, and tight control of banking operations, and send and receive documents very quickly."

Apart from convenience and ease of transactions due to its cashless nature, it also makes people less exposed to robbery attacks, hence eliminating crime and the dangers thereto.

Save of time of customer and bank employee, save of expenditure of banks, save of papers (and trees), quick transection, not use of currency notes etc. are the advantages of e banking.

BUT

Before starting e banking transection, you MUST know whether your bank is having insurance or provision to refund you your lost money for any FRAUD withdrawal form your account !!!

Thanks.

Convenience, cheaper and save.

It can easily be operated from anywhere, at anytime. Thus it is convenient and saves time and effort.

Less time spent waiting in lines.

Hello and greetings all,

I agree with Arvind Singh that "it can easily be operated from anywhere, at anytime. Thus it is convenient and saves time and effort". However, the benefits of e-banking is multi-faceted.

There are benefits from the banks’ point of view: better branding and better responsiveness to the market and other monetary benefits. Other benefits from the customers’ point of view: time savings by the automation of banking services processing and introduction of an easy maintenance tools for managing customer’s money. It also has several economic benefits.

E-banking has several benefits. Convenience in planning and making bill-payments, getting bills online, are among some critical ones I enjoy.

Convenience, time saving, no need to deal with physical cash.

Online banking seem to have many benefits but a full set of features is not available in Pakistan.

24×7 availability, time saving-u dont need to physically go to banks, u dont hv to stand in queues and wait for ur turn to come, with digital devices u can use ebanking services anywhere and from any place. All ur daily transactions can also be monitored just at the click of a button..

E banking provides many advantages for banks and customer’s .e-banking has made life much easier and banking much faster for both customers and banks.

The main advantages of electronic banking are: –

Source

https://mangalmay.org/blog/advantages-disadvantages-e-banking/

E-banking is easy, fast, online account and facilitated banking processes in any country at any time we want.

It is convenient

Affordable

Saves time, energy and money

Reduces rate of bank rubbery

Valuable contributions by respected colleagues on this discussion

1) Portability as it saves one of carrying notes.

2) Relatively secured.

3) Saves time.

4) Saves human energy as you don't have to visit banks.

5) So convenient.

Internet Banking has several advantages over traditional one which makes operating an account simple and convenient. It allows you to conduct various transactions using the bank's website and offers several advantages. Some of the advantages of internet banking are: Online account is simple to open and easy to operate.