Advantages
Online Banking is convenient as you can access your bank account from home, provided you have internet access. It never closes i.e. it can be accessed at any time so having to go at a specific time is no longer a problem. It is also fast and effective and there are no delays caused by queues. Transferring money between accounts and applying for loans and recieving results are instant.
Disadvantages
Trust, some people cannot always be 100% sure that a transaction went through when using online banking. Learning to use the online banking on the website can be difficult, especially for people who are not very knowledgeable about computers.
Threats
The website you are buying off might not be the actual company that you think it is and they are actually trying to access your bank details using the payment scheme. if someone has hacked your computer or has uploaded spyware they can obtain your bank account details very easily and empty the money out of it.
The website you are buying off might not be the actual company that you think it is and they are actually trying to access your bank details using the payment scheme. if someone has hacked your computer or has uploaded spyware they can obtain your bank account details very easily and empty the money out of it.
These are all very valid points, keep it up
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