With the advent of the Internet, we have entered fully into what is called the era of communications.
If you have always said that who has the information has the power, we can say that the Internet has democratized society in so far as is an equitable distribution of the information. That it also spreads the misinformation, legends and hoaxes.
But staying on the positive side, the Internet has been instrumental in developing economies, from publicizing and selling products around the world, even to get pictures and documents instantly, etc. This has led to productivity gains, to save time on efforts that were previously more cumbersome.
Banking, of course, was not aware of this information revolution. On the one hand, has reduced the costs of internal management, to be faster and cheaper to move information, and moreover has saved hours of work of its employees as there are now many customers make transactions online. Therefore, the Internet brings additional benefits to the banking system because it increases productivity and lowers their operating costs.
Is it advantageous electronic banking?
But from the standpoint of consumer banking products, is advantageous electronic banking?
We can say that for a client, being able to do almost all the steps through the Internet is a very positive aspect. Who has not spent hours waiting in a bank, or has lost all his efforts in the morning bank?
Internet manages to get from banks that go down in history. At home, in our work or from anywhere (and there are mobile Internet, and electronic banking via mobile phone) can perform all procedures as required by our presence, or at least a call to the bank. Open accounts, have them checked, make transfers and transfers, pay or return receipts, pay taxes, request, activate and deactivate cards, make investments, create pension plans, insurance recruit, hire property in renting, and so on, as well as set of tools for managing our money and know our true position. All this is possible from a computer or a mobile.
The person who can do all these steps from the Internet, save many hours per year for those who come to the bank to carry them out. These hours translate into direct cost savings in many cases (companies). Besides saving time, the convenience of controlling your finances without valuing it must also move.
Anyway, at least once have to go to the bank to create an authorized digital signature that allows us to operate at a distance in the future.
Another advantage for users is that electronic banking, unlike offices, is not subject to schedules, it is available 24 hours a day, 365 days a year from anywhere in the world at low cost.
But as a reflection, it is also true that having personal dealings with the usual bank of our office may be appropriate. There are times when we have to negotiate specific issues that require the complicity of the employee. Therefore, maintaining good relations with cashiers, auditors and directors of the entity and that they know us, know also that our economic data and our level of solvency, is something we must not forget.
Disadvantages that may involve the Internet banking
As for the disadvantages which may involve Internet banking, we can say that you lose the personal attention and financial advisory functions performed in an office.
In addition, e-banking may seem to many traditional users less secure. We must say that most institutions have large security measures to prevent access to customer data and to ensure the exception of deposits. Still, there will always be problems with criminals, but perhaps not steal money in the bank offices or out of, or in cash? We comment in defense of some banks offer free services involving the cancellation of all fraudulent transactions that we might incur if we communicate within a specified period, which can be 48 hours, which should give us some reassurance.
In short, electronic banking saves the client travel time and efforts, and offers control and operation 24 hours a day from anywhere in the world.