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Name three advantages of banking online.

Sagot :

GinnyAnsweridn

Final answer:

Online banking offers convenience, cost savings, and security benefits to customers.


Explanation:

Three advantages of banking online:

  1. Convenience: Online banking allows customers to access their accounts, transfer funds, pay bills, and monitor transactions anytime, anywhere, without visiting a physical bank branch.
  2. Cost Savings: Banks find online banking more cost-effective than traditional in-bank methods, leading to reduced fees for customers and lower operational costs for financial institutions.
  3. Security: Online banking provides enhanced security measures such as encryption, secure login processes, and fraud monitoring to protect customer information and transactions.

Learn more about Advantages of banking online here:

https://brainly.com/question/3279003


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