DOROTA ZBYSZOWSKA-BURTAK
FILOLOGIA ANGIELSKA
STUDIA ZAOCZNE-II ROK
( INDYWIDUALNY TOK STUDIÓW)

The advantages and disadvantages of internet banking.

 
                                In recent years, a lot of modern societies used to use the internet banking system. It has become very popular in the world. It is used by individual clients and companies. However, each internet banking system has got its advantages and disadvantages.
                               To begin with, for us- the individual customers, internet banking offers a lot of benefits. We can set up our checking saving and credit card.                                                                                                                                                         
                                Secondly, we can pay bills, transfer money, get loans and mortgages, check accounts and activity on them. For example, if we transfer money on-line, usually the money will be transferred to an account within the same bank. However, if we transfer money to an another account, it can usually take over three working days. This way of transfer money is very fast and quick. 
                                Thirdly, we do not have lick envelopes and buy stamps. We do not have to worry if the check will be delivered on time regardless of destination or to stress it not lost.
                                 Moreover, we can keep a close eye on our account without contacting the bank.
                                For a company, the greatest advantage of having internet banking system are very low costs connected with transferring money. For example, internet-only banks can avoid paying bank tellers, renting the physical location of the bank branches and other overhead costs associated with running a regular bank.
                               Nonetheless, as nice as these advantages of internet banking sounds, there are some disadvantages that should be considered before we rush off to join it.
                               Firstly, there is no personal interaction between ourselves and the bank  (employee, advisor, etc.).
                                Secondly, most people do not have secure computers. The computers become infected and their users even not know it. The hackers can easily steal information. It is a possibility of mail theft
                                Another drawback is connected with the fact that even if we use internet banking system we cannot deposit and obtain physical cash i.e. checks, cash in hand or use an ATM machine to withdraw it. This would require a personal visit to the bank.
                                In addition, if our internet connection fails to function, we cannot access internet banking.
                                All things considered, it can be concluded that most people do find that the advantages of internet banking tend to outweigh the disadvantages. They consider that using internet banking system is fast, quick and easy to use. It is available by 24 hour, 7 day a week, without a necessity to queue in the bank.