ONLINE BANKING

        The developments in the realm  of the internet have given rise to a wide range of radical changes in relation to our daily  lives.In today’s world,we can use the internet to do our tasks and work without  so much effort compared to the past.One of the these radical changes that the internet has brought to modern life is online banking,which has achived great success across the globe for over a decade.Today many people would rather do online banking than traditional banking on account of its considerable advantages,yet it has many disadvantages as well.

First of all,the most advantageous aspect of online banking is that it saves a remarkable amount of time.When one goes to a bank,he has to wait for an extended period of time for his turn to come,yet online banking enables the customers to do the same thing just by pressing a few buttons.That is,it prevents one from wasting his time in the bank,which is crucial to people who are struggling to get to a bank due to their busy daily routines.Moreover,this is one of the ways that we can  save our money.To illustrate,when we get to a bank to pay our bills or rent,nearly all banks require us to pay extra money due to  the supposed expenses that the bank has to meet in order to serve their customers better; this  is the way that many banks resort  to  to increase their annual revenue.On the other side of the coin,most activities that online banking offer us are usually free of charge ,which makes it appealing to those who run their businesses through banks.Furthermore,there are numerous people who have difficulty getting to a bank due to their   disability or age.From the point of view of these kinds of people,banks are the destinations that they can not reach without someone’s help or their wheelcahirs,which makes life harder for these people.However,despite the difficulties keeping them from getting to banks,these people can do activities involving banking at their homes with the help of a person who is capable of doing these things.

             Besides its advantages,online banking has considerable disadvantages that many people are questioning currently.The most debated thing with respect to the drawbacks of online banking is the lack of security that makes bank accounts more prone to attack by hackers from all over the world,which is the most prominent cause of the decline in the reliance on online banking.Today,most people are not even aware of the vulnerability of their online bank accounts to these kinds of attacts and they don’t care enough about it.Even the most basic steps that every peerson  using online banking has  to take such as not accesing their own accounts through public online networks such as cyber cafes are disregarded .Online banking also enables banks to strengthen their relationship with their customers,which,in time,leads to unwanted results in terms of wasting money.Today many banks resort to numerous ways in order to trigger more spending  since they need this to increase their revenue.Therefore,banks usually try to persuade people to use online banking because it is the best way for banks to fool people.

 To sum up,online banking is the way that millions of people are using to make their lives easier nowadays.Although it has a long way to go in terms of its security drawbacs,it is worth  useing  online banking due to its considerable advantages. Enes KILINÇARSLAN