Just the mention of that name "e-banking", the first thing that comes to many peoples mind is fraud, they will still my money etc, while others think convenience. Whether for convenience or control, e-banking is an aspect of banking that nobody can resist. E-banking is simply another name for electronic banking. Simply put, it is the use of electronic devices and gadgets to perform banking transactions.

Today, there are many different electronic devices which can be used for financial transactions. These devices include smart phones, tablets, phablets, computers, Automated Teller Machines (ATMs), Point of Sale (PoS) machines and many others. E-banking has made banking more convenient for bank customers as they can now perform banking transactions without actually visiting a bank branch.

Consider the below info. as just a few of numerous transactions which can be done via e-banking:

1. Transfer of money from one bank account to another. This can be done for accounts in the same bank or accounts in different banks using your phone, tablet or computer.

2. Withdrawal of money from your bank account through an ATM. This can be done with your bank card such as your Visa, MasterCard or Verve card.

3. Paying for goods or services on a POS Machine. These machines can be found at supermarkets, fast food or other restaurants, hotels, salons and many other places. Once you have your bank card with you and there is also a POS machine available, you can pay for the items you have bought or services you have used. You do not need cash.

4. Transfer of money, checking of your account balance, and payment of bills through the ATM.

5. Printing your bank statements, checking your account balances and many other transactions through internet banking, on your computer, laptop or tablet.

Interestingly, there are very many banking services which are now offered electronically and many people use them comfortably. However, there are a number of bank customers who are reluctant to use e-banking services due to security concerns. It is imperative to note that banks invest huge resources on their e-banking channels to ensure that their customers are safe.

As a customer, there are also a few things which you need to do to protect yourself when using e-banking services. Firstly, your most important protection is your PIN or password. Do not use a PIN or password which fraudsters can easily guess. Don’t use your date of birth or those of your family members as a PIN or password. Don’t use one PIN or password for many accounts. Don’t not use your banking password for your social media accounts, for example for Facebook or Twitter. Lastly, change your PIN or password once you suspect that someone else knows it.


Complete article at http://www.exlinklodge.com/2015/12/5-reasons-why-using-e-banking-in.html



cc lalasticlala

Internet banking is so convenient, if only people knew, there'll be less queues in banks. I'll also commend GTB for introducing the *737*1*amount* NUBAN# transfer. You don't need an internet enabled phone to carry out that transaction and it costs just N20 to transfer to other banks. As long as you don't give out the digits on your ATM, your BVN or your Pin, your account is safe.

We need as many measures to allow us handle less physical cash in this country. Those armed robbers ain't smiling.

Complete article at http://www.exlinklodge.com/2015/12/5-reasons-why-using-e-banking-in.html

but you don mention the 5 reasons now..

For real, it is a no-brainer.

Ebanking makes life kind of convenient. I can't stand unnecessary queues in the banking halls. Major Glitch over ebanking is unavailability of interswitch network...aside that, it's a preferred choice. But, the day you mistakenly transfered money to the wrong account, you are on your own

endtimesblog:

What is the meaning of this nonsense

E-banking is cool, i love it... Just hate some banks tho










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nice post

6.to help all this hungry ladies

nice

Can you also give us the disadvantages of using E-banking so that we can weigh both and choose the better side. Thank you

I quite agree with you on this. I use the service and it is very convenient. However, the potential liability of innovation is that if your phone mistakenly gets into the hands of a dubious person, you are finished!

dominique:
Internet banking is so convenient, if only people knew, there'll be less queues in banks. I'll also commend GTB for introducing the *737*1*amount* NUBAN# transfer. You don't need an internet enabled phone to carry out that transaction and it costs just N20 to transfer to other banks. As long as you don't give out the digits on your ATM, your BVN or your Pin, your account is safe.
We need as many measures to allow us handle less physical cash in this country. Those armed robbers ain't smiling.

really?

what about in a scenario whereby ur money hangs in btw heaven and earth due to faulty ntwk?

okay

I comfortably transfer money from my bedroom. Saves me transport cost of going to banks. But they should reduce the transfer charge.

Ok..

Ok

E-banking is not bad

The fear of losing money is the beginning of wisdom

oga no b when the place de trekkable o

#100 wey go do me chop better I go use am on top transportation just because of e-banking

its good sha when you don't want to waste time and during the weekend too

all young people should have the short code handy just in case of stingy uncles and aunties ..if de say till Monday tell them the short code and get ur money instanta or else na Oyo for you o

What about its demerits.

Waiting for 5 reasons why you should not use e banking in nigeria

E-banking all the way...
for easier banking and transaction, ebanking all the way

E banking is awesome.

Personally I don't use ebanking because it is prone to being hacked as our network in nigeria is porous and poor

dav8id:

E-banking all the way...
for easier banking and transaction, ebanking all the way

Your remove the direct line to the organization and put your own for selfish interest

Black man will always be black man

Profkomolafe:
what about in a scenario whereby ur money hangs in btw heaven and earth due to faulty ntwk?

Nothing like money hanging due to network failure during transfer, its either the money is in your account or in the account you are transferring to, tnx

They should simply reduce the transfer charges. Aside that it is simply cool!