Almost all regular banking transactions are available through online banking, from transferring money instantly, getting account statements, tracking expenses, and setting up automatic monthly payments.
As online banking is available 24/7, customers don’t need to worry about bank schedules and will have more control over their finances.
Like banking apps, online banking platforms can be opened from any device with an internet connection, meaning that transactions will be possible from anywhere.
All financial information inside an online banking platform is encrypted and password protected. Also, banking sessions expire after a few minutes of inactivity and automatically log users out.