The majority of things that have been changed by the technology are beneficial to disabled people and help people improve there life. Technology has made life much easier for people and safer however it has also created new crimes.Online banking also has become more popular. Online banking provides a good service for people who can’t go to the bank due to disability or work. However the major downside is that you cannot input and deposit and withdraw money but you can manage your bank and look at your bank activity such as transferring money and paying bills etc.
Real banks are open normally around 8 to 2 oclock (6 hours a day) which is not convenient for people working days. However online banks are open 24/7 so managing your bank can be done at any time. In normal banks you have to deal with things such as the public, travel, parking. Travelling can be expensive but now you can just check your bank on your smartphone or laptop without even moving. It can also be time consuming because banks normally have really long queues but there are no queues online so it can all be done online in a matter of minutes compared to hours in a normal bank.
There is a big risk of crime with both normal banks and online banks. You could get robbed on the way to or from the bank or your account could get hacked. However with online banks there is no issue with physical crime because you never leave the house. You don't have to plan your day around the time that the banks are open.
Online you can do things such as
§ view balances
§ pay bills
§ transfer funds
§ set up recurring bill payments or transfers
§ view accounts
§ order cheques
https://www.cibc.com/ca/student-life/banking-101/intro-to-banking/benefit-online-bnkng.html
Some of the negatives of online banking are:
Trust is the main negative about online banking. It can be hard to trust an online bank because of two main reasons: identify theft and operator error. Identify theift is when someone steals another persons identity and use it to benifit themselves and get money e.g. someone might steal someones bank account and pretend to be them in order to get money.
Its best not to use an unsecured wireless internet connection such as starbucks because its too easy for an identity theif to steal and hack your personal information.
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Some people worry that they might press buttons too much or not enough because mabye the website freezes or the connection fails. The best solution to this is to print the transaction receipt and keep it with your bank records.
Real banks are open normally around 8 to 2 oclock (6 hours a day) which is not convenient for people working days. However online banks are open 24/7 so managing your bank can be done at any time. In normal banks you have to deal with things such as the public, travel, parking. Travelling can be expensive but now you can just check your bank on your smartphone or laptop without even moving. It can also be time consuming because banks normally have really long queues but there are no queues online so it can all be done online in a matter of minutes compared to hours in a normal bank.
There is a big risk of crime with both normal banks and online banks. You could get robbed on the way to or from the bank or your account could get hacked. However with online banks there is no issue with physical crime because you never leave the house. You don't have to plan your day around the time that the banks are open.
Online you can do things such as
§ view balances
§ pay bills
§ transfer funds
§ set up recurring bill payments or transfers
§ view accounts
§ order cheques
https://www.cibc.com/ca/student-life/banking-101/intro-to-banking/benefit-online-bnkng.html
Some of the negatives of online banking are:
Trust is the main negative about online banking. It can be hard to trust an online bank because of two main reasons: identify theft and operator error. Identify theift is when someone steals another persons identity and use it to benifit themselves and get money e.g. someone might steal someones bank account and pretend to be them in order to get money.
Its best not to use an unsecured wireless internet connection such as starbucks because its too easy for an identity theif to steal and hack your personal information.
News stories
Some people worry that they might press buttons too much or not enough because mabye the website freezes or the connection fails. The best solution to this is to print the transaction receipt and keep it with your bank records.