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Internet banking is an improvement over pc banking this is because internet banking is done a highly accessible public network. The bank can set up their system much the same as pc banking it is accessible to anyone using the internet not just the bank customer



Advantages

24 hour, 7 day a week access
No need to queue as you would at a bank
You can access your account at any computer with Internet access
Security is integrated
Applications for a majority of popular services can be made on-line i.e. loans, savings accounts, mortgages

disadvantages

You pay for internet connection costs when using the service
If your internet connection fails to function, you cannot access Internet banking
There is no personal interaction between yourself and the bank (employee/advisor)
Internet banking can be slow with a 56k modem
You cannot deposit physical cash using internet banking i.e. cheques, cash in hand. This would require a personal visit to the bank
You still have to visit the bank to obtain cash floats and/or use an ATM machine to withdraw cash