The features of e-banking include:
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24/7 Account Access: E-banking allows customers to access their accounts anytime, anywhere, as long as they have an internet connection. This means that they can view their account balances, transaction histories, and other account details at any time.
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Convenient Banking Services: E-banking provides a range of convenient banking services, including online bill payments, money transfers, loan applications, and credit card management.
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Mobile Banking: Many banks now offer mobile banking services that allow customers to access their accounts using their smartphones or tablets. This provides even more convenience, as customers can perform banking tasks while on the go.
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Improved Security: E-banking has become more secure with the implementation of advanced security measures such as two-factor authentication, encryption, and biometric verification.
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Personalized Services: E-banking also offers personalized services such as customized account alerts, personalized product recommendations, and tailored financial advice.
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Lower Fees: E-banking transactions are often cheaper than traditional banking transactions, as they do not require the same overhead costs such as branch infrastructure and personnel.
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Paperless Transactions: E-banking transactions are often paperless, which reduces the amount of paper waste and helps the environment.
Overall, e-banking offers a wide range of benefits to both customers and banks, including convenience, accessibility, cost savings, and improved security.
