ciktie-ar.blogspot.com: Online Banking

Do you familiar with online banking? I’m really sure that everyone prefers online banking rather than goes to the bank and misses the wonderful time in their life. I would like to share with you about online banking benefits and disadvantages as well as example of online banking portal for the bank in Malaysia, as I believed that it is a part of our life.

There are many benefits of online banking. Let me share with you here some of the benefits:-

1) Save your time and money

If you want to pay your household and utilities bill such as phone bill, electricity bill, water bill, Astro bill, Indah Water bill and etc, you don’t have to spend your time and petrol for going to those bank or said location and waiting for your number to be called to settle your bills. With online banking you can pay most of the bills at your own comfort at home. You no need to rush to different places just to settle your bills. At the same online banking can save cost of petrol and parking ticket.

2) Easier and convenient

With online banking you can perform your banking transaction almost anytime (except from 12 a.m. to 6 a.m.), even on weekend and public holiday. Also you can perform checking on your account transactions for example your salary has been banked-in, your cheque is cleared or if you received payment from your customers whenever you wish without go to the ATM machine or bank.

3) Manage and monitor your finances

Online banking also provide the facilities where you can link all your financial products such as current or saving accounts, fixed deposit account and credit cards under the same account name. You can easy monitor your financial transactions such as credit cards balance outstanding and limit through online. Hence, you can spend with smartly.

Then, let’s move on the disadvantages of online banking. First ‘phishing’ scam and fraudulent or hoax e-mails by identity theft. Internet crime misleads users to similar online banking website, whereby users being instructed to log-in to online banking and perform unauthorized transactions.
As such to prevent this crime, online banking site always take precaution by advising customer to clear the internet cache after each internet transaction. In addition we as user must also connect to the online banking through secured connection. We must always remember that bank do not send emails and requesting for personal information through internet. Don’t ever reveal our sensitive information such as password to anyone.

Here some of example of online banking portal for the bank in Malaysia:

1) Maybank