Why To Keep Banking Online

The number of banking online users has grown in the past, and the numbers are impressive. 70 % of the retail clients of the banks are using it. As for the companies, the number is even greater: 90 % from the corporate clients of the banks are using the banking online facilities. The number of transactions is also growing, as people discover that they could pay their bills, rates, and even vacations using this convenient service. It is a great method designed for people that really know their way around the internet but also for the advanced users of banking services.  

 Reduced commissions

All the operations made with the help of the banking online solution are at least 30 % cheaper. However, for transactions made between different clients of the same bank, the costs could be reduced even more. The banks are also running constant promotions for some categories of people. For example, some banks have Seniors and Students packages including an internet banking solution with 50 %reduced prices. The common tendency is to move the operations made at the offices of the bank to the online platforms. The advantages are enormous for both the bank and the clients. The bank can reduce the costs with personnel, while the client can operate transactions from his home computer. It is a great method designed for people that really know their way around the internet but also for the advanced users of banking services.  

Other banking online benefits

The companies are even happier about the system. Some of those companies need to operate hundreds of transactions a day. The internet banking platform allows you to set automatic payments, and this is surely a great facility for paying the employees. In the next years, more than 90 % of the total number of banking operations will be conducted online by the clients. This is great for every part involved, from the banks that can cut the personnel costs to the client that saves precious time and money.

The individuals can have reduced commissions for paying the bills online. The banks might also offer greater interests for the deposits constituted online, and the commissions for other operations such as payment orders or promissory notes might be reduced to zero. Moreover, the transactions between different accounts of the same bank are zero. it is an important matter, especialy for people that are concerned about the money they spend to the banks and about the commissions applide by the respective banking instruments. 

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