There are many people who don’t know what is banking online and they keep asking this question. After reading this article never in your life you will have to ask this question to anyone so please continue reading this article.
First of all let me tell you what is banking. Banking is nothing but management of wealth. There are many private as well as government banks throughout the globe. Banks offer various services which helps you to save your money and they also give you interest on your savings which allows you to get more money on your savings after certain interval. There are many other banking products which are available for the customers.
Now let us see what is banking online all about. Online banking is nothing but doing banking by using PC and internet. With online banking you can do all kinds of banking activities over the internet and it is very fast as well as secure provided you don’t share your login information with anyone.
Online banking is also known as internet banking and some people also call it as e-banking where alphabet ‘e’ stands for electronic. Generally these days in most banks when you open a bank account you also get your online login information but there are banks where one has to make formal request to activate an online banking account.
Online banking can be done from anywhere in the world and you can transfer any amount at anytime because online banking is available 24x7. One can transfer money to any bank or to any electronic money transfer account like PAYPAL through an online bank account. Online bank account is very flexible hence it is widely used throughout the globe.
Online banking is certainly not 100% secure but with certain precaution one can securely do online banking. Worldwide there are many hackers who constantly try to hack online bank accounts and they have been successful in cracking many online accounts.
Hackers these days crack online accounts by using phishing technique. Mostly new online banking users get trapped in to such hacking gimmicks because they don’t have much knowledge about it. These days almost all banks make their customers aware with all hacking tantrums which might lead to cracking of their online account hence day-by-day the rate of online account hacking has come down.
There are hackers who are very expert in internet technology. Hackers use Trojans to get all the details from your hard disk. It is essential for an online banking user to have a very good anti-virus to protect the PC because hackers unleash many viruses which transmits’ back all information from the hard disk and it could lead to cracking of an online bank account. After reading this article I hope you will never ask anyone what is banking online, how it is done and which are the security issues related with online banking.
Tips and comments:
Online banking is here to stay and can be done securely if precautions are taken. Online banking is fast and furious that’s why it is used and it will become the most preferred source of banking in next few years. With growing technological advancement online banking will become more secure and fool-proof.
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