Activity 13

investigate online banking.
The purpose of online banking is to allow customers to conduct financial transactions on a secure website operated by their retail or virtual bank, credit union or building society.
The target audience to online banking is mostly adults who have bills to pay and if they want to do it more easily and faster they can use the electronic way of online banking. It is also for people who cant get out of their homes for example old people.

The advantages of online banking are:
You can check your balance whenever you need to, even if the bank is closed.
Not only that, but you can pay your bills online as well, which saves both time and money on postage. You can buy financial products and apply for loans online, and in doing so, you can compare your options to ensure that you get the best possible services. You can even buy insurance online through Internet banking services. Stocks and bonds and other investments can be managed with online banking from your home or office independent of a financial intermediary like a stockbroker.
I don’t think that online banking can be improved because it is ok the way it is as it is easy and fast to use and there are so many advantages as well. Overall I don’t think any improvements could be made.

the disadvantages are:
Online banking sites can also take a while to start up and can be difficult to learn at first
Some banks require customers to provide some form of photo identification in addition to signing a form at one of their branches.
The main issue for most people is that of trust. They may wonder if their transaction went through successfully or if they clicked on the correct button