With A Number of Advantages The Online Banking Has Some Disadvantages Also Which Are Listed Below -
• Setting Up An Account May Take Time : in order to register for your banks online program you will probably have to provide ID and sign of form at a bank branch this whole producer may take a lot of time.
• Legal Issues : if you and your spouse wish to blue and manage your assets together online one of you may have to sign a durable power of attorney before the bank bill display all of your holdings together.
• Learning Difficulties : banking sites can be difficult to negative at first the person who does not have the knowledge of the computer and internet has to face many difficulties.
• Site Changes And Upgrades : every Bank periodically upgrade they are online programs in someone cases you may have to re enter account information and face difficulty.
• Customer Service : there is no personal contact with any of the staff and if dark to any staff through the telephone you have guarantee you are talking to the best person available.
• Internet Account : you need to get an account with an internet service provider (ISP) which may be another hectic experience.
• Security Concern : even though online banking sites are heavily encrypted but still the hackers can hack your account and misuse it.
• Money Usage : you can't spend your money from the online bank account as you wish in the end you will need to go to an ATM to withdraw b money for usage.
• Technical Breakdown : online banking website sometimes go down if this happen when you doesed your local Bank aur credit card account you build definitely face problem at that time.
Note - Protect Yourself Online
It is important to be careful when banking online if you do not want your safety or privacy to be breached then it is important to clear your cookies after each banking session if you are at a public computer additionally you need to make sure that your password is long enough to prevent it from easily being hacked never give your online account information to someone who is not an authorised signer on your account.