Electronic & Telebanking

1. electronic/Tele Banking 1.1. Overview of electronic/Tele Banking From a general perspective electronic/Tele brinking means the ability to have 24-hour inlet to the rely both(prenominal) by means of with(predicate) web based work, mobile services much(prenominal) as SMS banking or simply be able to achieve through an automated teller machine ( cash machine). Electronic/Tele banking, also subsist as Electronic Fund Transfer or Electronic Financial Telecommunication, dos computer and electronic technology as a substitute for checks and other paper legal proceeding and atomic number 18 initiated through devices like cards or codes that allow you access the banks services. more financial institutions use plastic cards (ATM cards, calculate cards, creed cards or smart cards) and Personal assignment numbers game (PINs) for this purpose while phones make use of codes and PINs for transactions. Examples of Electronic Banking Services          automatize Teller Machines or 24-hour Tellers atomic number 18 electronic terminals that let you bank almost any time to withdraw cash, make deposits, or transfer funds betwixt historys. Today it is common to run across banks providing ATM services to other bank clients by charging a premium from the customer for such transactions.         Direct Debits lets you authorize particularized direct withdrawals so that recurring bills, such as insurance policy premiums, mortgages, and utility program bills, are paid automatically.         Personal Computer Banking also cognize as home banking lets you handle many banking transactions via your personal computer. For instance, you may use your computer to view your account balance, orison transfers between accounts, and hold bills electronically.         Point-of-Sale Transfers (POS Terminal Transfers) let you pay for purchases with a Debit Card, which also may be your ATM card. The process is simil ar to using a address card, with some impo! rtant exceptions. While the process is fast and easy, a calculate card purchase transfers money - fairly readily - from your bank account to the stores account. So its important... If you want to get a integral essay, order it on our website: BestEssayCheap.com

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