What is good and the bad in Internet banking?

Using this service for almost 2 years, managed to lay down on it fairly clear idea and a very concrete view. And, check out how it works does not have one, and at several banks. And I must say that apart from the mass of the advantages of online banking has a fair number of annoying shortcomings. The most important positive quality of Internet banking - is, of course, the ability to keep a finger on the "pulse" of their accounts and savings from anywhere in the world. The main condition - have your computer, laptop, PDA and Internet access. You can use them to manage money as you want: make various payments, transfer money to relatives, friends and even buy foreign currency or precious metals. The second major plus online banking services - an opportunity to reduce the number of accounts "in a heap, and to optimize the family budget. For example, some funds left on the card, a part of - the current account and transferred to another part of the deposit, on a regular basis (eg once or twice a month) replenishing it. In this case, no need to run to the bank, stand in long lines to swear at the cashiers, spending it all a lot of time and nerves. On all these procedures in Internet banking system will take 10-15 minutes maximum. I like the security of transactions. Payments through the normal bank cards over the Internet to such security will grow and grow. Domestic banks generally use 3 types of protection: using the digital signature (similar to a handwritten signature on paper, which is encrypted numeric code and can not be tampered with), one-time passwords (for they usually require a special generator) and SMS confirmations, which are close on the principle of identity to one-time passwords. And if you treat your personal data to access Internet banking, not allowing them to other people's parties, the risk of fraud has been virtually reduced to zero. There is also a "plus" for online banking can be attributed to evolve gradually, as increasing not only the number of banks providing this service, but it is expanding its capabilities. The latest trends - it is an opportunity to make an order for the opening deposit, loan accounts or payment cards via online banking. Again, saving time and effort. Well, of course, price. Moreover, many banks connect to the service for free, and transaction costs "ridiculous" - within 1-5 grn. for payment, while during the operation at the box office will request the bank to 5-20 hrn. and sometimes - and a considerable percentage of the amount of payment in the region of 2-3%. It would seem that internet banking great and handy thing, but without a spoon, or rather, a few spoonfuls of tar can not do. First, full-featured service provides a little more than a dozen banks. That is, we have in mind when Internet banking allows you to not only see the account status and its dynamics (this can be done at an ATM and a mobile phone), and carry a full range of payments, a key feature of online banking. Secondly, the cost of services is minimal, but not always. For example, some banks charge a regular monthly fee, which in the year may reach USD 100-500. And this is clearly disadvantageous. Especially for those users who do not use Internet banking is active. Third, some service functions often require a good, advanced computer knowledge. For example, the release of DS, even for experienced users is a difficult process. Fourth, for Internet banking services are also there such a thing as the trading day. Therefore, it is theoretically possible to make a payment, and 3 in the morning, but in fact it will be held only during the banking day. Well, in the fifth, online banking is still no substitute for many services "in the real world." This applies to both clearance of deposits and loans (virtually you can only send a request, but will have to sign a contract in the office) and obtain documentary evidence of transactions. By the way, foreign banks in terms of online services is far ahead. Having access to your account via the Internet, a client may conduct any operation: from the payment to another point on the planet and to order tickets or hotel reservation. In this regard, domestic banks have so far behind, and most likely will keep still long enough, since the population there is no demand for many non-standard services, this time (most are used to paying in cash, and the point!). And the legislation does not allow to bring the Ukrainian banking services to European counterparts. For example, to resolve the corny opening an account remotely, without the presence of the client. Therefore, all this makes an interesting Internet banking, but so far less than ideal service. Source: Finance uncut