Advantages and disadvantages of online banking
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Advantages
- Online bank is never closed, is available 24 hours a day
- You may log in to your account from any place
- Transaction made via online bank is very fast
- Many online banking provides sophisticated tools like stock quotes, rate alerts, account aggregation
Disadvantages
- Start-up may take a time
- Account navigation is difficult at first
- For many people the biggest disadvantage is learning to trust it
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