In the past years, transferring money from one bank account to another meant that one had to pay a visit to the bank, stand in a long queue and submit a cheque. In case of any mistakes on the cheque the money would fail to transfer and one would have to pay another visit to their bank office. The fact that it is time consuming is a drawback. But with the advent of computer technology, banks have upgraded and making transactions have now become faster and simpler.
With the introduction of computers and the internet, banks came up with a new way of making transfers and money transactions- Internet banking.
Internet banking involved online money transfer, which made banking extremely easy for those who had laptops and computer systems at their office and homes. But individuals who did not have access to computer systems had to still transfer money the traditional way.
Today, technology has become more advanced and internet banking cannot only be done through computer systems and laptops, but also through smart phones/tabs etc. As a result online money transfer and other online facilities have become the smart way of banking.
In fact, online money transfer is not only hassle free but also one of the quickest ways to send money to another person’s bank account. While, the traditional method of money transfer is a very slow process, online money transfer can be done in a matter of a few minutes, and the money is transacted into the recipient’s account in an extremely short period of time, generally within 24 hours or even lesser.
With online money transfer one can not only send money to recipients within the country, but can also transfer money to their family and friends living in other countries. While one does have to incur a small transfer fee, online money transfer proves to be much faster and efficient as compared to wire transfer.
In fact, a number of different online money transfer and payment services have come up in the past few years. These services are generally available in mobile apps, which one can register and use. Some these online money transfer services include PayPal, Paytm, Google wallet etc.
Therefore, in this time and day one should learn how to work with internet banking and various other phone apps that allow one to make transactions online. The world has become more and more competitive and everyone is living a fast paced life. Online money transfer makes life simpler and hassle free, especially when it comes to banking.
With the introduction of computers and the internet, banks came up with a new way of making transfers and money transactions- Internet banking.
Internet banking involved online money transfer, which made banking extremely easy for those who had laptops and computer systems at their office and homes. But individuals who did not have access to computer systems had to still transfer money the traditional way.
Today, technology has become more advanced and internet banking cannot only be done through computer systems and laptops, but also through smart phones/tabs etc. As a result online money transfer and other online facilities have become the smart way of banking.
In fact, online money transfer is not only hassle free but also one of the quickest ways to send money to another person’s bank account. While, the traditional method of money transfer is a very slow process, online money transfer can be done in a matter of a few minutes, and the money is transacted into the recipient’s account in an extremely short period of time, generally within 24 hours or even lesser.
With online money transfer one can not only send money to recipients within the country, but can also transfer money to their family and friends living in other countries. While one does have to incur a small transfer fee, online money transfer proves to be much faster and efficient as compared to wire transfer.
In fact, a number of different online money transfer and payment services have come up in the past few years. These services are generally available in mobile apps, which one can register and use. Some these online money transfer services include PayPal, Paytm, Google wallet etc.
Therefore, in this time and day one should learn how to work with internet banking and various other phone apps that allow one to make transactions online. The world has become more and more competitive and everyone is living a fast paced life. Online money transfer makes life simpler and hassle free, especially when it comes to banking.
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