How technology has changed banking over the years

E-banking, online banking, net banking, etc. have completely changed the way banking is done today.

 

Many years back traditional banking was done but with the passing year's technology has evolved and new methods and techniques are being adopted. I think this technology has made things easier. Few years back whenever we had to transfer money in someone's account we have to go to the bank. But now, online transfers are the best thing done. So online baking has made life easier. You don’t have to put more effort while making transactions. Keeping a database in software has also made easy for the banking sector. There are fewer errors and more data protection. You don’t need to keep cash in your pockets. You just have to download a baking app from where you can transfer money. From that banking app, you can check your account balance, transfer your money to another account, recharge your phone, make payment for online shopping, etc. this has a life so easier that old age people are getting adapted to this technology and they are also able to use this new banking technology. Through ATM machines you can withdraw your amount whenever you want. You don’t have to go to that particular bank where your account exists. There is 24 hours of access to online banking. You can use it anytime whenever you want.