Answer:
<u>Pros and Cons of Online Banking</u>
<u>Advantages</u>
It is fast and efficient. Funds get transferred from one account to the other very fast. You can also manage several accounts easily through internet banking.
<u>Disadvantages</u>
Your banking information may be spread out on several devices, making it more at risk.
<u>Pros of online banks:</u>
Earn more interest on your savings
Potential for lower fees or no fees
Convenience of online banking
<u>Cons of online banks:</u>
Potential for higher ATM fees
Not ideal for those who don’t use the internet
Online transactions can take time to process
<u>Motor Banking</u>
A brick-and-mortar bank also can be a good place to get help for other aspects of your finances. ... If you're paying a lot of money in credit card interest to various other banks, your bank branch employees might be able to offer you a debt consolidation loan to help you save money.
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<u>Pros of brick-and-mortar banks:</u>
You can stop by in person to ask questions
Convenience and a personal experience
You may have access to a broad ATM network
<u>Cons of brick-and-mortar banks:</u>
Fees and interest rates may not be competitive
Most big banks pay almost nothing on their savings accounts