Which of the following statements is an advantage of online banking?

Responses

Once you set up online banking, your bank will waive overdraft, ATM, and monthly fees
Once you set up online banking, your bank will waive overdraft, ATM, and monthly fees

Using online banking allows you to earn a higher interest rate
Using online banking allows you to earn a higher interest rate

Using online banking, you can request transfers, pay bills and automate your savings without visiting the bank branch
Using online banking, you can request transfers, pay bills and automate your savings without visiting the bank branch

You can only shop online if your bank account has online banking features

1 answer

The correct statement that highlights an advantage of online banking is:

Using online banking, you can request transfers, pay bills and automate your savings without visiting the bank branch.

This reflects the convenience and accessibility that online banking provides to users, allowing them to manage their finances efficiently from anywhere.