Traditional Banking vs. Online Banks: Which is More Convenient?
#1 Traditional Banking: Pros: #1 Physical Presence: In-Person Assistance: The need to physically interact with the customers especially in complicated transactions and advice giving. Security: A few of the customers prefer a face-to-face approach when dealing with their financial issues. #2 Comprehensive Services: Broad Range: Services include; security boxes, cashier checks, notary services, and wealth planning. Loan Services: Better to negotiate and talk about the loan in person. #3 ATM Network: Wide Access: Wide availability of ATMs to withdraw, deposit and perform any other transaction without additional charges. Immediate Cash: It helps in getting cash immediately without having to wait for the transfers. Cons: #1 Limited Hours: Business Hours: The physical branches have set working hours and this complicates the working schedule of the customers. Weekend Closures: Most branches operate during weekdays; they are usually shut down during the weekends and public holi