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Online Banking In Bangladesh Essay

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Below is an essay on "Online Banking In Bangladesh" from Anti Essays, your source for research papers, essays, and term paper examples.

Bangladesh is a developing country. By the change of time the lifestyle of the Bangladeshi people has been changed. Now in 21st century we the people of Bangladesh are introduced to online banking. Online banking means a service that allows an account holder to obtain account information and manage certain banking transactions through a personal computer via the financial institution's web site on the Internet. This is also known as Internet or electronic banking. It is a convenient and secure way of making many transactions, such as transfers and bill payments. In Bangladesh very few private banks like Eastern Bank, Dutch Bangla Bank, The City Bank are offering the online banking facilities. It gives them an extra advantage to their banking system. Though it needs lots of investment to create online banking network, it gains more benefits afterwards. But the problem with the online banking is, in Bangladesh we do not have such updated internet facilities like the western countries. And in most of the rural areas there are no computers and internet connection. So it is really hard to target all the people under the online banking system. Main cities like Dhaka, Chittagong, Khulna and Sylhet are now under this system. Day by day, internet users are growing. So online banking has a very good feature if it is handled and organized well. There is also an internal problem, regarding the operation of online banking. The employee (specially the senior level) that is behind the traditional offline banking is not used to operate computers. They are more familiar with traditional banking system. So if we want to get befitted by online banking system we need to adopt the latest technological systems. Thus the employees, the actual users and also the bank will be benefitted. People can purchase their desired product and pay the bills in less amount of time by online banking system. Also they can withdraw and deposit their money anytime without going to the bank. Now in this...

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Online Banking In Bangladesh. Anti Essays. Retrieved December 15, 2018, from the World Wide Web: http://cassandralynndesignllc.com/free-essays/Online-Banking-Bangladesh-27576.html