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Why choose life insurance?
Currently, everything is done electronically. In the field of telecommunications, we are talking about e-mails, in the field of distribution, we are talking about the e-commerce system. Much more recently, payments have been deconcentrated via the online mode. And now, the whole bank does it.
Now you can open an account, make a loan and access various banking services from your computer. Banks have adapted to the reality of trade in services. But in truth, is it really to our advantage to use online banking? To learn more , come here.
The arguments for online banking
First of all , the costs related to financial services available on the internet are lower compared to its traditional banking counterpart . Whether it’s account fees, opening or card prices, the amount is about half of what you pay in your traditional bank . Similarly, credit charges, including interest rates, are very attractive . Interest income in a savings account or debtor in a loan between 1.5 to 3 times more interesting . We still notice a redundant condition: the account must not remain inert for a period exceeding three months or the costs will be raised. Many offers are even at 0 euros , a windfall driven by reductions due to the lack of agencies.
As for reliability, you do not have to worry about it either. Online banks are not likely to disappear in the screen society way, just to scam your money. In France, all companies providing financial services electronically are subsidiaries of major groups already operating in the market . Online banks can, therefore, inherit all the trust you have given your former banker . Traditional societies have just adapted to the needs of the market.
Arguments against online banking
There is, however, a slight weakness in this system . The first is that it is not made for all people lambda . Banks also need guarantees against crooks, counterfeiters and those who use them, and so on. That’s why they have introduced a minimum revenue system for each type of underwriting. For example, to qualify for a Gold type card, you must earn no less than 1200 euros each month. So the practical side of this system depends on your ability to afford it.
The second disadvantage is that they do not provide exactly the same service offerings as the good old concrete bank. Credits, in particular, are limited . There are amounts, types of loans that always require your travel and that you deal with an agent. This can be understood since we are talking about prudential measures , specific to all financial services. For a home loan or from a certain amount or for a non-common use, you must always go to the parent company.
Finally, logical question, with an online bank, you can not directly make your cash payments . You must send the species by post, money order or parcel for the bill of exchange. So, the practicality of this system knows a flaw at this point too.
To conclude, I would say that online banks are definitely the banks of tomorrow . At the pace of the current dematerialization, it is almost safe. Nevertheless, its current version still shows a lot of imperfections . It is convenient, but still needs to be supplemented by the old version . Finally, all that depends on the use you make of it.