The main purpose that banks have served since their inception is keeping our money safe for us. While our money safe, they also let us earn a certain amount of interest paid on the money with them. Traditional banks are doing this, and internet banks remain the same function. The only difference is to be made in the way in which the transactions.
Online banking is already quite a few years. In fact, was introduced in the 1980s and has come a long way since then. The last decade has an abundant growth of Internet banking seen. Several pieces of legislation have also been introduced in this area.
Though it began in the 1980s, it was not until the mid-nineties that Internet banking is really excited. What attracts customers to internet banking round the clock availability and ease of transactions. Studies estimate that online banking has to go a long way. There are several banks that banking customers who prefer to have in traditional ways. Statistics released by the FDIC found that only 40% of banks in the United States offer Internet banking worth mentioning. All others can have an online presence, but do not have enough online transactions in order to justify their presence on the Internet.
Some customers have been known to turn to internet banking as a result of dissatisfaction with standard procedures and practices. The total absence of human interaction appeals to some people. Some customers turn to internet banking facilities for safety reasons. This is mainly because of the customers are assured of the ability of banks to keep transactions safe and secure.
Most online transactions are made using the Internet Explorer interface. The Internet Explorer is already more than ten years.