June 13, 2024

Moon Desk: Financial regulators of Bangladesh should enact regulations that help citizens of Bangladesh to manage their finances safely and easily.

Internet banking, also known as online banking, e-banking or virtual banking, is an electronic payment system that enables customers of a bank or other financial institution to conduct a range of financial transactions through the financial institution’s website.

It ultimately provides you security from online frauds and account hacking. Even if it is the last day of your bill payment and you are minutes away from being levied a penalty, you can rely on online banking. Online transactions can be performed anytime of the day from the convenience of your home.

Banking online means accessing your bank account and carrying out financial transactions through the internet on your smartphone, tablet or computer. It’s quick, usually free and allows you to do tasks, such as paying bills and transferring money, without having to visit or call your bank.

Internet banking is one way a person can easily manage this. It also helps small time businesses while allowing them to transfer of funds across Bangladesh. Internet banking allows the bank customers easy access to their accounts, reduces the flow of customers coming to crowded banks, while improving efficiency and customer satisfaction. Internet banking also has very low costs.

I think Internet banking should be a completely free service, accessible to everyone. Similarly, money transfers and bill payments should also be free for every account holder.

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