The difference between traditional banking and online banking

1, the user operation channel is different.

Internet banking: banks set up a virtual counter in the Internet, banks use network technology, through the Internet to provide customers with account opening, account cancellation, inquiries, reconciliation, intra-bank transfers, inter-bank transfers, credit, online securities, investment and wealth management and other traditional services.

Traditional banks: there are specific locations and buildings, customers need to go to the counter in person to carry out the required operations.

2. Time constraints.

Internet banking: Customers can go online anytime and anywhere to perform the required operations.

Traditional banking: the user must operate during the corresponding working hours of the bank's business office.

3. Personalization.

Internet banking: to meet the needs of customers to consult, purchase and trade a variety of financial products, customers in addition to banking services, but also can easily buy and sell stocks, bonds, etc., online banking can provide customers with more appropriate personalized financial services.

Traditional banks: general business outlets are difficult to provide customers with detailed, low-cost information and consulting services.

4, convenient and safe.

Internet banking: the full realization of paperless, customer operation is safe and convenient.

Traditional banking: need to carry cash, there are insecurity factors.

Expanded Information:

p>The advantages of online banking compared with traditional banks:

1, greatly reducing the bank's operating costs, and effectively improve the bank's profitability. Open network I two banking business, the main use of public **** network resources. There is no need to set up physical branches or business outlets, reducing the number of personnel praise, improve the efficiency of the bank's back-office system.

2, no time and space constraints, in favor of expanding the customer base. Internet banking business breaks the traditional banking business of geographical and time constraints, with 3A characteristics, that is, at any time (Anytime), any place (Anywhere), in any way (Anyhow) to provide financial services for customers.

This is conducive to attracting and retaining high-quality customers, as well as proactively expanding the customer base and opening up new sources of profit.

3, conducive to service innovation, to provide customers with a variety of personalized services.

Reference:

Baidu Encyclopedia - Online Banking p>Baidu Encyclopedia - Online Banking

Baidu Encyclopedia - Banking