Online banking apply computer technology for us to avoid time-consuming, paper-based features of usual banks to take care of finances more quickly and efficiently.

Banks consider online banking is prevailing tool to attract and maintain new consumers, and reducing costly paper handling and teller communications in an ever more competitive banking environment.

That's correct! Online banking has become a popular tool for banks to attract and retain customers by providing a faster and more efficient way to manage finances. By leveraging computer technology, online banking eliminates the need for time-consuming paper-based processes and reduces the costs associated with handling physical documents and in-person teller interactions. This makes banking more convenient for customers and allows banks to operate in a more competitive and cost-effective manner.