Fainl Exam Practice

Online Banking

As we know there is a big change in the world; in the past and now. In the past if you wanted to buy something you had to go by yourself to buy it. And sometimes you had to travel between two countries; this will take time and cost more money. But at this time you don’t have to go out from your house to buy anything, you just have to buy online, and everything will be with you soon. For this reason many people use online banking. However, there are other people who said we don’t like to use it, because it is risky.

I became interested in using the online banking; for this reason, I will write about it. There are good things about online banking. For example, it is a timesaver, it has good prices and you have bank account security.

First, time has become important for everyone. In the past people didn’t care about the time too much, but at the moment time is important. For this reason millions of people have started using online banking to save time. For example, if you want to buy plane ticket you don’t want leave your house. Also, if you want to buy something from other countries you can buy it online without wasting your time. And this is not the only good thing; also you can find good deals, because on the Internet you can find different websites. Those websites have different deals and the Internet I think is a big mall in the world. Online banking is a website, but it is a central shopping mall and you can save time and you can find different deals. (Robertson, 2006). Therefore, shopping online lets you save money and time.

Second, everyone likes to buy a good quality with a cheap price. As we know there is a big crisis in finance all over the world; for this reason many people try to find a good price for everything they want to buy. Almost everyone in the world uses online banking because is cheap and saves for your bank account. Moreover, the people started using the online banking because they can get products from China, Singapore, and Korea with a good price and sometimes no taxation. Also, if you use the good website no one can steal your bank account. For example, there is a good website such as eBay. “Online shopping has become a convenient alternative to the traditional brick and mortar store. It has provided a method of easily finding what you’re looking for or the best price without ever leaving your home, yet still some consumers still shy away because they believe it’s too risky” (Ball,2008, para.1). In conclusion, that means the online banking is a good place to make shopping.

However, there are different opinions in this situation. For example, there are some people who said shopping online is risky for our bank account. But in my opinion online is the safe place to use your credit card, because there are high safely programs for those websites. Even the credit card companies have a lot of security information. According to Ball,G. in has article said “In fact online shopping is quite safe, as long as you follow precautions. According to the director of the FTC’s Bureau of Consumer Protection, the majority of identity theft occurred off-line with criminals intercepting mail or skimming data from carelessly discarded credit card receipts” (Ball,2008,para.2). And this is big evidence that online banking is good.

Finally, almost everyone uses the online banking. For many reasons the people from all over the world use online banking. For example, in the online banking you can find a good price and this is an important thing, you can save time because you don’t need to go out your home, and also is safely to your bank account. Let’s use the online banking.

Reference:

Chris.R(2008, Jun 03). Stay safe while shopping online. Majon International. Retrieved May 5,2008 from http://www.majon.com/articales/ shopping _ _General/shoppingonline_126.hrml



George.B(2008, April 15).Is using a credit-card for online purchases safe? Education Redefinded. Retrieved May 5,2008 from http://www.bsu.edu/security/article/0,1384,86674-5031-17009,00.hyml