Describe the difference between online banking and traditional banking

1. The business location of online banking is different from that of traditional banks.

The business location of online banking is a virtual network, and users can log in to the bank through the network.

The business location of a traditional bank is in reality, with a fixed location, and users can go to the local bank to conduct business.

2. The business hours of online banking are different from those of traditional banks.

There is no time limit on the business hours of online banking, and bank users can choose to log in to online banking at their leisure time, instead of logging in to the bank at a specific time to perform related services.

The business hours of traditional banks are fixed, generally from 8 a.m. to 11:30 p.m., from 2 p.m. to 5 p.m., and different banks will have different working hours.

3. The services enjoyed by online banking users are the same as those of traditional banks.

There is no difference between online banking and traditional banking users because they are in online banking or traditional banking, these two are just two different manifestations of a bank, and there is basically no difference in the services that users can enjoy.

The difference between online banking and traditional banking is that online banking is open 24 hours a day, and traditional banks are open 8 hours.

1) The degree of dependence on information network technology is different.

2) Whether it is limited by time and space.

3) Banks"Intangible"with"tangibility"

4) The basis for determining the core competitiveness of enterprises is different.

5) Difference in profit**.

6) Change of business philosophy.

7) Changes in the form of money.

The difference is: online banking can send money to customers online, without having to go to the bank to handle it!

The differences between online banking and traditional banking are as follows:

1. The classification of the two is different, and the online banking is divided into personal online banking and corporate online banking. Personal online banking is mainly suitable for daily consumption payment and transfer of individuals and families, and corporate online banking is mainly aimed at enterprises and enterprises and institutions such as enterprises and departments; Traditional banks are divided into ** banks, regulators, self-regulatory organizations, and banking financial institutions;

2. The functions of the two are different, online banking is a product of the information age, and the opening of the online banking service system will greatly improve the work efficiency of the bank and customers, so that the capital can create benefits, thereby reducing the cost of production and operation; Traditional banks facilitate the financing and financing of social funds, and are a very important member of financial institutions. On the one hand, by absorbing deposits, the idle monetary funds and small monetary surpluses in the society are pooled, and then lent them to those who need to replenish the currency in the form of loans.

3. The business scope of the two is different, and the business scope of online banking includes basic online banking business, online investment, online shopping, personal financial assistant, corporate banking, and other financial services; The business scope of traditional banks includes taking deposits from the public and issuing loans; Handling domestic and foreign settlements, bill discounting, issuance of financial bonds, etc.

The characteristics of online banking are that customers can access online banking all over the world through the Internet to process transactions as long as they have a password, and the advantages of online banking are reflected in the following points compared with traditional banking business:

1. Reduce the bank's operating costs, effectively improve the bank's profitability, and mainly use public network resources There is no need to set up physical branches or business outlets, which reduces personnel costs and improves the efficiency of the bank's back-office system;

2. There is no time and space limitation, which is conducive to expanding the customer base; Online banking breaks the geographical and time constraints of traditional banking business, which is not only conducive to attracting and retaining high-quality customers, but also actively expanding the customer base and opening up new profits**;

3. It is conducive to service innovation, providing customers with a variety of personalized services, and using the Internet and bank payment systems to easily meet the needs of customers for consulting, purchasing and trading a variety of financial products.

1. Operation mode: Traditional banks adopt the operation mode of deposit, loan and intermediary business. Online banking does not have a physical business point and does not require property security, but through internet technology.

2. Different types of transactions: Traditional banks use bills and receipts, while internet banking uses e-checks, money orders, and receipts.

3. Different ways to open an account: Traditional banks require customers to sign an agreement in person at the counter when opening an account in a bank, which not only ensures the authenticity of customer information, but also makes it safer. Due to the lack of policy support and offline physical outlets, online banks are unable to remotely open transaction settlement accounts required by the CBRC.

1. Operation mode: Traditional banks adopt the operation mode of deposit + loan + intermediary business. Online banking does not have a physical place of business and does not require a property guarantee, but through Internet technology.

2. Different transaction methods: traditional banks use bills and documents, but Internet banks use electronic checks, electronic drafts and electronic receipts.

3. Different account opening: traditional banks require customers to sign an agreement in person through the counter when opening an account in the bank, which can not only ensure the authenticity of customer information, but also be more secure. Due to the lack of policy support and the lack of offline physical premises, online banking is unable to remotely open transaction settlement accounts required by the CBRC.

It has the following advantages: (1) It greatly improves the operating efficiency of the banking industry. The Internet is a technology that covers the whole world, and it transmits information at an astonishing speed, connecting all corners of the globe.

The improvement of the operational efficiency of the banking industry is mainly reflected in the improvement of the transaction efficiency of financial institutions. As long as we have a password, we can process personal transactions around the world. (2) Greatly reduce the operating costs of the banking industry.

Because online banking greatly saves on rent, employees, etc., online banking can provide higher deposit interest rates, lower loan interest rates, and cheaper settlement fees. The establishment of an online bank can deal with tens of thousands of user inquiries and transactions every day without reducing the quality of service, and at the same time greatly reducing transaction costs.