Give two functions of e-banking.

Explanation

Any two : -

1 .)Pay a bill.


Electronic bill payment service allows a depositor to transfer money from his or her online account to a creditor or merchant, for example to a public utility or a outlet. There is no need to stand in a long queue on a weekend morning to handle your transactions!


The payment is practically instant, though some financial institutions can wait until the next business day to send out the payment. If it is necessary, the bank can publish and mail a paper cheque or banker’s draft to a creditor who is not set up to receive electronic payments.



2.) Schedule payments in advance.

...