Final answer:
Online banking offers convenience, cost savings, and security benefits to customers.
Explanation:
Three advantages of banking online:
- Convenience: Online banking allows customers to access their accounts, transfer funds, pay bills, and monitor transactions anytime, anywhere, without visiting a physical bank branch.
- Cost Savings: Banks find online banking more cost-effective than traditional in-bank methods, leading to reduced fees for customers and lower operational costs for financial institutions.
- Security: Online banking provides enhanced security measures such as encryption, secure login processes, and fraud monitoring to protect customer information and transactions.
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