ICT

Banking is a method used by many in the world to keep account of their money and what is and/or isn't being taken in and/or out of your account.

The effects of ICT BANKING on society PLUSS and MINUSSES

Banking has a huge affect on society, we are all able to save huge amounts of money in one place without the worry of losing any (except if a recession falls upon us). Banking also allows us to make money just by hanign money in a bank; it can also help with storin money; if you are very unorganised with money your bank can help you finance your money right (in a way that benefits both yourself and the bank).

ICT assistence in banking

ICT has assisted us to make Banking much easier by allowing us to find our bank statements online and transfer money from account to account, at the click of a mouse. Banks can also use the following ICT made programs:

The benefits of ICT in banking are…
· Easy access to money 24/7
· Banks can handle more customers
· Less staff employed by banks.
· Can pay by credit/ debit card so no need to carry money around
· Chip and pin. Makes your money more secure and convenient






The drawback of ICT in banking are…
· Bank fraud may occur.
· Not enough staff at the bank to deal with your needs.
· Automated teller machines can be damaged and used as a source of fraud.