What is one major advantage of online banking?

One major advantage of online banking is the ability to access accounts 24/7. This means that customers can manage their finances, check balances, transfer funds, pay bills, and perform other banking activities at any time that is convenient for them, without being limited by the hours of a physical branch. This flexibility is particularly valuable for individuals who have busy schedules or who may not live near traditional bank branches. The ease of access can significantly enhance financial management, allowing users to respond quickly to their banking needs and stay on top of their finances without the constraints of traditional banking hours.

In contrast, in-person customer service is typically a feature of traditional banks rather than online banking. Higher fees compared to traditional banks would generally be a detriment rather than an advantage, as one of the touted benefits of online banking often includes lower fees due to reduced overhead costs. Lastly, limited transaction options are typically associated with traditional banking setups and do not reflect the range of services that online banking platforms usually provide.