Which of the following is NOT an advantage of online banking?

Long wait times for transactions are indeed not an advantage of online banking. In fact, one of the primary benefits of online banking is its ability to facilitate quicker transaction processing compared to traditional banking methods, which often involve in-person visits or manual processing. Online banking allows users to conduct transactions, check balances, and transfer funds almost instantaneously, providing a significant time-saving advantage.

On the contrary, convenience, 24/7 access, and easier money management tools represent key benefits of online banking. The convenience factor enables users to complete banking tasks from virtually anywhere with internet access. The 24/7 access allows customers to perform banking activities at any time, without being restricted to traditional banking hours. Additionally, many online banking platforms offer money management tools that simplify budgeting and tracking expenses, enhancing overall financial management for users. Thus, identifying long wait times as a disadvantage clearly distinguishes it from the numerous benefits associated with online banking.