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Monday, May 3, 2010

Uses of Internet Banking

As we were looking up statistics for online banking I found a few alarming things. One of these things that actually surprised me was the limited availability of specific statistics on online banking transactions and use. When I was able to find a legitimate source for sites I found that these usually charged money to use their services. I began to wonder why such an alarming number of websites such as this existed. The reason for these websites existence was to make investors aware of the different statistics of banks/ possible investments. They could then use this information to generate revenue by brokering online. Like internet banking this investment process could be handled entirely online. I find it amazing how everything that one needs to generate an income through online investment and banking is at your fingertips provided you're able to pay the often hundreds to thousands of dollars to get accurate information of how the financial institutions are doing.

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