Digital Bank

[poodle63]

I don't know for sure, but what I know is that the fundamental difference between digital banks and traditional banks is customer service. Digital banks receive reports or complaints from customers via digital means such as chat, while traditional banks receive customer reports by telephone or face to face. As far as I know, digital banks also have offices but with fewer employees, perhaps because the system is digital or online based.

traditional banks actually have customer support in various of their apps, sometime the customer service that they are having even more massive than the digital banks are having, moreover from my experience the overall experience of customer support coming from traditional bank which actually isn't really traditional since every feature offered by digital banks right now can be found on the app that these traditional banks are having are more better than the digital ones.
the fact that digital bank only accept complaints through chat or somet kind of media like that means they trying to be as efficient as possible at the cost of customer service experience being subpar.
but the fact that digital banks usually always the first to introduce sleek UI and better user experience in their app overall is probably the reason people use these digital banks.

[moneystery]

To be honest, I like it. I've just realized when I've read something about carbon footprint and it's said that we're helping our environment when do small actions like this and does transactions through digital banks or apps.

You can go everywhere, whenever you want and pay merchants on an instant scanning.

the use of digital banks should be further increased by the public, because to be honest it is much easier to use digital banks compared to traditional banks, because all our needs are covered online and we don't need to be tired of coming to their branch offices just to ask for a checking account. energy use in the banking sector is also lower for digital banks, because they don't need many branches, they only need representation in big cities and usually their offices are also small. so i can say that digital banking is a form of innovation in the banking sector that must continue to be developed.

[laijsica]

In my country, many banks are offering digital access with traditional banking accounts through which I can send and receive money as needed from the comfort of my home. I have the convenience of doing this using my computer or mobile. Again, if you need cash, you can withdraw money from the designated booth of the bank. Basically the pros outweigh the cons You don't have to stand in long queues during banking transactions which is a plus. To pay you fixed amount of fee at the end of the year.

[xmonkeyx]

Anyone who is familiar with digital bank?  All I know is that, unlike traditional bank, they do not have the bank building hence saving them from all costs related to it.  In my country, they are offering higher interest rates returns compare to their traditional bank counterpart.  Anyone knows the reason why they can do that?  Also, what is the pros and cons of using digital bank instead of traditional bank?

yes, that's right, one of the financial institutions that provides banking services via a digital platform without a physical presence is a digital bank, and offers higher interest which is very attractive, why is that, because of what I said earlier where digital banks do not have a physical branch network. In broad terms, in terms of that alone they save costs on rent, maintenance and salaries of branch staff, then can reduce operational costs. This allows digital banks to offer more competitive interest rates to their customers. Of course there are many advantages and disadvantages of digital banks in the world of banking. benefits, but also has several negative impacts that need to be considered, including cyber security risks, lack of personal interaction, service limitations and so on.

[Mr.sprin]

In my country, many banks are offering digital access with traditional banking accounts through which I can send and receive money as needed from the comfort of my home. I have the convenience of doing this using my computer or mobile. Again, if you need cash, you can withdraw money from the designated booth of the bank. Basically the pros outweigh the cons You don't have to stand in long queues during banking transactions which is a plus. To pay you fixed amount of fee at the end of the year.

Yes, bro, with the presence of digital banks, it will make it easier for us to carry out transactions anywhere and at any time, either via cellphone or laptop, so we have free access anywhere, and when we make transactions we no longer need to go to the nearest bank, that's progress in technology that makes it easier for us, without having to bother queuing to withdraw cash, and we can also make large transactions, just by accessing it via cellphone we can communicate with the digital bank and that really makes things easier for us when we can't come to the branch office that way we are saved by time and circumstances.

[Ben Barubal]

Anyone who is familiar with digital bank?  All I know is that, unlike traditional bank, they do not have the bank building hence saving them from all costs related to it.  In my country, they are offering higher interest rates returns compare to their traditional bank counterpart.  Anyone knows the reason why they can do that?  Also, what is the pros and cons of using digital bank instead of traditional bank?

     Most digital banks do not have a physical office like traditional banks, so the risk is a bit too high. But there are still people who believe in this and put money in it. I have heard of many people in our country who have been robbed of money because of the digital bank.

     And it's also true that most digital banks charge high interest rates when, for example, you're approved for their loan program; that's all I know, but if it's convenient to use, there's no doubt that my answer is yes.

[N.O]

In my country, many banks are offering digital access with traditional banking accounts through which I can send and receive money as needed from the comfort of my home. I have the convenience of doing this using my computer or mobile. Again, if you need cash, you can withdraw money from the designated booth of the bank. Basically the pros outweigh the cons You don't have to stand in long queues during banking transactions which is a plus. To pay you fixed amount of fee at the end of the year.

Yes, bro, with the presence of digital banks, it will make it easier for us to carry out transactions anywhere and at any time, either via cellphone or laptop, so we have free access anywhere, and when we make transactions we no longer need to go to the nearest bank, that's progress in technology that makes it easier for us, without having to bother queuing to withdraw cash, and we can also make large transactions, just by accessing it via cellphone we can communicate with the digital bank and that really makes things easier for us when we can't come to the branch office that way we are saved by time and circumstances.

I think digital bank can't provide safety like in physics banking. We can check every type of problem at any time and we can give complain to the bank if your money is cut off without any reason and we can communicate easily our problems. But digital banking is not helpful in my opinion because our accounts can be hack at any time and when our account is hacked,we can't do anything. We can not find the location of hackers. There are brilliant hackers which are billionaire due to experty in hacking.  Safety should be first priority and I know that is very difficult for people to follow the line and then enter in the bank . But there is safety of you and your family.

[boty]

In my country, many banks are offering digital access with traditional banking accounts through which I can send and receive money as needed from the comfort of my home. I have the convenience of doing this using my computer or mobile. Again, if you need cash, you can withdraw money from the designated booth of the bank. Basically the pros outweigh the cons You don't have to stand in long queues during banking transactions which is a plus. To pay you fixed amount of fee at the end of the year.

Yes, bro, with the presence of digital banks, it will make it easier for us to carry out transactions anywhere and at any time, either via cellphone or laptop, so we have free access anywhere, and when we make transactions we no longer need to go to the nearest bank, that's progress in technology that makes it easier for us, without having to bother queuing to withdraw cash, and we can also make large transactions, just by accessing it via cellphone we can communicate with the digital bank and that really makes things easier for us when we can't come to the branch office that way we are saved by time and circumstances.

With all the convenience of transactions, of course this will really help us in resolving transaction problems wherever we need it, but of all these conveniences, of course we have to be able to control ourselves not to use things we don't really need, which of course will This is very detrimental to us and the savings we have can easily be used up on things we don't really need.

[Awwal08]

Anyone who is familiar with digital bank?  All I know is that, unlike traditional bank, they do not have the bank building hence saving them from all costs related to it.  In my country, they are offering higher interest rates returns compare to their traditional bank counterpart.  Anyone knows the reason why they can do that?  Also, what is the pros and cons of using digital bank instead of traditional bank?

For any institution to establish the most create awareness for people to notice them and how do they do that by making a lot of offer for their costumer to draw their attention, on like our own, digital bank are actually doing fine because people find it easy to setup and also very easy to operate, one thing that people noticed was registering with them even when you are in your room, all you need is to have access to Internet services, and again their fees are not much unlike traditional banks. But still despite the flexibility i prefer traditional bank because of the physical structure i see everyday.