With the advancements in the internet, you don't have to leave your home for much these days, you can do everything from shopping and socializing to meeting and even banking. Online banking has made a huge difference largely because of its convenience.

 It is because of this that manual transfers using bank bags have decreased. However, each has a place in the world and it is up to you which one you prefer.

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Speed

One of the most striking advantages of online transfers, when compared to using deposit bags, is the speed. With manual deposits, you have to get the money from somewhere, count it up, get a secure bag to put it in, drive to the bank and then wait in line to make a deposit. When doing so online all you have to do is pick who you want to pay and confirm your request. This can save a good few hours in some cases.

Safety and security

Online banking has often been surrounded by controversy when it comes to money security. In theory, it is a safe way of transferring money from one party to another since you will not be walking around with bank bags filled with cash. Online transfers are much easier to trace than you drawing money and walking around with it. The banking sites have special security features to reduce the risk of phishing and other scams.