ONLINE BANKING

Online banking refers to the banking activities conducted via the Internet. Examples of online transactions include transferring money and paying utility bills. I totally agree with John in saying that online banking makes people's lives easier. This is because it is hassle-free, reliable and safe.

First of all, online banking is hassle-free. You can easily access it anywhere, anytime. Your electricity, water and telephone bills can be paid any time you want. It also allows you to access your account history and transactions from anywhere. You can know the status of your finance at all times.

Besides, online banking is reliable. It allows only the authorised person to log in. This is achieved by verifying your password. If you key in your password incorrectly too many times, your online banking account will be locked automatically until you call the bank and request for the account to be unlocked.

Finally, online banking is safe. A Transaction Authorisation Code (TAC) is required for each and every transaction. TAC is a unique, 6-digit code that you will use as a compulsory requirement for specific online transactions. Therefore, it is very safe as all transactions are guarded by the security system.

In conclusion, online banking indeed eases people's lives because of its distinctive features: convenient, reliable and safe. If you want to breeze through the process, online banking is the way to go. Do not waver and start using the Internet to manage your money today!

VOCABULARY

Match the words to the meanings.

1. hassle a) hesitate

2. reliable b) trouble

3. authorised c) distinguishing

4. distinctive d) approved

5. waver e) trustworthy

PARAGRAPH 1

Answer the comprehension questions.

1. What does online banking refer to?

_______________________________________________________________

2. What are the examples of online transactions?

_______________________________________________________________

3. What are the three features of online banking?

_______________________________________________________________

PARAGRAPH 2

Rearrange the phrases to form correct sentences.

1. hassle-free/is/First of all,/online banking

_____________________________________________________________

2. easily/You can/anywhere, anytime/access it

_____________________________________________________________

3. from anywhere/your account history/allows you/It also/and transactions/to access

_____________________________________________________________

4. the status/at all times/You know/of your finance

_____________________________________________________________

PARAGRAPH 3

Fill in the blanks with the correct answers.

Besides, online banking is __________. It allows only the __________ person to log in. This is __________ by verifying your ___________. If you key in your password ___________ too many times, your online banking ________ will be locked ______________ until you call the bank and ____________ for the account to be ___________.

WORD GRAB

reliable

authorised

achieved

password

incorrectly

account

automatically

request

unlocked

PARAGRAPH 4

Complete the paragraph using the correct adjectives.

Finally, online banking is _______. A Transaction Authorisation Code (TAC) is required for each and every transaction. TAC is a __________, 6-digit code that you will use as a ______________ requirement for ___________ online transactions. Therefore, it is very _________ as all transactions are guarded by the security system.

PARAGRAPH 5

List three benefits of online banking.

1._________________________________________________________

2._________________________________________________________

3._________________________________________________________