Barclays –this online bank lets you do most of the things that you can do by going down to the branch, this includes checking how much money you have in your account/accounts, setting up a standing order, seeing what sort of accounts that you can get, entering for a loan, and seeing what type of insurance you can get from them. the downside is that you still have to go down to the branch to put money into your acocunt.
HSBC- this online bank allows you to see all of your acocunt information like how much money you have and what account type you are on. also from the website it will let you see a list of investments that you could invest in and also see how they are doing. also it will let you see your business's details if you have a business acount with them. also you can make bill payments, manage direct debits and also set up standing orders.
the purposes of online banking is to save time and effort with your bank so you can do alot from home without having to go down to the bank as sometimes it will seem really complicated. but online it is designed to be as simple as possible so that anybody can do things easily with no hassle.
The target audience is anybody who has a bank account and the major advantages are that you can nearly do anything that you can at a bank from home.
In the future of online banking they could improve by having increased security. instead of having strong passwords they should have randomly generated password tockens. this would make the online banking more secure so that less people would be able to get into your account.
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