Benefits and Risks of Online Banking - Axios Credit Bank

Nowadays, everyone has become tech savvy. Perhaps that is why we are more active in the virtual world of the internet rather than the real world. All the services are trying to adapt to this changing scenario. Even banking services are not left behind. They are also trying to meet the customers’ requirements. This is one of the reasons why online banking services have become ubiquitous. Almost all the major and reputed banks are offering internet banking in Malaysia to their customers.



Despite saying this, it is important to highlight that with all its positives, E-Banking in Malaysia also comes with its shortcomings. We, being an International bank think it is our responsibility to highlight the pros and cons of internet banking services. Scroll down to learn more about it.

Advantages of online banking services

1. Highly Convenient

All the drawbacks of the internet banking services are mitigated with this one benefit. If you are a customer, then definitely you will agree that E-Banking in Malaysia is a boon, as it has simplified the management of your bank account. Now, you can easily transfer your money and can make all the payments online. You are no more required to run to your bank for every trivial thing. With the help of this service, you can easily keep track of your account.

2. Better Rates from Banks

As an online banking service provider, we accept that the online banking services are not only convenient for customers but also to the banks. This helps in reducing their cost of employing more staff for the same work, which now you can do easily on your own via the internet. Hence, we try to encourage this type of banking service by offering higher rates on deposits.

3. Avail Multiple Services

Earlier, the banking services were less. Today, you can find a plethora of services provided by banks. You must thank internet service for this. It has improved customer services and has brought it to a different level. The online banking by Axios credit bank has made the life of customers easier. Now, a customer who wants to know how much EMI he has to pay for his car loan can simply use our loan calculators. Similarly, you can enjoy many other online services, such as investment analysis tools, electronic bill statements, etc.

4. Mobile-friendly

All these services have mobile capability, as almost all, the reputed and highly recognized banks have mobile-friendly websites. This means you can easily avail all the services, as smartphones are used by everyone. 

Shortcomings of Internet Banking services

1. Building Relationships

This is an issue that is more severe from the banks' point of view. With internet banking, it has become difficult for staff to build a personal relationship with the clients. Therefore, it has become difficult for them to sell financial products to the customers.

2. Security Issues

The major drawback of Internet banking in Malaysia is security. Despite the best efforts taken by banks to keep their website secure, the chances of risk are higher in online banking services. However, this is something, which banks can overcome if they really want to do as we have done.


The online banking by Axios credit bank is one of the best internet banking services in Malaysia. We are an International bank that offers you an effective E-Banking service in Malaysia. Get in touch with us and learn more about our banking services.