✓The cost of operation per unit of services is lower for banks.
✓Offers convenience to customers since they are not required to go to the bank's facilities.
✓There is a very low incidence of errors.
✓The customer can obtain funds at any time from ATMs.
✓Credit cards and debit cards allow customers to get discounts at points of sale.
✓The customer can easily transfer the funds from one place to another place electronically.