Today, many people use the internet and smartphones to transfer money to friends, family, and businesses. Is this a positive or negative development?

In today’s modern world, lots of people

transfer

their

money

for trading, job or family with their phone and network connection, which I see as a benefit for our society and in

this

essay I discussed two of my reasons.

To begin

with, there are many banks in our world and each person is using one of them the problem is we can not expect our

bank

to be everywhere we need because it is impossible.

Therefore

, we can not spend

time

and

money

transfers to the

bank

every

time

, especially when they are far from us.

For example

, I want to do business in a foreign country and my

bank

does not have any branches there, in

this

situation online banking will help me can

transfer

my

money

with only an internet connection because reaching the

bank

in person is impossible for me at that

time

.

In addition

, using electronic

transfer

can let us do it every

time

of the day and year even on weekends.

Thus

, we should not be worried about

bank

working times or any holiday closings.

For instance

, tonight is Christmas and my son needs

money

to reach home, but it is 11 o’clock and every

bank

is closed for an hour.

However

, the internet does not have a closing

time

which I can use anytime I want.

As a result

,

this

technology can give me

this

access to

transfer

my

money

any

time

of the year, even on holidays. To conclude, the internet makes our life easier by giving us the ability to

transfer

and do online banking without going to the

bank

or being worried about the

bank

’s working

time

which in my opinion, is really beneficial for every human.