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

In the past,
people
paid friends, family and businesses using
cash
. Nowadays, they tend to settle
payments
online. In my opinion, I think transferring money to others using the internet and smartphones is a positive development.
To begin
with, online transfers are considered to be much more convenient than
cash
transactions. Using online
payments
, there are not any place restrictions. We can buy things anytime and anywhere because there is no need for
people
to waste
time
getting
cash
from the bank or automated teller machines, which can be
time
-consuming and inconvenient.
For example
, it is easier to buy things oversea as long as you have a credit card and a good internet connection than to go to the bank, wait in line, and fill in various forms for overseas payment.
Hence
, an online transfer is an effective way to pay and can save us
time
.
Secondly
, transferring money has become safer due to using online transfers. Most e-banking systems can clearly record each online-transactions, it can record each payment detail accurately
such
as
time
, amount and the company’s name etc.
People
can check the information and manage their accounts easily. If we use
cash
payments
, since there are no marks on coins and banknotes, it is hard to trace back the
cash
flow.
Consequently
, using online transfers can help us to organize and manage our bank accounts to clarify each transaction we have made. In conclusion, I strongly believe that using the internet or electronic devices to transfer money to other parties is an effective and convenient way since it can save our
time
dealing with overseas
payments
and provides the whole transaction records, which can help
people
manage their savings account easily and more safely.
Submitted by lawcheukyi on

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Use cohesive linking words accurately and appropriately

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Almost every sentence in your essay should have a linking word of some sort.

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  • firstly
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  • thirdly
  • in additional
  • moreover
  • also
  • for example
  • for instance
  • therefore
  • however
  • although
  • even though
  • despite

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