| Basis | Traditional Banking | E- Banking Practices |
| Global Coverage | Traditional Practice provides limited coverage. | E-Banking Practices involve global coverage while sitting at home/office. |
| Marketing Tool | Traditional Practice does not provide proper marketing tools. | E-Banking provides the facility of marketing of products/ schemes online easily. |
| Prompt Services | Traditional Practices involves process which requires more time. | E-Banking same lot of line as there is no need to stand in long queues. |
| Reduction of errors/ Frauds | Traditional banking practices do not provide a complete check on banking transactions. | With the system of reconciliation of inter-branch transactions, frauds and errors could be reduced. |
| Paperwork | Bank executives have to perform a lot of paperwork which increases both time and cost. | Cost and time could be reduced or everything is to be through some interval and no need for huge paperwork. |
| Risk of carrying cash | In the case of traditional business, a person has to carry cash at each point of time. | E-banking provides banking without carrying cash as plastic money (ATMs, Credit cards are available) |
