Quote:
Originally Posted by Ignitionnet
Direct transfer - doable online, over the phone or in branch. It's like a cheque without the paper and money is in the recipient's account in 2 hours.
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Online introduces the various security problems inherant in online banking, not to mention the need to have access to at least one device with internet access. This is not always practical.
Transfer via telephone potentially introduces the problem that the line between your phone and the bank is not secure, and if dealing with a call centre, you can't be entirely sure that the staff have been through the same security checks the branch staff should have been.
In branch is not always an option simply because you may not be able to access a branch in working hours, or you may not have time to queue up (queues at my local Nationwide generally reach a 40 minute wait time within 15 minutes of lunch hour starting).