In my country, many banks are offering digital access with traditional banking accounts through which I can send and receive money as needed from the comfort of my home. I have the convenience of doing this using my computer or mobile. Again, if you need cash, you can withdraw money from the designated booth of the bank. Basically the pros outweigh the cons You don't have to stand in long queues during banking transactions which is a plus. To pay you fixed amount of fee at the end of the year.