Online Banking
Bank is used to be a place where people put their money and stored it in the bank so that there money is safe.
With Online banking money seems to exist everywhere or we could say that online banking is the easiest way to  manage your money without having to go to your bank, instead you use a computer to log on to the internet and go on to your bank website.
with online banking you can complete most of the transactions that people use, this includes checking balances, paying bills, managing direct debits , transferring money to someone account if you have their information and ordering cheque books and statements.
online banking has made life very easy for business as well as for people, so for example your employee just gives your information to the bank and that's how money comes in to your bank. As online banking is growing faster, people now use less high street bank there is now less money kept in bank because of people use online banking now.
Security
Security is always a problem in online banking, the best way to keep your account and information safe is using card reader, so then there s no chance for thieves to get hold of you account details or your information.
there is also other ways thieves can hack into your account and that is called 'Phishing scam'.  it works by an email message sent to your email account. The best way to keep yourself safe from frauds and phishing scam is to make sure that they don't ask for pin number.
Scopes and Limitations  
 
 

Scopes
You don't have to go to your bank, to make payments or transfer money.
You can transfer money easily using online banking
You can use online at home or office.
You can use at a time convenient to, 24/7 and 7 days a week.
You can check your bank statements which means that you can then manger your money.
You can apply for a loan or a mortgage through online banking.
banks  employee less staff  which means they save more money.
Limitations
You need internet access to use online banking.
Banks have to specialist web developers and expensive computers to run the website.
Fraud is likely to happen with online banking.
'Phishing scam' make people worry.
You can't withdraw cash through online baking, you have to use ATM machine.
With online banking there is less jobs available for people on high streets.
My Personal Experience
I have never used online banking, but my dad uses online banking. I think it is the easy way to manage your money. As I see my dad using online banking it seems very easy to use especially with card reader. with card reader online banking is a very secure way to make payments or check your banks information.