While this may be advantageous to the holder, it removes large sums from the pool of foreign exchange reserves which can be made available to the general public, and creates foreign assets which are blocked by the banks who hold such accounts for particular customers, whether or not the customer needs the funds for current use.
The only use of electronic technology that increased with age was direct deposit, a reflection of the importance of the direct deposit of Social Security payments. On balance, these results suggested that, in 1995, the potential market for relatively new electronic banking products was highly specialized. Since 1995 the world of electronic banking has certainly changed. But how much has it changed?