With home banking, the public can buy bonds more conveniently. At the same time, financial institutions and Treasury save money by making the purchase process more efficient. The major differences between traditional bond sales and home banking bond sales are the point of sale, data entry, and available hours.
Customer travels to financial institution.
Virtual financial institution. Customer stays at home. Done by customer. During banking hours. Existing issuing agents don't need to go through any formal approval process to sell bonds via home banking.