5 Reasons Why You Should Stop Wasting Your Time Going To The Bank And Adopt Online Banking Right Now

If you have been banking offline all these while, you will have a change of mind after reading these reasons to go online.
Online banking, also known as internet banking, e-banking or virtual banking, is an electronic payment system that enables customers of a bank or other financial institution to conduct a range of financial transactions through the financial institution’s website or mobile app.
Online banking is becoming much more common. You can pay your bills online and access a record of your checking account transactions online. Online banking is a great feature, and most banks offer it. … Some banks allow you to deposit checks by simply taking a picture of it. Here are five advantages of online banking below:
1. Pay Your Bills Online:
You can use online banking to pay your bills. This will eliminate the need for stamps and protect yourself from the check being lost in the mail. Most banks will have a section in which you set up payees. You will need to fill out the information once, and then you can simply choose that profile every time you pay a bill online.
If your bank will not pay bills online you may consider paying online through the company. Be careful since some of these companies may charge a convenience fee.
2. View Your Transactions:
Online banking allows you to access your account history and transactions from anywhere. This is the quickest way to check and see if a transaction has cleared your account. This can help you to find out the amount of a transaction after you have lost your receipt. It also allows you to find out about unauthorized transactions more quickly. This can help you to resolve the issues more quickly.
Some banks will show you pending transactions. These are transactions that you made that day and many more detail you need to know about your transactions.
3. Transfer Money Between Accounts:
Like the subtitle prescribes, Online banking also allows you to transfer money between accounts much more quickly. It is more convenient than using the automated phone service, and can save you a trip to the bank.
4. Mobile Banking
Most banks will have a mobile app that allows you to take advantage of online banking on your phone. This makes online banking even more convenient and allows you to quickly check up on your account when you are out shopping. However, you need to be sure you are accessing this information on a  secure network and avoid using public WiFi while completing these transactions. Mobile banking makes online banking even easier.
*Check your balance while you are shopping or on the go.
5. Protect Yourself Online
It is important to be careful when banking online. You do not want your safety or privacy to be breached. It is important to clear your cookies after each banking session if you are at a public computer. Additionally, you need to make sure that your password is long enough to prevent it from easily being hacked. Never give your online account information to someone who is not an authorized signer on your account. Check your credit report regularly. These steps should protect you from identity theft. You should make sure to protect your password especially if you have roommates. Take the time to make the necessary precautions.
  • Monitor your account regularly for fraudulent charges.
  • Avoid using public Wi-Fi when accessing your accounts.
  • Follow the password guidelines, and consider changing your password on a regular basis.

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