Monday, November 9, 2009

Banking Online Gives You Many New Opportunities

One of the most efficient technologies recently invented is online banking. Online banking has become one of the best selling features for banks. It gives you many advantages and options as you know longer need to bank at your local banking institutions. With options like this given to a consumer that lowers banking fees and makes interest rates more competitive. Anytime there is completion to get your business there are advantages for the consumer. Here is what online banking options can do for.

One of the biggest advantages to being able to do your banking online is that you do not have to keep your money locally. You can now shop online and find the place where your money can earn the most interest. You can open the account online and then they will mail you your signature card. You will still have checks and debit cards to your account and it operates just the same as your local bank. You can have your money directly deposited to your account or you can mail in a check.

When you bank online with a bank other than the ones in your local area you can still access your account online. These banks also offer you features such as online bill paying. This is where you can pay your bills online. They give you two options to be able to pay your bills. You first load all the information about the bills you pay this will include the name of payee, their address, and your account number. Then you can either manual go in and pay each bill as it is due or you can set the bills to be paid automatically. When you set your bills to be paid automatically you need to make sure that you always have money to pay them as non-sufficient funds work just the same way.

You also will have the ability to transfer funds to other accounts. For example if you have both a savings and a checking account you can quickly go online and move money from one account to the other. This type of transaction usually clears the same business day provided you make the transaction before their daily cut off. This can be very handy when you need to cover an unexpected expense and also gives you the freedom to leave your money in a savings account and earning interest until you need it.

The rate of interest that your money will earn when you do all your banking with an online bank is almost four times the national average of your local bank branches. This is because they do not have the overhead cost of maintaining branches throughout the area. Their savings is then passed on to consumer in the form of higher interest rates. So if you are looking for a way to earn higher interest returns on your money, have easy access to view and manage your accounts, and pay your bills you should consider moving you money so that you can use online banking.




By : Craig Thornburrow
Craig Thornburrow is an acknowledged expert in his field. You can get more free advice on online banking and Chase Manhattan online banking at http://www.onlinebankingadvice.com

Thursday, October 29, 2009

Online Banking Or The Personal Touch?

While there have been many changes to the banking industry over the last 20 years, some good, some bad, one element continues to attract the most debate - the lack of a personal touch.

Gone are the days when a customer of the bank could build up a relationship with their account manager, gone are the days when the bank would do loyal customers “a favour”. Everything now a days seems to be driven by predefined formulaes and risk assessment, taking out the human touch, and human understanding of a situation.

This seems to have affected the small business market the most, with many entrepreneurs experiencing a none contact relationship with their bankers. They appear to be just another number, another customer, and very often the banks will not have an in depth understanding of the business. Basic figures and balance sheets are fed into the banks main decision making systems, a risk assessment produced, and an instant often non-negotiable decision. No chat, no additional information required, a decision purely based on cold hard statistics.

While the non contact approach by many UK financial institutions has been pilloried by many, there are a number of people who would rather bank on line, and arrange additional finance online. They are very happy to be dealing with a automated system which can give an answer almost immediately, rather than go through the hassle of going into the bank and sitting down with an account manager - who very often has limited control to change or adapt any of the banks initial decisions.

Has Online Banking Assisted Banking Customers?

Without doubt the onset of online banking has been of great assistance to banking customers, whether personal or business accounts. As well as allowing people to receive decisions almost immediately, it has also allowed potential customers to “shop around” all over the country and apply to the most relevant financial institution online, wherever they may be based.

The ability to now monitor your accounts online has also offered great assistance in the fight against fraud and other financial crimes. Very often online checking has allowed customers to spot problems earlier than possible prior to online banking. As reported cases of fraud continue to grow, this online monitoring is becoming more and more essential.

While some still mourn the death of “personal” banking, and there is no doubt that it does have a place in the business community, overall the internet has offered the chance for quicker decisions on loan applications, etc and the ability to shop around.

All in all online banking has assisted in ensuring a more competitive attitude amongst the leading financial institutions, as niche market players enter the online market, looking to attack some of the traditional banking business.



By : Tosif Patel
UK Loans

Thursday, October 22, 2009

Future of Online Banking

No matter where online banking comes from or where it is today, it is most certainly here to stay. As a tool of modern living and as a lifestyle aid, it is absolutely indispensable. The fact is that many services that are now being offered with online banking are almost impossible to avail of in regular banking. This holds even truer for developments that the future of online banking will bring.

Judging by its current popularity and rate of implementation, online banking will increase in scope and user base in the future. Individuals and businesses that have refused to adopt it as a commercial tool before now will not really be left with much choice. As things stand now, using conventional methods of business inquiry, confirmation, order-placement and bill payment is retrograde at best. The speed (and reduced manpower) with which the same activities can be done online leaves the traditional methods completely in the shade. The same holds true for normal vs. online business-related banking.

In a domestic setting, too, shopping has been and will continue to be revolutionized by the Internet option. Payments for goods bought online will almost always be done via a bank-related credit card or direct deduction from a bank account.

However, traditional biases against online banking are not going to be overcome entirely by hard facts and figures in its favor. The rate at which this sector of banking will grow will depend on how many user-friendly facilities are incorporated, the additional facilities that will be added and the way the concept is packaged for the general public.

It is unfortunately a fact that banks and their customers have rarely agreed on what is a useful facility and what isn’t. A lot of market research and customer polling will be required before the gap between what is needed in banking and what is available is filled. When that finally happens, the final frontier of online banking will indeed be explored.



By : Ross Bainbridge
Online Banking provides detailed information on Online Banking, History of Online Banking, Online Banking Services, Future of Online Banking and more. Online Banking is affiliated with Offshore Banking Accounts.

Thursday, October 15, 2009

The Dos And Don'ts Of Online Banking

One of the biggest additions to the banking world in recent memory has been the advent of online banking. It has made banking so much more convenient for consumers. Likewise, it has also helped banks in lowering their costs considerably. With that said though, there are some dos and dont's that you need to be aware of when opening up an online bank account.

Do's

Is the online bank you're considering doing business with FDIC insured? This is important, because if they are not, move on to a bank that is. FDIC insures that all savings accounts, checking accounts, and CD deposits are covered up to $100,000.

Be certain that the Internet banks website that you're on is the real website. As hard as it can be to imagine, online criminals have made up websites that nearly identical to the banks actual website in hopes of conning you into getting your personal information.

Always look over all your bank statements, credit card statements, etc., and check to make sure everything looks right. If you do find something that is questionable, talk to your bank immediately.

Make sure you keep your password and account login information in a safe and secure place. Never share this information with anyone, especially through an email. When you come up with passwords, never use birthdates or social security numbers.

Do keep your anti-virus protection software up to date on your computer. It's also a good idea to back-up your files on a regular basis. You really don't want to take chances in this area.

Always completely log off your online banking website. Don't simply "X" out of it.

Change any of the auto-generated passwords you are given when you first open up an online bank account.

Keep up to date on all the information about your online banks security measures. Ask what kind of protection they offer? Compare it to other Internet banks security systems.

Don'ts

Don't send personal information to anyone in an email. You may think it is secure, but it is not.

Don't give out your personal information over the telephone unless you are absolutely certain of who you are dealing with. You also need to know what this person is going to do with your information when you give it to them.

Don't have other browsers open at the same time you are doing your Internet banking transactions.

Don't open emails from folks you don't do business with. If you ever get an email from your bank asking you for personal information, call the bank first before doing anything else. Ask them about the email and find out what is going on. If it is legitimate, which I doubt it is since banks don't conduct business like that, then you can take care of it right there over the phone.

Opening an online bank account is great. I've had an Internet account for years now, and never had any issues with it. It has become such a convenient way of life now that I would never consider anything else. If you will follow these simple dos and don'ts, you'll find the same convenience with online banking as I have.



By : Terry Edwards
Discover more information on the Do's And Don'ts Of Online Banking as well as information on banking, loans and investments at http://www.Banking.InfoFromA-Z.com

Tuesday, October 6, 2009

A Preview of Your Online Banking Security Benefits

The past decade has seen a great deal of change within the business of banking. Banking the old fashion away is no longer cost efficient or effective. Today, banks are encouraging their clients to bank and invest online whenever possible. Once way in which banks “encourage” their patrons is to charage larger fees for personal services which were once free. If you are getting charged any fee at all for your banking services you definitely need to shop around for a new bank.

Why is online banking so popular?

Some banks are simply not tech savvy enough to have the available online tools which can meet a modern investor's needs. Especially if you have a long history with a particular bank and you would rather not start over someplace else. You may want to inquire at your bank if they have any type of low cost checking or saving programs. Any service that requires human contact with a customer costs more money. Paying tellers and personal bankers is extremely expensive for a bank and they would much rather have the majority of their customers use the automated online, phone, and atm services. Training employees, uniforms, benefits, and overhead costs like rent on the branch office all cost money. But with the development of online banking and investment none of those things are any longer necessary.

Is investing online safe?

Investment companies also all their clients to invest and do research online. They have made available information that the casual investor simply could not get their hands on a decade ago. Now investment companies have company and stock profiles, investment tips, charts, guides, and even practice demos for online trading. Another benefit of online investing is that it can be any time of day. Clients love the ease of access and people can trade stocks from the privacy and comfort of their own homes. If you choose to do your investing online remember there will a small fee (less then a financial advisor fee) associated with each time you buy and sell stock. Make sure that when you give your money to an online investment company that you have research the company and they have long history of successful investing both online and off. Fraudulent activity online is fairly common and can be avoid if you are smart and educated investor.

Whether you do banking or investing online be sure to read the find print of the services offered. Double check the company's privacy policy. You want to make sure they are not going to sell your email address, home address, or phone number to telemarketing companies.

Certainly a check-less or paper-less system is also beneficial. It has been estimated that in the past each transaction made at bank cost a total of $4 dollars. Today, each internet transaction costs a total of 10 cents. The difference is all profit to the bank. There are some risk associated with online banking and investing however if you are careful with your personal information and choose the right institutions to do business with this concern will never be a reality.



By : Ewelike Chikaodi
Visit the Global Investment Institute and signup for our free Investing For The Beginner E-Course at http://www.Global-Investment-Institute.com Investment webmasters or publishers, please feel free to use this article provided this reference is included and all links remain active.

Wednesday, September 30, 2009

Online Banking Options For E-Commerce Business Owners

With more people getting involved in e-commerce the options for online banking contuse to grow. This can be especially useful for businesses that conduct their business completely online. Payments can be made through an online banking system and the bills can be paid the same way, with little or no need to travel to the traditional bank to conduct your business.

As people become more comfortable conducting transactions online, the need for online banking is growing. Some of the options will allow business owners to accept payments by credit cards and e-checks, which are deposited into their online bank account. From that account, vendors who accept payment through online banking can be paid directly. Others can be paid using the bank's online payment options, which include sending the vendor a paper check as specified by your online banking company.

Essentially, with many of the online banking options the business has no need to ever visit a bank, unless they need cash and a drive through automatic teller machine can handle that transaction.

Many online banks also offer paper checks that can be mailed out, the ability to mail paper checks you receive to the bank for deposit or allow you to make deposits through your debit card at another bank. Having a savings account, personal checking account at the same online bank as your business account allows you the freedom to transfer funds between accounts, usually at no cost. Many also offer the option of money transfer to and from an account at a different institution, however many charge a small fee for this convenience.

Most online banks also give you the option of who is authorized to conduct transactions in the account and through separate password controls, you can track who is messing with your account. The security for online banking has made many innovative improvements in recent years to prevent fraudulent activity from draining your account before you know there is something wrong.

Most also offer the same protection as traditional banks through the Federal Deposit Insurance Corporation, although this protection is usually provided ion the even of physical theft of your money, new rules also help cover account holders, up to certain limits, for electronic theft as well. Protecting you identity and protecting your money are the common concerns of those using online banking, but the convenience of having 24 hour a day, seven day a week access through a high security banking plan can take most of the concerns away.

In most cases everything you can do at a traditional bank can be done through an online bank and the only things missing are the personal interaction with bank employees and the restriction of the bank's hours during which you can conduct business.



By : F Newsome
The blog TotalCashSolutions is dedicated to people who are seriously searching for ways of quitting the 9-5. Join My Money Making Newsletter and learn tips and tricks about making money working online!

Sunday, September 20, 2009

Online Banking in India

ONLINE BANKING

Introduction:

The concept of online banking was first brought in when the Governor, Reserve Bank of India appointed a Committee under Shri W.S.Saraf, Executive Director to look into technological issues relating to payment system and to make recommendations for widening the use of modern technology in the banking industry. The Saraf Committee recommended institution of Electronic Funds Transfer Systems in India. It also reviewed the telecommunication system like use of BANKNET and optimum utilization of SWIFT by the banks in India. The Shere Committee in 1995 had recommended framing of RBI (EFT System) Regulations under Section 58 of the Reserve Bank of India Act 1934 (RBI Act), amendments to the RBI Act and to the Bankers' Books Evidence Act,
1891 as short term measures and enacting of a few new Acts such as the
Electronic Funds Transfer Act, the Computer Misuse and Data Protection
Act.

Impact of the Information and Technology Act, 2000:

The information and technology act is an act to provide legal recognition for transactions carried out by means of electronic data interchange and other means of electronic
communication commonly referred to as "electronic commerce".

Reasons for adopting the online banking:

The growth of online banking has been fuelled by broadband availability as well as secures connections over the Internet. Many banks now offer some form of online banking activity, whether it is checking bank balance, paying bills online or even simple cash transfer transactions. As customers gain more confidence in carrying out secure transactions over the Internet, vulnerabilities are present and can be exploited by cyber criminals to obtain a user's personal banking details. In one of the latest developments, FSecure, a leading security provider for Internet and mobile networks, has issued a warning against computer users of an upsurge in attacks against banking sites, targeting personal user data. It started with software that was capable of retrieving the data typed into the computer keyboard and then more complex mechanisms arrived on the scene such as Phishing and pharming. .

A new concept of cell phone banking has taken over the Indians. A classic example of this is that the Harsh Vihar slum may not have banks, but it does have cell phone coverage. And that has made its residents ideal candidates for a novel experiment in combining microfinance and mobile banking. Basix, an organization that specializes in bringing micro loans and other financial services to India's poor, has teamed up with Axis, an Indian commercial bank, to begin offering accounts to workers in Delhi's slums. Its approach relies on a combination of high technology and old-fashioned shoe leather.

The main risk of online banking is the security concerns. For this the IT Act has a provision, Section 3(2) which, provides for a particular asymmetric crypto system and function as a means of authenticating electronic record. Any other method used by banks for authentication should be recognized as a source of legal risk.

The provisions for the offences committed:

Under the chapter IX Section 43 , the punishments for the offences so caused are defined. By this act under chapter X, Section 48 defines the establishment of a cyber appellate tribunal. . But there is one fundamental difficulty in punishing the cyber criminals. It is the matter of jurisdiction . This is because any person who possesses a computer and an internet can commit this crime and it is practically impossible to trace the person out. Even if the person can be traced, there is no geographical border to bring him under the jurisdiction of a particular country. However the banking regulatory body, RBI has issued a guideline dated 14th June, 2001, which discusses issues pertaining to his territorial jurisdiction within which the internet banking products can be made
available.

Benefits of Online Banking:

Internet-only deals have cornered the best-buy savings market. Rates are, on average, 0.2 percentage points higher than on traditional accounts. For instance, Bradford & Bingley pays 6.4 per cent on its Internet Saver account but only 6.2 per cent on its My Time Postal Saver.
The online savings trend has also allowed lesser-known banks into the market. For instance, ICICI Bank, the second-largest bank in India, offers an internet account paying a competitive 6.41 per cent. There are no restrictions on withdrawals, a low minimum of £ 1 and a guarantee that it will pay 0.3 points above the Bank of England base rate until December 31, 2011.



By : Barnik Ghosh
First Year
Gujarat National Law University
Contact numbers: 09924509380/03324157023

In particular and without prejudice to the generality of the foregoing provision, such regulations may provide for all or any of the following matters, namely:-- 4
* (f) the manner in which the business of the Central Board shall be transacted, and the procedure to be followed at meetings thereof;
(g) the conduct of business of Local Boards and the delegation to such Boards of powers and functions;
(h) the delegation of powers and functions of the Central Board 6**** to Deputy Governors, Directors or officers of the Bank;
(i) the formation of Committees of the Central Board, the delegation of powers and functions of the Central Board to such Committees, and the conduct of business in such Committees;
(j) the constitution and management of staff and superannuation funds for the officers and servants of the Bank;
(k) the manner and form in which contracts binding on the Bank may be executed;

1. Subs. by Act 19 of 1957, s. 5, for "Indian Companies Act, 1913". 2. Subs. by the M. O. 1937, for "he may direct". Sub-section (2) was rep. by Act 62 of 1948, s. 7 and Sch. (w.e.f. 1-1-1949). 4. Ins. by Act 66 of 1988, s. 6 (w.e.f. 30-12-1988). 5. Cls. (a) to (e) was rep. by 62 of 1948, s. 7 and Sch. (w.e.f. 1-1-1949).

Saturday, September 12, 2009

Online Banking Security - Layers of Protection

No one can blame you for being wary and mistrustful. After all, it is your money we are talking about. We have heard of rumors and stories on TV about e-thieves stealing important information like as credit card numbers. The truth is, online banking is just as secure as your average person-to-person banking and is more secure than the media usually makes it out to be. In fact, online banking may be safer than traditional banking.

Traditional Banking vs. Online Banking

You may not have realized it but in traditional banking, you are exposed to several security threats. Your mail containing your bills and bank statements can be intercepted. When you use the ATM, you may be exposed to physical theft or information theft. Your information can also be accessed by bank employees. Above all, when you pay your bills with a check, your account number, social security number and even your phone number are usually printed on the paper check.

These threats can be avoided, if not completely eliminated, with online banking. Financial transactions are made in the comfort and security of your home or office. Moreover, because they know that online customers are apprehensive, security is their top concern. The bank's computers are also protected by a firewall.

Online Banking Security Measures

Although single password protection is the most common security method in the United States, password authentication alone is not secure enough for the type of information and business with Internet banking. That's why online banks use a far more complicated system to protect their clients and ultimately, themselves. They employ numerous layers of strategies and measures to ensure their customers of the security of their dealings. These strategies vary according to the choice of the bank. However, there are measures that are commonly employed by many online banks. Here are some of them.

· The https Protocol: Https is a URI (Uniform Resource Identifier) scheme that is used to identify a secure HTTP connection. Online banking ports are secure sites, often using this prescript, which is encrypted. If something is encrypted, it means that the data, usually in plain text, is converted into codes. Encryption is an excellent process of preventing hackers from accessing personal information in a home or office computer through intercepting "keylogging" or "keystroke logging," the process of keying in passwords on a website.

· TANs: Most online banks take customer's security to another level with transaction numbers, or TANS. This method is the most popular among online banks. These TANs are passwords that are intended for a single session only. Prominent banks using this strategy include the Deutsche Bank, the Philippine National Bank, and the Asian Development Bank (ADB).

· Security Tokens: Some banks issue security tokens to the customers. These tokens dynamically change the numbers customers need to enter for each transaction. Online banks using this method include the Bank of Ireland, the Commonwealth Bank of Australia, the National Bank of Dubai, the Bank of Queensland and the Montgomery Bank.

· IC Cards (Integrated Circuit Cards): Also known as chip cards or smart cards, IC cards are another method popular among online banks throughout the world. Chip cards are unique to each customer. They provide an easy means to conduct business transactions in a standard, secure manner with minimal human intervention. Usually, Chip cards contain encrypted digital certificates along with other important information about the holder. Combined with biometrics, chip cards provide an authentication system with two to three factors. The Industrial and Commercial Bank of China (ICBC), the Hong Kong and Shanghai Banking Corporation (HSBC), the Qatar National Bank, the Royal Bank of Canada (RBC), the Standard Bank, and the Barclays Bank use the chip card system.

· Digital Certificates: Another method of ensuring online banking security is with digital certificates. These virtual certificates allow you to digitally authenticate your transactions by connecting them to a physical device such as a personal computer and a mobile phone. Digital certificates are being used in many giant banking corporations such as the Barclays, HSBC, the China Merchants Bank, the Bank of Montreal, the Bank of the West and many others.

Online banks or Internet banks have their security policies and procedures posted on their sites prominently. You can browse through them before choosing which bank to trust. If you have further questions about their methods, send them a message and they will respond to it appropriately.



By Alyssa Medrano
Want to read more of this article? You can read more tips on Online Banking Security, plus other Online Banking Tips only at http://onlinebankpro.com/

Thursday, September 3, 2009

Royal Bank of Canada Online Banking

Canada is well- known to be one of the world's leading countries when it comes to banking and finance industries. This sector in Canada plays an important role in their economy and likewise also upsurges some of the other countries' economies. Canadian banks continue to upsurge though the world economic situation is coming to its worst. These banks can still mange to operate the industry despite an aloof economy. This enlightening move is brought about by the rapid advancement of technology. The Internet comes hand in hand with these banks in creating a shield to battle out the financial stance.

One of Canada's top banks is the Royal Bank of Canada. The Royal Bank of Canada online banking system has emerged from a widespread competition with other giant banking institutions. Creating an edge, the Royal Bank of Canada brilliantly initiated the online banking systems which enable investors to do transactions over the internet. And adding up to this great feature, the Royal Bank of Canada online banking offers interest rates which are highly competitive and more likely amenable to consumers. This is one strategy for the Royal bank of Canada to uphold their investors. They do not look on the darker side of the current financial situation. Rather, they pursue to amplify the demands of consumers to keep the banking business running in shape.

The Royal Bank of Canada online banking has established its won website where clients and investors can make deals. This system has proven a cost effective approach to banking. The Royal Bank of Canada continues to invest and allot supplemental budget for technological advancements for their online banking feature. This enables and encourages more and more customers to engage in online banking considering the convenience and secured way of saving money. Responding to the infinite demands of customers who have experienced the convenience of online banking, the Royal Bank of Canada constantly updates clients and upgrades its systems accordingly. Due to the heightened competition even on online banking business, the Royal Bank of Canada online banking has a sturdy financial structure.

Online banking is taking a big leap in the industry of finance and banking along side with the up surging technological developments mainly the Internet. Not only that the Royal Bank of Canada offers high interest rates specifically for the "rainy days," the bank also offers different bank accounts which you feel you can seek help from to when the economic hurricane hits you. The online banking system of Royal Bank of Canada also has customer service representatives which are always available online for inquiries, suggestions and support.

With such a system, one will be able to monitor his or her accounts closely even during the unlikeliest time of the day. The Royal Canada online banking is taking one step closer to invading the international scene with its branches extending strategically over the continents of Europe and Asia and even the United States. The Royal Bank of Canada online banking system truly represents a confidant's shoulder in times of financial instability.



By : Ian Parks
To learn much more about Savings Accounts and your options, visit http://savingsaccountbuzz.com where you'll find this and much more, including information about a Money Market Savings Account

Tuesday, August 25, 2009

What Is So Great About Online Banking

All of us, whether we like it or not, have to manage our finances. These days, many people opt for online banking as their preferred method of handling their bank accounts. But what makes online banking so attractive to so many people? Here are a few of the advantages that make online banking such a hit.

Some people have a fear of online banking, wondering how the banks manage to keep Internet pirates from grabbing access codes and making off with the money. Financial institutions in particular have a number of checkpoints that make it virtually impossible for someone to grab your credentials. In fact, your bank accounts are probably safer today since the advent of online banking than they were just twenty years ago.

Perhaps the single most attractive feature of online banking is the fact that you can access your accounts any time of the day or night. This feature allows you to check on available balances any time you like. You can know if a check or some other sort of debit has cleared your account, see if any pending deposits have been posted, and verify your balance at a time that is convenient for you. As an added bonus, you can transfer funds from one account to another, with the greatest of ease.

Many online banking packages also have a package you may use to create and mail checks directly from your account, rather than you having to do the checks manually. Basically, you establish a profile on each of the vendors you wish to pay with an electronic check. When you are ready to do your monthly bills, you simply log into your account, pull up the information on the vendor, and authorize a payment in the amount you wish. The check is printed and mailed on your behalf. Many people find the process takes them a fraction of the time it takes to write out a check by hand, address an envelope, lick a stamp, and then mail the payment.

Online banking also encompasses the ability to set up recurring payments. It is possible to establish electronic transfers from your account directly to your vendors each month. This process allows you to not even have to worry about whether or not the phone bill has been received and paid. Of course, you can change the status of a recurring payment any time you wish, and online banking systems always allow you to see what recurring payments have been processed in your current billing cycle.

Online banking can be a great help to anyone who would rather spend time in ways other than standing in line at the bank, or arranging your schedule to accommodate the hours that a bank is open. If you do not currently utilize online banking, contact your financial institution today. You may be surprised in the many ways online banking will make your life easier.




By : Craig Thornburrow
Craig Thornburrow is an acknowledged expert in his field. You can get more free advice on online banking and Barclays online banking services at http://www.onlinebankingadvice.com

Tuesday, August 18, 2009

Online Banking - Are You Banking Online Yet?

Online banking allows you to conduct all of your financial affairs without the fuss and inconvenience of the high street. With online banking you have virtually all the functions of checking, savings and credit accounts under one roof with none of the delay. Now there's absolutely no reason to go to the bank in person anymore. With just a cell phone and an internet connection, there's little reason to leave your home for anything at all, including a trip to the bank where you'll have to queue for an unreasonable period to do what you could easily do in the comfort of your own home. With online banking you can pay all of your bills right away and save on postage.

Just about every major banking chain provides at least some basic online banking functions. Every bank today, of course, has its own website, and just by registering on their site you can access at least some of the basic functions of any accounts you have with them. If your bank doesn’t have a website, well, maybe you should think about finding one that does. Another compelling reason to use online banking is because a lot of the larger banks charge all kinds of hidden fees just for using a live teller, therefore, online banking is a great way to cut costs too.

Today, there are also a number of banks that operate solely by way of online banking. At first I was a little skeptical when my brother suggested I try one of these ‘virtual banks’. Indeed, the name of the bank I went with is called Virtual Bank. I’m sure they had their reasons for choosing the name, however, it really doesn’t inspire a great deal of confidence. I thought, "Am I going to deposit some real money only to get a virtual return?" I don’t think my landlord would understand if I sent him some virtual dollars to pay my rent, and I’m certain my stomach wouldn’t be fooled by a digital cheeseburger.

Well, as it turns out these banks have certainly capitalized on the online banking concept, and so represent a pretty good deal. Since they have eliminated the overhead costs of tellers and UHM banks, they are able to offer some of the highest interest rates available on your deposits. So long as you look into them beforehand and make sure they are FDIC insured, these online banks are a good alternative for savings accounts.

Nowadays I do all my banking online, and only find myself going to the bank in person whenever I need to exchange any currency. It’s pretty clear to me that online banking can only increase in popularity.



By : Willard West
Online Banking - Are You Banking Online Yet? Online banking allows you to conduct all of your financial affairs without the fuss and inconvenience of the high street. With online banking you have virtually all the functions of checking, savings and credit accounts under one roof with none of the delay. So are they worth it? In a word, yes! Read on to discover more.

Sunday, August 9, 2009

Is Your Money Safe With Online Banking?

The total number of people who turn to the Internet for private banking isn't growing; but those who are already hooked on the service are using it more than they would the regular bank.

A research firm, which interviewed 1,000 American adults for the study, found that many consumers were anxious that their personal data could either be stolen by hackers or sold to 3rd parties by the banks. Nearly 83 % of those who conduct banking online report such concerns, while 73 % of respondents said private data stealing are a problem that holds them back.

The percentage of Americans who carry out personal banking actions online has stagnated at 39 percent in the 12-month period ending August 2005, Ipsos Insight said in a study released not long ago.

Additional information learned throughout this study shows that 88.4% of the Americans refusing to use online banking did not know that far more sensitive and private data is compromised constantly through the use of Microsoft software products, while 94.5% of those who choose to bank online were already aware of that, and 41.3% of that number had resorted to fairly drastic methods in the search for overcoming that particular problem.

The funny thing about this is that the weakest link in the chain sits on the user's desktop. No banking system online can not take away that risk.

Online Banking is a secure way to handle your money but you must to be on your guard against internet fraud. Make sure you follow this advice to bank safely online:
Ignore emails who claim to be from your bank that ask for your online details. They ask you to click on a link to a web site and enter your security data.
Con emails have a link that opens a false window over the real banks web site. Do not reveal any of your private or security information. Always check the validity of the banks web site by checking its security certificate, which you can do by clicking on the padlock icon on your browser.

Have you received an email asking for your internet banking details? Often bank customers receive fake emails asking them to confirm information such as Internet banking or Telephone banking User IDs, Passwords and Memorable Information. These are not valid emails.
If you receive such an email, please do not click on any link contained within it or provide any Internet banking or Telephone banking log on details as your bank would never send emails asking for this information.



By : Finn Jensen
Huge amount of online banking quality information at this site – Go there! http://www.onlinebanking.infostairs.com

Wednesday, July 29, 2009

Online Banking Services - 4 Great Reasons to Use Them

In this modern day of technology, more and more things are becoming computerized, and your banking is no exception. While in recent years you had to go to a bank to deal with your bank account and various other related activities, now days most banks actually provide their customers with online banking services, which takes banking to a whole new level. Now you may be wondering if banking online is really such a great choice, but the following are four really great reasons that you may never want to go back to banking the way it was before you could bank online.

1. Kiss Overdrafts Goodbye - Most people have at some point forgot about something and managed to overdraw their account, resulting in a few fees. With online banking, you can actually avoid those overdraft charges, since you will be able to easily keep track of your account online. If you have accounting software, you can even set that up to work with your online banking account as well.

2. Avoiding Identity Fraud - Although many people seem to think that banking online may actually make them vulnerable to identity fraud, the opposite is actually true. Banks have worked to provide their customers with the best security available, so you can rest assured that your banking and personal information is safe and secure. Using the online bill pay function will also cut down the amount of checks you write, so you will no longer have to send out checks with your personal and banking information through the mail.

3. Saving the Environment - Whether you are an environmental activist or not, no doubt you do want to avoid doing things that will harm the environment. Using online banking services is a great way to help save the environment. You will no longer have to get all those paper statements in the mail, which will save a huge amount of paper, and you will not have to worry about a filing cabinet for your statements either.

4. You Can Bank at Any Time - One of the best reasons to have online banking is that it allows you to do your banking at any time of day, on any day. Instead of having to worry about making it to the bank while they are open, you can access your online account at any time, which is extremely convenient.

As you can see, there are a variety of great reasons to start using online banking services. You can save time, money, the environment, and even start protecting yourself from identity fraud as well. So, why not give this new technology a try and see how it can positively change your life.




By : Linda J Bruton
To learn more about online banking services and how they can greatly simplify your life, make paying your bills a lot faster and your record-keeping easier, be sure to visit http://www.services-online-banking.com

Monday, July 20, 2009

Online Banking Pros and Cons

Like most people, you have probably heard a lot about online banking. Most of the major banks are offering the convenience of banking online. If you have not tried online banking you are probably still banking the old way - paying your bills by mail and going to your local bank branch to make deposits. You may look online for information regarding a mortgage, life insurance, or a personal loan, but when it comes time to make a move, you feel more comfortable dealing with an actual person - a banking associate or your insurance agent.

Why Use Online Banking

For years the banking systems have used computer networks to automate their daily transactions; improving with the changing times. Today, advanced technology gives you the option of bypassing the traditional banking - standing in lines, filling out deposit slips, going to your branch to withdraw money, and so on. Online banking allows you to manage your finances quickly and more efficiently.

Banks view the online option as an added value to attract new customers and retain the old ones. This method of banking helps to keep costs down by eliminating the paper trail and teller transactions associated with traditional banking.

How safe it is to bank online?

The banking industry is faced with the challenge of designing a system that is customer friendly and secure. They take every available precaution to ensure your transactions are secure.

To attract customers and lead them to online banking, many institutions offer added values such as free checking or "limited time offers," for signing up and using online services. Many of the larger banks offer fully function online banking enabling you to view your account balance and history as well as apply for loans, work with your IRA and CD's right from your desktop.

Advantages of banking online

  • Convenience: Your online bank never closes; you have access to your account 24 hours a day, seven days a week.
  • Availability: If you're out of state or out of the country, you can instantly log on to your online bank and take care of business, 24/7.
  • Quick Transactions: Online bank sites generally execute and confirm transactions at or quicker than ATM processing speeds.
  • Efficiency: You can access and manage all of your bank accounts, including IRAs, CDs, even securities, from one site.
  • Effectiveness: Many online banking sites now offer sophisticated tools, including account aggregation, rate alerts, stock quotes, and portfolio managing programs to help you manage your assets more effectively. They are often compatible with programs such as Microsoft Money or Quicken.

Disadvantages of online banking

  • Start-up time: In many cases, you will have to go to a branch and provide identification before registering online.
  • Learning curve: At first glance, banking sites can appear difficult to navigate at first. Most often tutorials to help you through this process. Once you have learned how the system works, you can complete your banking in minutes.
  • The trust factor: This is a big mountain to climb for most people. Learning to trust the online banking system just takes some getting used to. Did I push the transfer button once? Did my transaction go through?

Some welcome the change; others are still a bit hesitant. As with anything the deviates from the norm, it takes some getting used to. Once you are familiar with the process, you will wonder how you ever lived without it.




By : Jason Karp
For more information on sending money or money transfer both within the United States and abroad visit Send Money

Saturday, July 11, 2009

Online Banking And Cost Cutting

Online banking uses modern computer technologies to offer the users convenient banking facilities. If you have access to such a facility, there is absolutely no need for you to personally visit your bank’s branch for any sort of transaction. You can simply login with the internet-banking password that your banker has given you, and carry all the necessary work online. It also eliminates the necessity of doing any paper-based work and saves considerable time for the users.

Benefits for the Users and Bankers:

The users can do variety of work using your online banking pin code. Besides paying the routine bills online, you can use the automated system to shop for loans, credit cards, life insurance policies and various such things. An online banking facility enables you to handle your finances efficiently.

The bankers benefit equally from the online banking facilities. Besides offering their users the convenience of banking, the online banking system means significant cost savings for the bankers themselves. With such an automatic system in place, the bankers need not to hire employees specialized in handling paper work and teller interactions. This reduces the bankers’ operating costs considerably, translating into significant cost savings over the long-term.

In today’s competitive banking industry where every banking institution wants to garner a competitive edge over its peers, offering advanced online banking systems is a must. Mostly all the major nationalized banks, regional banks, and even small credit union offer banking facility online to retain their customers.

Today, most large national banks, many regional banks and even smaller banks and credit unions offer some form of online banking, variously known as PC banking, home banking, electronic banking or Internet banking.

Various Advantages of Banking Online:

The biggest advantage of online banking is its convenience. Unlike a bank’s branches, online banking facilities are open 24/7. This offers you banking from the comfort of your home with just a click. You can access such a facility from anywhere in the world. This could be great advantage if you need to address urgent monetary concerns while away from home. Transactions online are fast and mostly quicker than ATM transactions. Moreover, online banking systems have sophisticated tools that provide effective management of the users’ assets.

Obtaining an Internet banking ID can however be a little time taking. You will need to complete formalities such as cresting the ID and filling an online application form for obtaining your Internet banking pin code. Moreover, if you wish to operate an account jointly with your spouse, you will be required to sign power of attorney for initiating the operation. Always remember to obtain a printed receipt after every online transaction and store in your records.


By : Alexander Gordon
Alexander Gordon is a writer for http://www.smallbusinessconsulting.com - The Small Business Consulting Community. Sign-up for the free success steps newsletter and get our booklet valued at $24.95 for free as a special bonus. The newsletter provides daily strategies on starting and significantly growing a business.

Business Owners all across the country are joining "The Community of Small Business Owners” to receive and provide strategies, insight, tips, support and more on starting, managing, growing, and selling their businesses. As a member, you will have access to true Millionaire Business Owners who will provide strategies and tips from their real-life experiences.

Friday, July 3, 2009

An Examination of Online Banking in the United Kingdom

In the UK, many banks and building societies are attempting to capture a sizeable percentage of the online banking market share. And it seems that the UK consumers are benefiting from this competition most. Online banking in the UK is getting big; there is no doubt about it: 6.5 million consumers are online banking customers. And that figure is projected to rise every year--not because of bank closures--because of the ease that online banking offers. Everyone can say that it is easy and some people may still be dubious about that. But to anyone who is an online banking customer, they will know just how easy and simple it is.

Before choosing an online bank to open an account study carefully what services the bank allows you to do online. Also check the accessibility of talking to a live person. Make sure the banks internet site allow you send secure emails.

The UK, like any other country, has banks on every street corner. And these banks try to lure new customers in with big bright signs: "apply now and get a 6.9% APR rate on your card!" When you are on the Internet, these banks take the same approach. On their websites, there are banners that banks use for advertising space because they recognize that so many people are using online banking; and that they need to emphasize their competitive advantages to draw customers over the Internet.

Some major U.K. banks have opened independent online banks such as Abbey National with www.cahoot.com. There is also www.smile.co.uk the online bank of The Co-operative Bank. Despite all of the advantages to online banking in the UK, not everything is perfect. One in twenty consumers will fall victim to online fraud; and when they do, it will cost them big time. The UK's fraud cost last year was £58 million ($101 million), which is quite scary for consumers looking to join an online bank. To be honest, it is safer to use a brick-and-mortar bank; however, in order to keep this safety net, you must sacrifice convenience and flexibility.

If you decide to open an online banking account but are apprehensive about the security issues, you should spend a considerable amount of time selecting a unique and hard-to-crack password; and in addition to this, you should also use other values for your optional information that is hard to determine.

Other Online Internet Banking Security Tips:

- Make sure your operating systems OS and browsers is updated with the latest upgrades (patches).

- Use an anti-virus and anti-spyware programs update them and scan your pc at least once a week.

- Install a personal firewall and learn to use it.

-Always close your browser window after online banking and delete cookies.

- Change your passwords once a month.

- Never reply to emails asking for you to update your password or give your password. The online banks will never ask for your password.

- Always type in the browser address bar the online banking url. Do not click on a link especially in an email as this may take you to a scammer’s page.

- Never bank online from an internet café.



By : Daisy Pascual
Daisy Pascual writes about online banking for financial publications worldwide and in particular for http://www.offshoreincorporation101.com

Monday, June 29, 2009

Online Banking - History Still in the Making?

A very famous cash management tool that banks now use is their online banking access. Some call it internet banking, online banking or other catchy names but basically, it allows clients of banks to access their account online, view their balance, check the history of their account, pay bills, transfer funds and other actions previously available only if you physically visit a branch of your bank. Online banking saves time, effort, gas, parking fees and it lets you avoid traffic rush hours. More and more banks are now moving towards having this tool and it is gaining popularity faster than the earlier version of a similar tool, which was telephone banking. But how did internet banking start? Here is a brief online banking history.

It is believed that online banking began in 1995. It was October 6 and Presidential Savings Bank offered an alternative to the usual branch banking by offering an online access of bank services. This opened the gates for banks solely existing in the internet and allowed other physical banks to join in. Nowadays, it is rare to see huge banks that offer no online banking services as more and more people get connected to the web. There are also more and more banks that advertise on the web and there are now a huge number of web domains owned by banks. This is basically the start of the online banking history.

Today, 30 banks in the US exist only in cyberspace and their depositors grow exponentially due to the fact that they are virtually accessible 24/7 and they are hassle free. There are several types of people who avail of online banking services. There are those that see it as a toll that they can use but do not really explore what else they can do with it aside from balance checking and bills payments. For other transactions, they would rather go straight to the source. Then, there are those that are avid internet users, mostly those that make a living or spend half of their day connected to the web. These are actually so dependent on online banking that if a bank does not offer this service, they won't even consider that bank.

It has now been a decade and three years since the birth of online banking and research shows that it is 100 more cost efficient for banks to run on cyberspace than to have the actual teller to process transactions. However, a pit fall here is that not all Americans are ready for this sort of thing. Some would rather have a face to face interaction with tellers as trust is till a big issue, especially when it comes to money (although online banking virtually destroys human error). Also, research indicate that although phone banking is slowly losing popularity, it is still the number one go-to when clients are at a lost.

Online banking history is still in the making. More and more advances are being made each day on this field and with that being said, let us expect more on internet banking.



By : Julian Davidson
Julian Davidson is a banking specialist and has written many bank related articles to help people save money and avoid the traps.Learn about one of the best online banks RBC Online Banking or to learn about other online banks visit http://www.onlinebankingmart.com/ - A popular banking website that provides you with inside information on all the major banks.

Thursday, June 25, 2009

E-banking (Online Banking) and Its role in Today's Society

The world is changing at a staggering rate and technology is considered to be the key driver for these changes around us (Papers4you.com, 2006). An analysis of technology and its uses show that it has permeated in almost every aspect of our life. According to Tero et al (2004) many activities are handled electronically due the acceptance of information technology at home as well as at workplace. Internet can be seen as a truly global phenomenon that has made time and distance irrelevant to many transactions. According to Heikki et al. (2002), the transformation from the traditional banking towards e-banking has been a ‘leap’ change.

The evolution of electronic banking started from the use of automatic teller machines (ATM) and has passed through telephone banking, direct bill payment, electronic fund transfer and the revolutionary online banking (Alter, 2002). The future of electronic banking according to some is the acceptance of WAP enabled banking and interactive-TV banking (Petrus & Nelson, 2006). But it has been forecasted that among all the categories, online banking is the future of electronic financial transactions. The rise in the e-commerce and the use of internet in its facilitation along with the enhanced online security of transactions and sensitive information has been the core reasons for the penetration of online banking in everyday life (Papers4you.com, 2006). According to the latest official figures from the Office of National Statistics (ONS, 2006) indicate that subscriptions to the internet has grown more than 50% from 15 million in 2000 to 35 million in 2005 in the UK. It has also been estimated that 60% of the population in the UK use internet in their daily lives.

The fundamental shift towards the involvement of the customer in the financial service provision with the help of technology especially internet has helped in reduce costs of financial institutions as well as helped client to use the service at anytime and from virtually anywhere with access to an internet connection. According to theorists (Walfried et al., 2005) customer evaluation of the electronic services is influenced by attributions of success and failure in inter personal service situations.

The use of electronic banking has removed the banking personnel that facilitate the transactions and has placed additional responsibilities on the customers to transact with the service. Although the use of E-banking is provided for the benefit of the customers but these changes require increased work or involvement on the part of customers. These and other factors might be seen as lesser service provided in terms of customer service. But these assumptions would be wrong if the customer knows the value of using the electronic service.

Thus it can be concluded that a fit between task i.e. the banking; technology i.e. the user interface and its reliability; and individuals i.e. the customers and their knowledge about using the service, is the key to successful E-banking services (Zigurs & Buckland, 1998).

References:

Alter, S. (2002), “Information Systems” 4th Edition, Prentice Hall

Heikki Karjaluoto, Minna Mattila, Tapio Pento (2002), “Factors underlying attitude formation towards online banking in Finland”, International Journal of Bank Marketing; Volume: 20 Issue: 6; 2002 Research paper

ONS (2005), “Office of National Statistics”, www.statistics.gov.uk

Papers For You (2006) "C/B/93. Dissertation. Will online business replace the traditional business in the banking industry in UK?", Available from http://www.coursework4you.co.uk/sprtfina35.htm [17/06/2006]

Papers For You (2006) "P/F/174. Dissertation. Adoption of Online Banking", Available from http://www.coursework4you.co.uk/sprtfina35.htm [18/06/2006]

Petrus Guriting, Nelson Oly Ndubisi (2006), “Borneo online banking: evaluating customer perceptions and behavioural intention”, Management Research News; Volume: 29 Issue: 1/2; 2006 Conceptual Paper

Tero Pikkarainen, Kari Pikkarainen, Heikki Karjaluoto, Seppo Pahnila (2004), “Consumer acceptance of online banking: an extension of the technology acceptance model”, Internet Research; Volume: 14 Issue: 3; 2004 Research paper

Walfried M. Lassar, Chris Manolis, Sharon S. Lassar (2005), “The relationship between consumer innovativeness, personal characteristics, and online banking adoption”, International Journal of Bank Marketing; Volume: 23 Issue: 2; 2005 Research paper

Zigurs, I. & Buckland, B. (1998), “A Theory of Task/Technology Fit and Group Support Systems Effectiveness”, MIS Quarterly, Sep98, Vol. 22 Issue 3, p313-334, 22p



By : Verena Veneeva
Copyright 2006 Verena Veneeva. Professional Writer working for http://www.coursework4you.co.uk

Monday, June 22, 2009

Advantages and Issues of Concern With Online Banking

Statistics show that there are hundreds of millions of people use online banking, one of the fastest and most efficient ways to manage your finances. Online banking eliminates the long hours and wasted time while queuing at the bank. Paying bills and taking care of any other financial matters, such as monthly payments or money withdraws is now easier than ever. Although online banking is not very old, as it only became popular in 2000, the attractiveness of this banking method placed it on an ascending trend that doesn’t seem to slow down at all.

In fact, millions of people are switching to online banking each year, as the services and products become more attractive, cheaper and more secure. The early history of online banking only offered customers little control over their accounts. Today however, a few clicks of the mouse will enable you to transfer money, pay bills and change direct debit. Moving money in and out of the account is easier than ever and standing orders can be created in a flash. Most financial analysts believe that online banking is the method that most of us will use in the near future. More and more banks are developing virtual offices for their customers and some are even creating virtual help desk personnel and clerks to greet their online visitors.

Advantages and issues of concern with online banking

Online banking offers several advantages over traditional banking. Better rates of interest, for example, are generally offered by most banks that are hoping to attract more clients to their online systems. Better interest rates on credit cards and savings account are common with online banking and the utopist 0% credit card rate was first offered through online banks. Existing accounts also receive better rates and today four of the five best-paying current accounts come from banks that operate primarily online. How come online banking is cheaper? Well, the main reason is that the overhead is reduced, since the institution is able to implement an automated system. Reduced need for renting space and hiring staff also helps transfer some of the costs of online banking to the clients, thus reducing interest rates and offering better deals.

Of course, the biggest fear with online banking regards security problems. A few well mediated stories of hackers emptying online bank accounts have set their roots in our minds, and we can’t seem to be able to replace unfounded fears with hard facts. The 128-bit encryption system used in online banking encrypts al data, before any transfer is made, so that the contents of any file are perfectly secure. Fraud guarantee is common with most good online banks, so even if a hacker manages to breach your account, your money is insured.



By : Roland Bleyer
Roland Bleyer runs the Credit World group of web sites. You can subscribe to our FREE monthly Credit Newsletter at: http://www.creditworldaustralia.com

Saturday, June 20, 2009

Should I Use Online Banking?

Before, if you still remember, I have talked about online saving account. Today, I will discuss about a quite similar thing which is online banking. Actually, it is quite a common trend nowadays to do banking activities online but for some countries like Malaysia (my home country), online banking is not been used widely. Maybe, the banking system there is not strongly developed yet. But, I expect online banking to be widely used in Malaysia in maybe 5 years time.

Okay, enough with some background of online banking in Malaysia. Let us talk about why we should or should not use online banking.

Advantages

From online banking, almost every transaction can be done from home. This is good as it saves a lot of our time. Now, we do not have to go down to a bank to do a transaction like transferring money from current to saving account. Before, this transaction only can be done at the bank since ATM machine cannot handle this.

By having online banking, we can monitor our account balance easily. This gives us more control over our budgeting plan (see this post about controlling main expenses). For example, I can now how many should I spend for the rest of the month by looking at the online statement. So, I don’t have to wait for monthly bank statement which sometimes will not be posted at all (I am currently using National Bank as my primary bank and have not received my bank statements for the last 2 months).

Disadvantages

Some banks charge online banking under service charge. For my National Bank online banking, they charge me about $1.00 a month although they said that I will not be charged as I am an international student (Damn! I hate National Bank).

And the biggest issue about online banking is security of your account. Since you are doing your transactions online, you information may be traced by other unwanted people. And by using your information like your online banking username and password, your money can be transferred away from your account in just a few seconds!

So, what am I trying to say here?

Basically, online banking is really useful in many ways but at the same time, the risk is sometimes quite high. So, do some research about your bank. You must know the level of security they offer for online banking. Ask your friends about their experience with the particular bank. And consider looking for other’s review online. For the New Zealand online banking system, I would say that Raboplus (operates under the Rabobank) and ASB are still the best. So, after all, the choice is yours. Make it wisely.




By : L. Lyme
The author is the owner of the Millionaire blog- http://i-want-to-be-a-millionaire.blogspot.com
His blog covers from personal financial matters, how to earn money from blogging and much more. Check it out!

Friday, June 19, 2009

The Benefits of Banking Online

How many drawers did you have to look through to find a bank statement the last time you needed one? Chances are you did not lay your hands on it as readily as you would have liked. If that is a familiar scenario in your home, help has arrived in the form of online banking. Even if you are among the most organized, online banking offers convenience you can’t beat.

Consider online banking with your credit union for instant organization and access to all of your account information. With online banking, information about deposits, payments, statements, and all transactions is immediately available with only a few key strokes 24 hours every day.

Use online banking to pay your bills, transfer money between accounts and monitor your spending. When you pay your bills online you will need to take 15-30 minutes to set up your vendors (lists of payees, addresses, account numbers, etc.) after that, it takes mere seconds to set up a bill payment. You can opt for automatic payments on a date of your choosing or you can point and click each month. Bills paid via online banking arrive at their destination in as few as two days. You don’t need stamps, envelopes or even a pen. Best of all, online banking compiles and allows you to access your payment history for every vendor on your payee list.

Not only will you save yourself the worry of searching for perpetually lost cancelled checks and bank statements you will also save a little money. Most credit unions offer online banking services and e-statements, etc. to their members at no cost with direct deposit or a qualifying account (usually as a benefit of a home equity loan or money market account).

Online banking is infinitely more convenient than waiting for your paper statement each month or even telephone banking. Your transactions are recorded in real time and you can see them as they occur. When you avail yourself of online banking services you are better able to track and monitor your spending. You may even find that it is easier to follow a budget and to avoid overdraft charges with online banking because you have a visual of your spending.

Worried about security? Don’t be, a great deal of technological thought and energy is being brought to the task of maintaining Internet safety. Your banking information is encrypted and there is no chance that third parties can peek in. There is ample evidence that consumers have become more comfortable with online financial transactions. For instance, check printing has seen a decline and online shopping has seen a substantial increase. Financial institutions support our increasing embrace of online banking because it streamlines transactions and costs a great deal less than paper based transactions. Credit Unions pass these savings on to their members.

Visit your local credit union online to take a free online banking tour and demo. You will be surprised to learn how pleasant paying your bills and managing your finances becomes with the convenience and accessibility of online banking. The money you will save is an added bonus.



By : Nicole Soltau
Nicole Soltau is the President and Founder of http://CreditUnionRate.com - The Leading Credit Union Directory Search, Find, Join.

Online Banking and Account Checking Online

The online banking or Internet banking are novel banking terms. The online or internet banking means performing transactions, payments etc. over the internet through a bank's secure website.

The account checking online is very important in online banking. One can have an access to all type of bank account online including savings account online and online merchant account.

The mickle of customers prefer online banking in dealing with their finances today. The online banking is very convenient and secure also. The different online users have different passwords. The number of frauds over online banking is very small, but the online banking can be insecure if users are careless, gullible or computer illiterate. The phishing is an increasingly popular criminal practice to gain access to a user's finances.

The major benefit of online banking is that one can check online banking account outside the bank hours and from anywhere where internet access is available. In most cases a web browser such as Internet explorer or mozilla firefox is utilized and any normal internet connection is suitable. An online bank does not require any special software or hardware. As the online banks have low costs compared to traditional banks, they can offer high interest rates. The online banking usually offers such features as electronic bill payment and the downloading of bank statements for import in a personal finance program.

The popularity of online banking is increasing day by day. The European countries including the Scandinavian countries, The Netherlands, Austria and Belgium, United States, Canada are offering online banking, today.



By : Sardool Sikandar
About Author: The author is the owner of the website cheking accounts, a perfect guide to online banking, offering the best tips on online banking and account checking online. For more info on account checking online, click: online banking.

The Banking Internet Basics

Traditional banking has always been a brick and mortar building where you go to deposit or withdraw money. However, the banking Internet sector has exploded in the past five years. You may not be aware of what banking Internet actually is, and it can be a bit confusing because it has so many names from online banking to PC banking as well as electronic banking and banking online.

With the popularity of the Internet and the power it gives people to take control of their lives, many traditional banks have created banking Internet web pages where customers could transfer money, set up bill payments recurring or otherwise, quickly check items that have cleared, and many other functions that can be accessed 24 hours per day 7 days a week. This banking Internet option has been very popular not only for customers who want to have some control over their account without having to go to the bank but for banks as well whose man hours have been freed up from performing simple tasks like balance inquiries, account transfers, and the like because the customer does it himself with banking Internet.

Banking Internet options also include virtual banks. This is the truest form of banking Internet simply because these banks only exist online. Banking Internet options have become popular because they save customers time and money, which is a very trendy combination. Banking Internet which only exist online means you will have to transfer your money to the new account or else mail a payment via check. Since the whole idea of banking Internet is to make banking as easy as possible, most banking Internet sites will allow you to make a transfer from a brick and mortar bank to the banking Internet site as often as you like with no charge or a small fee.

When you utilize banking Internet options you are able to access your account, move money, pay bills, and any number of things from any computer with Internet access worldwide. This is amazing and makes traveling a lot less stressful as well because with banking Internet you always know where your account stands.




By : Jay Moncliff
Jay Moncliff is the founder of http://www.become-your-own-banker.com a blog focusing on the banking resources and articles. This site provides detailed information on Banking. For more info visit his site: Banking

Online Banking

Banking has evolved from simple bookkeeping to electronic records, the use of technology have made the banking services from transactions to accessing the accounts even easier and convenient to consumers.

Online banking is the most convenient of all banking technologies, the use of personal computers to access the accounts and ATM cards for withdrawing money without the bank authorities’ approval are some of the few benefits of online banking.

A huge number of banks offer online banking services but some do not, small banks having a low consumer base will not offer this service, most probably the banks with multinational presence having international consumers will provide it. Consult your bank for the procedure of having an online banking account but for my knowledge, it will require an account application for reviewing your financial status and a good credit rating.

The technology used by banks for offering online banking services is far more advanced and robust, the consumers will be handed the account name or number and password and they can access their accounts from any computer.

The online banking services vary from one bank to another, probably the services include balance check, transfer money to other accounts, reviewing transactions, accessing records for cancelled checks or ordering new checks.

The most interesting benefit with online banking is electronic wire transfer between accounts of two different financial institutions. The banks provide facilities for paying your monthly bills online and you have the comfort of maintaining the electronic record of these payments. Another interesting advantage for online banking is direct deposit of your monthly payments from different sources all that is required is to have access for your account number and the payments will de deposited in matter of hours.

The disturbing fact for online banking is security of account holders which have compelled a many of them not to opt for this service, if the bank website is hosted on a secured server is well and good but due to the large presence of malicious hackers online, the personal information of account holders can be accessed by third parties without any difficulties.

Banks generally charge modest fees for these services but depending on your clean history of transactions and account balance the fees may be waived.

Online banking services are very cheap when compared to direct mail or postage.



By : Mohammed Aijaz
http://www.bankxp.com, an online banking forum dedicated to the discussion of international banking topics on loans,investment,credit,bank operations and all other banking issues.Free banking forum for banking discussion.