Helpful Features of Online Banking

Make the switch to banking online and take advantage of useful features

07/22/2013

As the world of technology continues to advance and people’s schedules get busier and busier, having the option to bank online can be convenient, save you money and even help you be more organized with your finances. If you’ve been resisting banking online, here are some great features that might just change your mind.

According to the professionals from the website BankRate.com, “online banking isn’t out to change your money habits. Instead, it uses today’s computer technology to give you the option of bypassing the time-consuming, paper-based aspects of traditional banking in order to manage your finances more quickly and efficiently.”

Online banking gives customers a variety of advantages, including:


Convenience

Online banking doesn’t have open and closed hours – you can manage your finances 24/7 as long as you have Internet access.

Efficiency

All of your accounts can be managed from one secure site; this includes savings and checking accounts, your mortgage loan, CDs, and even securities. If you have trouble keeping your finances organized and paying your bills on time, you can utilize special tools that will make a world of difference. Some of these include:

Direct deposit

Never wait to cash your paycheck again. By signing up for direct deposit, your paycheck will automatically be deposited into your account by the company sending the money.

Automatic bill pay

Set up as many bills as you want on automatic bill pay and never sit down with a pen and checkbook again. You’ll be far less likely to miss a payment and incur late fees or spend money on postage. Of course, it’s important to regularly check your automatic payments to make sure they are all correct.

eStatements

Do yourself and the environment a favor by opting for only online eStatements. You can access your statements any time of day, and you’ll reduce the amount of paper in your files.

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