Online banking is the practice of making bank transactions or paying bills via the Internet. Thanks to technology, and the Internet in particular, we no longer have to leave the house. We can shop online, communicate online, and now, we can even do our banking online. Online banking allows us to make deposits, withdrawals and pay bills all with the click of a mouse. It doesn't get much more convenient than that.
For the online banking customer, the convenience factor rates high. No longer does a person have to wait for the bank statement to arrive in the mail to check account balances. One can check the balance every day just by logging onto one's account. In addition to checking balances and transactions, one can catch discrepancies in the account right away and deal with them swiftly. The best part is that this can be done anywhere! As long as one has Internet access, one can practice online banking.
Since bills are paid online, the necessity of writing checks, affixing postage and posting the payment in the mail is eliminated. Once the amount is entered and the payee is checked off, the funds are automatically deducted from the payer's choice of account.
Free Online Banking on wiseGEEK: Online banking, Web email accounts and online retailers are all examples of websites where you probably do not want automatic admittance.
Some banks waive ATM fees for students, while others may allow customers to pay all their bills online using their bank account.
Some banks waive ATM fees for students, while others may allow customers to pay all their bills online using their bank account.
The website is looking bit flashy and it catches the visitors eyes. Design is pretty simple and a good user friendly interface.
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