What One Can Do With Online Banking

With the powers of the Internet nowadays, there are many things that people can do without leaving the comforts of their homes. Some of these things include paying bills, shopping, and online banking. Almost every bank now offers online banking, allowing its customers to do their transactions from any computer connected to the Internet.

Online banking has several advantages. It saves bank customers not only time, but also money because online banking is usually free from miscellaneous fees or charges usually imposed upon when they go and transact through automatic teller machines (ATMs). With online banking, balance inquiries and bills payments are rendered free of charge.

Through online banking, a bank depositor enjoys the ease of automating his financial transactions as follows:

  • Bills Payment — A bank customer can arrange with his bank to automatically pay some of his bills through online banking. Many banks are offering this feature and some even offer freebies and discounts when their depositors apply with their online bills payment program. However, it is better that a depositor pay his bills online by himself  as funds become available.
  • Funds Transfer — Online banking allows customers to transfer money from their checking accounts to either their savings account or investment fund.
  • Updating Records — With online banking, you can easily update your financial records and balance your checkbook in just easy steps.
  • Bank From Anywhere — A bank depositor can even do the above when he is in another country as long as he has an Internet connection to his computer.

Question is can a bank customer do his online banking in an i-café? Sorry that for reason of security, it is not advisable for someone to do his online banking activities in an i-café. Maybe later when malwares and keyloggers are really no longer around the midst of an i-café.

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