banking is offered by most banks and is usually very inexpensive
or even free. Online banking makes bill paying very easy. This is
very convenient if you pay several bills at a time. You can pay
all of your bills at once regardless of their due date. Then you
don't have to worry about mailing your payments out at different
times during the month. It's also a great tool for payment verification
and to monitor spending.
payments are made by check or electronic transfer. You should schedule
your payment at least 5 business days before the date it is due
to make sure that the company receives it in time. In addition,
there are several anti-fraud mechanisms to insure that your account
is secure and confidential. All of your account information is encrypted
and it's highly improbable that anyone would be able to decode your
information. There are also computer programs available for purchase
that can help you manage your funds such as Quicken, Check Free,
and Microsoft Money, for example.
may even want to consider opening an account with an online bank.
These banks can only be accessed through the internet. They are
cheaper than branch banks and charge fewer fees. One disadvantage
though is the ATM usage fee that other banks will probably charge
you open any bank account, be sure to investigate all of the bank
offers and inquire about any fees that you may be charged.
Banking: A Definition
Banking: Is It for You?
Wikipedia: Online Banking
Some financial institutions offer unique Internet banking services, for example
Personal financial management support, such as importing data into personal accounting software. Some online banking platforms support account aggregation to allow the customers to monitor all of their accounts in one place whether they are with their main bank or with other institutions.
Safe Internet Banking