Bank Online

Written by Sarah Provost
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The days of driving to the bank to deposit your paycheck or transfer between accounts are over. When you bank online, every service you need, with the exception of putting cash into your hand, can be handled over the Net. Whether you want to do your personal banking, or that of a small business or a large commercial entity, you can bank online for greater service and convenience.

Services Available When You Bank Online

Any service that can be provided by a brick-and-mortar bank can also be provided by online banking. That includes checking accounts, savings accounts, credit cards, mortgages, and all kinds of loans. You can also manage your investments online and set up IRA accounts.

Any reputable bank these days offers online banking, and the convenience to the consumer can't be overstated. However, there are some precautions that must be taken to assure the security of your account. It is crucial that you never give out your online password to anyone. Your ISP will never ask for your password, so don't be fooled by official-looking e-mails. Change your password frequently, use both letters and numbers, and don't choose a password that might be easily guessed, such as your address, telephone number or names of family members. Check your accounts frequently, and report any unusual transaction immediately. If you follow these simple guidelines, you can bank online with confidence.

Use the speed and convenience of online banking to compare rates and services among financial institutions. Once you've made your choice, you can set up all necessary accounts and instruments online. With direct deposit of your paycheck, the use of credit and debit cards and the ubiquity of ATMs, you could conceivably never step foot into an actual bank!

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