Online Banking Tips

Finance, Home & Family
on April 4, 2012

Internet banking has created a financial revolution. You can now check your balance, pay a bill and resolve general inquiries from the comfort of your home or on the move. Online banking is still a relatively new concept to some people, however, and for others who already use it, they may not be maximizing the benefits of these services. Check out these tips, which will help you get the most from your online banking experience.

Don’t be afraid to shop around. While all the major banks are now likely to offer online banking, the extent of services available to customers can vary from one product to another. Before enrolling with a bank online, you should check out the services available to you. Most banks have a free demo service, where you can check out the look and feel of the site as well as the services that are available.

Bank safely. The Federal Deposit Insurance Corporation (FDIC) offers guidelines to consumers to ensure that their deposits are secure. This includes confirming that the site is genuine, that your personal information is safe and that you are aware of your consumer rights. The FDIC can also provide further guidance on where to go if you need additional help.

Take advantage of regular payments. Where you regularly pay bills or make transfers, take advantage of the automation offered by online banking to make this quick and easy. Set up your regular payees so that their details are held in the account. You can then make payments in the future with just a couple of clicks.

Check emails and communication. Most online banks post information updates on the home page or send emails to users. Make sure that you read these messages, as they may alert you to important changes to the site and its services. If necessary, keep a folder of important messages in your email account so that you can easily refer back in the event of a query.

Set up mobile banking where available. Many online banks are now also offering mobile applications, which allow users to access accounts from smartphones and tablet PCs. Mobile banking apps do not always offer the full range of services as the desktop-enabled sites, but these can still be a great way to check your balance and make payments on the move.