Frustrated with long teller lines and high fees? Banker's hours don't match your schedule? Then banking online may just be for you. Most financial institutions offer some form of online banking, and some offer incentives to earn your business. Some of the benefits of online banking are:
Should you be banking online?
Save Money: Using online banking services as a financial management tool can definitely save you money. The ability to watch your accounts and balances closely and instantly can save you from returned check and non-sufficient fund charges. Because you know your exact balances at any given time, you are in control of your finances - not the bank.
Save Time: Banking Online can also save you a lot of time. You can manage all your finances from your computer on your schedule -not on the bank's. Transfer funds, check account balances, even make bill payments. Like most of us, paying bills every month is probably the one financial chore that takes the most time and is the most unenjoyable. Too much time, too much pain, too many envelopes, checks, stamps.....Stop! Now paying bills has been simplified and can actually be relatively painless.
Using an online bill payment service can cut the time it takes to pay
bills down to minutes. Once you initially set up your bill payment service, you can fly through the bill paying
in no time. It can also save you hundreds of dollars every year -- no more stamps to buy, less checks are used
and reordered, and you can tell exactly when your payment will get to the payee and when it will be taken out of
your account. This management tool can all but eliminate late fees from payees and returned checks for insufficient