Bank of America List of Foreclosures
By [http://ezinearticles.com/?expert=Robert_Grazian]Robert Grazian
America is under constant discussion of recession, due to financial crises as well as because of current mortgage in America. Well, bank of America list of foreclosures is at high point found everywhere in America. You can easily find good real estate properties these days because bank of America list of foreclosure with them. You will find that government foreclosures are being too rampant everywhere in America these days. Anyone can easily purchase real estate properties from Bank of America list of foreclosure too rampant everywhere these days. Now, it is easy for everyone to purchase foreclosure houses in America due to bank of America. You will find number of different web sites having foreclosed homes. There are number of free web sites over internet, which will give you all information about foreclosed homes in America. With help of free web sites, it has turned up easy enough for everyone to purchase foreclosed properties. There are number of investors, who have invested their money with help of these free web sites.
Are you planning to invest your money in foreclosed properties? Well, if you want to purchase real estate property then, it is necessary for you to have knowledge about foreclosure houses. You can get all information about foreclosed houses from these free web sites. Now, question arises how would get information about bank of America list of foreclosures? Well, for that, you need to get good as well as having proper experienced real estate dealer, who can give you all information properly. You can get good and well experienced agent dealing with real estate property through internet. The agent should be very well known to ins as well as outs of the bank of America list of foreclosures.
Well, if you select good agent then, it is definite that he would be having all information about real estate foreclosed properties before what they get listed. Some of these brokers or agents do have such relationship with owners of houses, who are more nearer to the foreclosure. You can get all information as well as knowledge about the foreclosed house before what they come in the list. You can know properly before anyone can get hold over it. Well, keeping back your competitors will be helpful to you and it will give you first crack in purchasing property. You can easily get all information over internet about bank of America list of foreclosures. It turns up easy enough for investor in purchasing because of free web sites available.
Robert Grazian is an accomplished niche website developer and author.
To learn more about [http://www.hotforeclosuremarket.com/bank-of-america-list-of-foreclosures/]Bank of America list of foreclosures visit [http://www.hotforeclosuremarket.com/]Hot Forclosure Market for current articles and discussions.
Article Source: http://EzineArticles.com/?expert=Robert_Grazian http://EzineArticles.com/?Bank-of-America-List-of-Foreclosures&id=1253194
Sabtu, 16 Agustus 2008
Bank of America Online Banking
Bank of America Online Banking
By [http://ezinearticles.com/?expert=Dennis_Frank]Dennis Frank
Bank of America online banking is available to any customer who currently does business with the bank. Participation in the Bank of America online banking program is free and easy to set up.
One feature that sets the Bank of America online banking program apart from its competitors is the way it handles bill payments. You’d think a lot of data entry would be required, but that’s not the case. The program already knows the billing addresses of the most commonly used payees.
To set up a payee such as your electric company, start by accessing the built-in list of payees that the Bank of America online banking program maintains. The program already knows the names of the major players in the community and maintains the names and billing addresses that most customers are likely to use such as electric, cable, and utility companies, area department stores and local major financial institutions. Pick the payee from the list, enter your loan or account number and in seconds, that payee is set up.
If the payee does not exist in the list, you enter payee details one time, and you never have to deal with a payee again until there’s a change in address or other account details. When you have all your payees entered, they appear listed in alphabetical order. Next time you open the Bank of America online banking program to pay bills, you select the payee, enter the amount due and the day you want the payment to show up at the payee address.
Now here’s the cool part about the Bank of America online banking bill paying option. The money for the payment is not debited from your account until the payment arrives at the payee billing address. Most other bill paying options debit the money the day the payment is mailed not delivered, meaning the bank has 4 – 7 days to earn interest on your money! So in effect, you actually earn money by using the Bank of America online banking option.
Dennis Frank is an Internet Entrepreneur and Author of many fine websites such as [http://bank-now.net/]Bank-Now.net Please visit the website for more related articles and information about [http://bank-now.net]Bank of America Online Banking.
Article Source: http://EzineArticles.com/?expert=Dennis_Frank http://EzineArticles.com/?Bank-of-America-Online-Banking&id=218573
By [http://ezinearticles.com/?expert=Dennis_Frank]Dennis Frank
Bank of America online banking is available to any customer who currently does business with the bank. Participation in the Bank of America online banking program is free and easy to set up.
One feature that sets the Bank of America online banking program apart from its competitors is the way it handles bill payments. You’d think a lot of data entry would be required, but that’s not the case. The program already knows the billing addresses of the most commonly used payees.
To set up a payee such as your electric company, start by accessing the built-in list of payees that the Bank of America online banking program maintains. The program already knows the names of the major players in the community and maintains the names and billing addresses that most customers are likely to use such as electric, cable, and utility companies, area department stores and local major financial institutions. Pick the payee from the list, enter your loan or account number and in seconds, that payee is set up.
If the payee does not exist in the list, you enter payee details one time, and you never have to deal with a payee again until there’s a change in address or other account details. When you have all your payees entered, they appear listed in alphabetical order. Next time you open the Bank of America online banking program to pay bills, you select the payee, enter the amount due and the day you want the payment to show up at the payee address.
Now here’s the cool part about the Bank of America online banking bill paying option. The money for the payment is not debited from your account until the payment arrives at the payee billing address. Most other bill paying options debit the money the day the payment is mailed not delivered, meaning the bank has 4 – 7 days to earn interest on your money! So in effect, you actually earn money by using the Bank of America online banking option.
Dennis Frank is an Internet Entrepreneur and Author of many fine websites such as [http://bank-now.net/]Bank-Now.net Please visit the website for more related articles and information about [http://bank-now.net]Bank of America Online Banking.
Article Source: http://EzineArticles.com/?expert=Dennis_Frank http://EzineArticles.com/?Bank-of-America-Online-Banking&id=218573
Sabtu, 21 Juni 2008
Banking Smart
Banking SmartBy [http://ezinearticles.com/?expert=Jeff_Lakie]Jeff Lakie
Online banking has virtually become the normal way of banking for the younger generations of bank users. So has the debit card fast become an important part of a new generation.
Writing checks and paying bills are not the most fun a private citizen can have but knowing the process will be completed with no real reason for concern is a wonderful thing most people take for granted. Just another sign your bank is doing its job carefully and properly. However online banking makes that process so much easier for you. If you have forgotten to write the amount of a check in the registry you wont have to wait for the arrival of the bank statement in the mail to get your registry up to date. And it is far simpler to keep your checking account registry up to date and to the penny when you utilize online banking.
Some of the useful ways online banking helps you with your banking needs is the fact you can check the status of any loan you have in your name. Not only can you check the status of your account on a daily basis you can also utilize the bill paying online tools. As with most of the new technology if you never use it you wont know what you are missing. Once you delve into the ease and convenience of online banking and see the many uses you will have for it you will be amazed.
Keeping costs low while providing impeccable services to the public is the name of the game in any business. Staying current with the technology available is another smart business move. Online banking meshes the two and becomes a simple way to bank. Since websites are relatively simple to maintain the banking institute must agree the benefits of offering this service to customers far outweighs any expenses incurred.
Online banking is fast becoming the wave of the future so don't delay your attempt at surfing the web and creating a user name and password. These are secure websites so there is no reason to fear your information falling into the wrong hands. Online banking is as simple as clicking on your favorite website or playing the latest version of solitaire.
Jeff Lakie is the founder of [http://www.simple-internet-banking.info] Banking Resources a website providing information on [http://www.simple-online-banking.info] Banking
Article Source: http://EzineArticles.com/?expert=Jeff_Lakie http://EzineArticles.com/?Banking-Smart&id=74460
Online banking has virtually become the normal way of banking for the younger generations of bank users. So has the debit card fast become an important part of a new generation.
Writing checks and paying bills are not the most fun a private citizen can have but knowing the process will be completed with no real reason for concern is a wonderful thing most people take for granted. Just another sign your bank is doing its job carefully and properly. However online banking makes that process so much easier for you. If you have forgotten to write the amount of a check in the registry you wont have to wait for the arrival of the bank statement in the mail to get your registry up to date. And it is far simpler to keep your checking account registry up to date and to the penny when you utilize online banking.
Some of the useful ways online banking helps you with your banking needs is the fact you can check the status of any loan you have in your name. Not only can you check the status of your account on a daily basis you can also utilize the bill paying online tools. As with most of the new technology if you never use it you wont know what you are missing. Once you delve into the ease and convenience of online banking and see the many uses you will have for it you will be amazed.
Keeping costs low while providing impeccable services to the public is the name of the game in any business. Staying current with the technology available is another smart business move. Online banking meshes the two and becomes a simple way to bank. Since websites are relatively simple to maintain the banking institute must agree the benefits of offering this service to customers far outweighs any expenses incurred.
Online banking is fast becoming the wave of the future so don't delay your attempt at surfing the web and creating a user name and password. These are secure websites so there is no reason to fear your information falling into the wrong hands. Online banking is as simple as clicking on your favorite website or playing the latest version of solitaire.
Jeff Lakie is the founder of [http://www.simple-internet-banking.info] Banking Resources a website providing information on [http://www.simple-online-banking.info] Banking
Article Source: http://EzineArticles.com/?expert=Jeff_Lakie http://EzineArticles.com/?Banking-Smart&id=74460
Minggu, 15 Juni 2008
Internet Banking - What You Need To Know
Internet Banking - What You Need To Know
By [http://ezinearticles.com/?expert=Al_Falaq_Arsendatama]Al Falaq Arsendatama
Internet banking has brought revolutionary changes to the financial world. Now, it has become much easier for you to perform various financial transactions over the Internet right from the comfort and privacy of your home. With the rapid popularity of Internet banking, opening a bank account and performing various transactions are now just a click away. Now there is no need to stand in the queue in order to get a bank account opened.
Technical Requirement To Access Internet Banking
You will be happy to know that you do not need any special hardware or software installed on your computer in order to access Internet banking. All you need is a computer system with Internet access, and you are ready to go. You are given a login ID and password to access your bank account. In most cases, the login ID is either the bank account number, or credit card number or ATM cum Debit card number.
Features Of Internet banking
Some of the tremendous array of features that Internet banking has to offer includes the following:
• You can get the bank statement right in your email inbox. If you are a businessperson, the online bank statement can be very advantageous for you. For example, you can import the data of the bank statement in a personal finance software program such as Quicken or Microsoft Money.
• The facility of electronic fund transfer is a great plus with Internet banking. You can send money online from one account to another either in the same bank or in any different bank.
• You can even make payments for your various utility bills like electricity and telephone bills, from your online bank account.
• You can also use your online account to purchase or sell investment products, such as shares, mutual funds and much more.
• Using the Internet banking, you can comfortably apply for various loans.
• If you have more than one account in a bank, the Internet banking allows you to access the extensive details of all your bank accounts at one place.
However, if you want to keep your experience with the Internet banking safe and pleasant, it is important for you to keep your personal information private and secure, such as your login id, password etc. Again, you should also make sure that when you are through, you log out from your online bank account thoroughly.
Check out [http://www.banking-mall.com/everyday-online-banking.html]everyday online banking for convenient banking services from home. Interested in offshore banking? Learn advantages of having an [http://www.banking-mall.com/offshore-banking.html]offshore banking to keep your funds overseas. Check out also [http://www.banking-mall.com/]bank of America online where you can setup various accounts including credit cards, savings and checking accounts.
Article Source: http://EzineArticles.com/?expert=Al_Falaq_Arsendatama http://EzineArticles.com/?Internet-Banking---What-You-Need-To-Know&id=1123558
By [http://ezinearticles.com/?expert=Al_Falaq_Arsendatama]Al Falaq Arsendatama
Internet banking has brought revolutionary changes to the financial world. Now, it has become much easier for you to perform various financial transactions over the Internet right from the comfort and privacy of your home. With the rapid popularity of Internet banking, opening a bank account and performing various transactions are now just a click away. Now there is no need to stand in the queue in order to get a bank account opened.
Technical Requirement To Access Internet Banking
You will be happy to know that you do not need any special hardware or software installed on your computer in order to access Internet banking. All you need is a computer system with Internet access, and you are ready to go. You are given a login ID and password to access your bank account. In most cases, the login ID is either the bank account number, or credit card number or ATM cum Debit card number.
Features Of Internet banking
Some of the tremendous array of features that Internet banking has to offer includes the following:
• You can get the bank statement right in your email inbox. If you are a businessperson, the online bank statement can be very advantageous for you. For example, you can import the data of the bank statement in a personal finance software program such as Quicken or Microsoft Money.
• The facility of electronic fund transfer is a great plus with Internet banking. You can send money online from one account to another either in the same bank or in any different bank.
• You can even make payments for your various utility bills like electricity and telephone bills, from your online bank account.
• You can also use your online account to purchase or sell investment products, such as shares, mutual funds and much more.
• Using the Internet banking, you can comfortably apply for various loans.
• If you have more than one account in a bank, the Internet banking allows you to access the extensive details of all your bank accounts at one place.
However, if you want to keep your experience with the Internet banking safe and pleasant, it is important for you to keep your personal information private and secure, such as your login id, password etc. Again, you should also make sure that when you are through, you log out from your online bank account thoroughly.
Check out [http://www.banking-mall.com/everyday-online-banking.html]everyday online banking for convenient banking services from home. Interested in offshore banking? Learn advantages of having an [http://www.banking-mall.com/offshore-banking.html]offshore banking to keep your funds overseas. Check out also [http://www.banking-mall.com/]bank of America online where you can setup various accounts including credit cards, savings and checking accounts.
Article Source: http://EzineArticles.com/?expert=Al_Falaq_Arsendatama http://EzineArticles.com/?Internet-Banking---What-You-Need-To-Know&id=1123558
Should I Use Online Banking?
Should I Use Online Banking?
By [http://ezinearticles.com/?expert=L._Lyme]L. Lyme
Before, if you still remember, I have talked about online saving account. Today, I will discuss about a quite similar thing which is online banking. Actually, it is quite a common trend nowadays to do banking activities online but for some countries like Malaysia (my home country), online banking is not been used widely. Maybe, the banking system there is not strongly developed yet. But, I expect online banking to be widely used in Malaysia in maybe 5 years time.
Okay, enough with some background of online banking in Malaysia. Let us talk about why we should or should not use online banking.
Advantages
From online banking, almost every transaction can be done from home. This is good as it saves a lot of our time. Now, we do not have to go down to a bank to do a transaction like transferring money from current to saving account. Before, this transaction only can be done at the bank since ATM machine cannot handle this.
By having online banking, we can monitor our account balance easily. This gives us more control over our budgeting plan (see this post about controlling main expenses). For example, I can now how many should I spend for the rest of the month by looking at the online statement. So, I don’t have to wait for monthly bank statement which sometimes will not be posted at all (I am currently using National Bank as my primary bank and have not received my bank statements for the last 2 months).
Disadvantages
Some banks charge online banking under service charge. For my National Bank online banking, they charge me about $1.00 a month although they said that I will not be charged as I am an international student (Damn! I hate National Bank).
And the biggest issue about online banking is security of your account. Since you are doing your transactions online, you information may be traced by other unwanted people. And by using your information like your online banking username and password, your money can be transferred away from your account in just a few seconds!
So, what am I trying to say here?
Basically, online banking is really useful in many ways but at the same time, the risk is sometimes quite high. So, do some research about your bank. You must know the level of security they offer for online banking. Ask your friends about their experience with the particular bank. And consider looking for other’s review online. For the New Zealand online banking system, I would say that Raboplus (operates under the Rabobank) and ASB are still the best. So, after all, the choice is yours. Make it wisely.
The author is the owner of the Millionaire blog- http://i-want-to-be-a-millionaire.blogspot.com
His blog covers from personal financial matters, how to earn money from blogging and much more. Check it out!
Article Source: http://EzineArticles.com/?expert=L._Lyme http://EzineArticles.com/?Should-I-Use-Online-Banking?&id=190649
By [http://ezinearticles.com/?expert=L._Lyme]L. Lyme
Before, if you still remember, I have talked about online saving account. Today, I will discuss about a quite similar thing which is online banking. Actually, it is quite a common trend nowadays to do banking activities online but for some countries like Malaysia (my home country), online banking is not been used widely. Maybe, the banking system there is not strongly developed yet. But, I expect online banking to be widely used in Malaysia in maybe 5 years time.
Okay, enough with some background of online banking in Malaysia. Let us talk about why we should or should not use online banking.
Advantages
From online banking, almost every transaction can be done from home. This is good as it saves a lot of our time. Now, we do not have to go down to a bank to do a transaction like transferring money from current to saving account. Before, this transaction only can be done at the bank since ATM machine cannot handle this.
By having online banking, we can monitor our account balance easily. This gives us more control over our budgeting plan (see this post about controlling main expenses). For example, I can now how many should I spend for the rest of the month by looking at the online statement. So, I don’t have to wait for monthly bank statement which sometimes will not be posted at all (I am currently using National Bank as my primary bank and have not received my bank statements for the last 2 months).
Disadvantages
Some banks charge online banking under service charge. For my National Bank online banking, they charge me about $1.00 a month although they said that I will not be charged as I am an international student (Damn! I hate National Bank).
And the biggest issue about online banking is security of your account. Since you are doing your transactions online, you information may be traced by other unwanted people. And by using your information like your online banking username and password, your money can be transferred away from your account in just a few seconds!
So, what am I trying to say here?
Basically, online banking is really useful in many ways but at the same time, the risk is sometimes quite high. So, do some research about your bank. You must know the level of security they offer for online banking. Ask your friends about their experience with the particular bank. And consider looking for other’s review online. For the New Zealand online banking system, I would say that Raboplus (operates under the Rabobank) and ASB are still the best. So, after all, the choice is yours. Make it wisely.
The author is the owner of the Millionaire blog- http://i-want-to-be-a-millionaire.blogspot.com
His blog covers from personal financial matters, how to earn money from blogging and much more. Check it out!
Article Source: http://EzineArticles.com/?expert=L._Lyme http://EzineArticles.com/?Should-I-Use-Online-Banking?&id=190649
The Advantages of Online Banking
The Advantages of Online Banking
By [http://ezinearticles.com/?expert=David_C_Skul]David C Skul
Going to a bank can take a lot of your time, considering the fact that banks have a fixed timetable and the most of the times you have to queue up because everybody seems to go there at the same time with you.
This is one of the reasons why more and more people get onto online banking. If you want to save more of your time as well as manage your finances in an easier way you should combine online banking with Microsoft® Money 2004.
Here we would like to present you the advantages of using Money 2004 and online banking. And they are not just a few, if we take into consideration the fact that the number of people who use online banking has exponentially raised from 0.4 million to 17.2 million, according to Mintel survey.
And this happened because with online banking:
A lot of your time will be saved because you don't have to visit a bank and wait in a long queue;
Online banking is more accessible because it gives you the opportunity to check your bank account at a time and a place that is favorable to you;
No matter the place where you are, as long if you have Internet access, you can take care of your finances through online banking service;
Online banking involves no difficulties in carrying out financial transactions, which are safe and secure;
Almost every financial institution offers you the possibility to see your latest transactions, transfer money to people or institutions, pay checks, apply for loans and arrange or change standing orders and direct debits.
At all these advantages of online banking, add the power of Money 2004, which provides you a range of instruments meant to help you control your finances. To simplify the process even more, you will receive a complete manual that guides you through the entire process of online banking step by step.
Money 2004 helps you in many ways to manage your capital online. Using online banking and Money 2004 you are able to get a financial SNAPSHOT of your bank and building society and savings. Also you can download online statements from your financial institution to your computer, find out which dealings have been carried out as soon as they were passed over successfully. Furthermore, online banking and Money 2004 allow you to double-check your entries automatically.
These are some of the reasons why you should get started with online banking. You can only win!
This article and one-way link advertisement provided by http://www.LinkAcquire.com David C Skul is writing very fine banking articles, made to show you the advantages and disadvantages of using today's banks. Also more information about banking and [http://www.bank-now.net]online banking you can find here.
Article Source: http://EzineArticles.com/?expert=David_C_Skul http://EzineArticles.com/?The-Advantages-of-Online-Banking&id=91670
By [http://ezinearticles.com/?expert=David_C_Skul]David C Skul
Going to a bank can take a lot of your time, considering the fact that banks have a fixed timetable and the most of the times you have to queue up because everybody seems to go there at the same time with you.
This is one of the reasons why more and more people get onto online banking. If you want to save more of your time as well as manage your finances in an easier way you should combine online banking with Microsoft® Money 2004.
Here we would like to present you the advantages of using Money 2004 and online banking. And they are not just a few, if we take into consideration the fact that the number of people who use online banking has exponentially raised from 0.4 million to 17.2 million, according to Mintel survey.
And this happened because with online banking:
A lot of your time will be saved because you don't have to visit a bank and wait in a long queue;
Online banking is more accessible because it gives you the opportunity to check your bank account at a time and a place that is favorable to you;
No matter the place where you are, as long if you have Internet access, you can take care of your finances through online banking service;
Online banking involves no difficulties in carrying out financial transactions, which are safe and secure;
Almost every financial institution offers you the possibility to see your latest transactions, transfer money to people or institutions, pay checks, apply for loans and arrange or change standing orders and direct debits.
At all these advantages of online banking, add the power of Money 2004, which provides you a range of instruments meant to help you control your finances. To simplify the process even more, you will receive a complete manual that guides you through the entire process of online banking step by step.
Money 2004 helps you in many ways to manage your capital online. Using online banking and Money 2004 you are able to get a financial SNAPSHOT of your bank and building society and savings. Also you can download online statements from your financial institution to your computer, find out which dealings have been carried out as soon as they were passed over successfully. Furthermore, online banking and Money 2004 allow you to double-check your entries automatically.
These are some of the reasons why you should get started with online banking. You can only win!
This article and one-way link advertisement provided by http://www.LinkAcquire.com David C Skul is writing very fine banking articles, made to show you the advantages and disadvantages of using today's banks. Also more information about banking and [http://www.bank-now.net]online banking you can find here.
Article Source: http://EzineArticles.com/?expert=David_C_Skul http://EzineArticles.com/?The-Advantages-of-Online-Banking&id=91670
Banking on the Internet Today
Banking on the Internet Today
By [http://ezinearticles.com/?expert=Dakota_Caudilla]Dakota Caudilla
Talking about conventional banking, you can already imagine the queue and long and tedious procedures. That was then. Now, most banks in developing and developed countries allow their customers to do their banking on the internet. Banking on the internet is extremely convenient and saves consumers a lot of time. One thing that we may have to concern ourselves with is the safety of banking on the internet. Internet banking replaces tedious tasks like writing and sending checks and personal banking-in of money through a teller or machine. Since we’re performing financial transactions on the internet, we have to make sure that the transactions are completely safe and secure. With the advancement of technology and internet banking infrastructure, most online banking websites are backed up with reliable and dependable systems that helps keep customers’ accounts and information away from prying eyes and malicious programs.
And of course, when you choose to do your banking on the internet, you’re looking at a bank that is open 24 hours a day, 7 days a week. This means, you can literally perform transactions through the internet banking website anytime and anywhere you want without the hassle of driving to the bank, finding a parking space, queuing up, waiting for your turn. Internet banking effectively transforms a task that usually takes about 1 hour into a 2 minute task!
Electronic Fund Transfers (EFT) depend a lot of a form of internet banking technology that utilizes stuff like codes, PINs (Personal Identification Numbers). In order to access your internet banking account, you are issued codes and PINs to help the internet banking system recognize and verify the authentication of the login. This helps protect your account. Some inbound funds transfer done through an internet banking website requires scans of signatures for the officer to verify your identification. However, this is not the case with ALL internet banking websites. The requirements depend a lot on the country that the internet banking website is located.
Through internet banking, you can also authorize or cancel direct debits or even authorize a direct withdrawal from your account for bills like insurance premiums, mortgages, and utility bills. The amazing thing is that you can view and verify these transactions all completely online so that you are notified if there’s something amiss with your internet banking account.
Some financial institutions back their internet banking facilities with a phone-banking system. If the internet banking facility is not for you, you can always pay bills or perform transactions through the phone. Interestingly, if you wish to have a card that ties in with your bank account, the bank will issue you a debit card. The debit card works very much like a credit card; except that you will need to have enough funds in your bank account in order to use the debit card. By logging in to the internet banking account, you can transfer funds from your savings or checking account to your debit card and use the debit card at merchant counters for your purchases.
In this busy and stressful modern world, internet banking seems to be the answer to our banking nightmares.
Dakota Caudilla, journalist, and website builder Dakota Caudilla lives in Texas. He is the owner and co-editor of http://www.the-smart-investor.net on which you will find a longer, more detailed version of this article.
Article Source: http://EzineArticles.com/?expert=Dakota_Caudilla http://EzineArticles.com/?Banking-on-the-Internet-Today&id=72794
By [http://ezinearticles.com/?expert=Dakota_Caudilla]Dakota Caudilla
Talking about conventional banking, you can already imagine the queue and long and tedious procedures. That was then. Now, most banks in developing and developed countries allow their customers to do their banking on the internet. Banking on the internet is extremely convenient and saves consumers a lot of time. One thing that we may have to concern ourselves with is the safety of banking on the internet. Internet banking replaces tedious tasks like writing and sending checks and personal banking-in of money through a teller or machine. Since we’re performing financial transactions on the internet, we have to make sure that the transactions are completely safe and secure. With the advancement of technology and internet banking infrastructure, most online banking websites are backed up with reliable and dependable systems that helps keep customers’ accounts and information away from prying eyes and malicious programs.
And of course, when you choose to do your banking on the internet, you’re looking at a bank that is open 24 hours a day, 7 days a week. This means, you can literally perform transactions through the internet banking website anytime and anywhere you want without the hassle of driving to the bank, finding a parking space, queuing up, waiting for your turn. Internet banking effectively transforms a task that usually takes about 1 hour into a 2 minute task!
Electronic Fund Transfers (EFT) depend a lot of a form of internet banking technology that utilizes stuff like codes, PINs (Personal Identification Numbers). In order to access your internet banking account, you are issued codes and PINs to help the internet banking system recognize and verify the authentication of the login. This helps protect your account. Some inbound funds transfer done through an internet banking website requires scans of signatures for the officer to verify your identification. However, this is not the case with ALL internet banking websites. The requirements depend a lot on the country that the internet banking website is located.
Through internet banking, you can also authorize or cancel direct debits or even authorize a direct withdrawal from your account for bills like insurance premiums, mortgages, and utility bills. The amazing thing is that you can view and verify these transactions all completely online so that you are notified if there’s something amiss with your internet banking account.
Some financial institutions back their internet banking facilities with a phone-banking system. If the internet banking facility is not for you, you can always pay bills or perform transactions through the phone. Interestingly, if you wish to have a card that ties in with your bank account, the bank will issue you a debit card. The debit card works very much like a credit card; except that you will need to have enough funds in your bank account in order to use the debit card. By logging in to the internet banking account, you can transfer funds from your savings or checking account to your debit card and use the debit card at merchant counters for your purchases.
In this busy and stressful modern world, internet banking seems to be the answer to our banking nightmares.
Dakota Caudilla, journalist, and website builder Dakota Caudilla lives in Texas. He is the owner and co-editor of http://www.the-smart-investor.net on which you will find a longer, more detailed version of this article.
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