Online Banking is the Access account information, review bills, pay bills, transfer funds
Apply for credit, mortgage or auto loans
Find out if a check has cleared
Compare rates and prices
24 hour access to your bank accounts
Benefits of Online Banking
For Banks:
1.Cuts payroll costs
2.Extends to new markets
3.Flexibility
4.Image of Company
For Consumers:
1. Saves time/Money
2. Flexible
3. Can log on from almost anywhere
4. Convenient
5. Transaction Speed
Security Tips for Consumers
DO:
1. Make sure that you are on the correct website
2. Make sure that you choose a password that will not easily be decoded
3. Check monthly checking and credit card statements carefully each month
4. Report errors or problems promptly
5. Be sure to “Log Out†of website when finished
DO NOT
1. Disclose personal information such as credit card or social security numbers unless you are 100% sure who you are dealing with
2. Have other browsers open while you are banking online
3. Download or open files that were sent from strangers because this could infect your computer and capture sensitive information without you even knowing.
Still Not Sure?
1. Most banks provide a “demo†on their website for new users to see what the online banking services provide
2. Start by using one service at a time
