Archive for the ‘banking online’ Category

Online Banking Services – 4 Great Reasons to Use Them

Feb 4, 2010 banking online

Technology is winning the war, and it has even spread to banking. In the past going to the bank meant walking in and talking to the tellers. It took quite a bit of time, and sometimes people just didn’t want to leave their homes. Things have changed now, and almost all banks are providing online services. Which are light years ahead of the old methods. But is it the right choice for you? Well, chances are if you try it at least once, you’ll never want to go back to the regular way of banking.

1. Overdrafts are History – Overdrafts are very common in banking because it is sometimes very difficult to keep an eye on the funds. If you have online banking however it is so much simpler. The details of your account are available to you at any time, and if you happen to have accounting software you can interface it with your online banking system.

2. Avoiding Identity Fraud – Although many people seem to think that banking online may actually make them vulnerable to identity fraud, the opposite is actually true. Banks have worked to provide their customers with the best security available, so you can rest assured that your banking and personal information is safe and secure. Using the online bill pay function will also cut down the amount of checks you write, so you will no longer have to send out checks with your personal and banking information through the mail.

3. Environmentally Friendly– Though not everyone cares about the environment, you will certainly be doing your part when you choose online banking. Without the paper statements, you won’t have to worry about wasting paper!

4.Bank Anytime, Anywhere – So long as you have an internet connection you’ll be able to check your bank account. It doesn’t matter what time it is or where you are, you can be in the know as far as your money goes. You can even be notified by e-mail if you have overdrafted.

As you can see, there are a variety of great reasons to start using online banking services. You can save time, money, the environment, and even start protecting yourself from identity fraud as well. So, why not give this new technology a try and see how it can positively change your life.

Julia writes on banking and investment topics. Find out more about Internet Banking and IRA Fund Comparison by visiting her finance sites.

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How to Find the Highest Interest Online Savings Account

Oct 5, 2009 banking online

by Jane Nalim

Have you felt the blow of the bad economy in your savings account recently? Most savings accounts are dropping their interest rate in response to the ailing economy. Therefore your money is not making as much interest as it used to.

If you want to earn higher than average interest on your deposit, then put your money in the highest interest online savings account instead. The highest interest online savings account has an interest rate that could be several times higher than the national average.

The highest interest online savings account is like a regular savings account except that the former has all of its transactions done online. You can not go to a banking center to do your transactions because there is none.

Since all transactions are done online when you have the highest interest online savings account, this saves the bank a lot of money and they pass that savings on to you by giving you higher interest rates.

The best place to find the highest interest online savings account is to go online and look for it at bankrate.com. This is a financial website where you can compare all types of highest interest online savings accounts.

If you want the highest interest online savings account with the highest interest rate, then sort the savings accounts by their APY. This will show the highest interest online savings accounts with the best APY. Be careful about fees that some banks many charge.

Check out the FDIC website and ensure that the highest interest online savings account is FDIC insured. The FDIC insures your deposit so in case the bank fails the FDIC will pay back to you your deposit. If the highest interest online savings account is not FDIC insured then do not sign up.

Once you have made sure that the highest interest online savings account is FDIC insured, go to that banks website and sign up for the account. They will probably want to check your credit and verify some information. Then you will need to set up a funding account. This can be your current checking account or another savings account that you already have. Transfer the money into your highest interest online savings account and you are set.

About the Author:
Jane Nalim is a financial expert who likes assisting people with their finances. For more information on the high interest online savings account, please visit her website.

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Advice For People Who Have Been Reported To ChexSystems

Sep 27, 2009 banking online

by Andrew W. Chen

Being reported to ChexSystems is an absolute financial nightmare. It’s hard to comprehend how much havoc it wreaks on your life unless you experience it for yourself or have a close one go through it. The first problem is that you can’t open a bank account in 80% of the banks out there. That means no paying your bills with a check; no paying bills online (checking account required); no debit card (so you always have to have a lot of cash on you). And being reported is a major black mark on your credit report.

Fortunately, there are ways around the system. Since the financial industry as a whole is such a competitive one, you can find financial institutions that will decide to cater to just about every niche, and that includes people who can’t open a checking account because of a negative Chexsystems report. It doesn’t really matter where you live, you can find a local institution that will listen to your situation and offer you a solution that will make your life easier. You can find them without having to spend hundreds of dollars. Here are some tips to help you in your search:

1.- An informed customer always puts himself in a position to make a better decision that an uninformed one. Look around. Compare. Check the companies’ reputations. Read the money-back policy (there should always be one)

2.- It’s not true that you have NO option but the wait five years. Only 80% of the financial institutions out there base their bank account openings on ChexSystems. That means there’s a big 20% out there that don’t. Those are the banks that you need to locate and give your business to.

3. Many people have bought “non ChexSystems banks” lists and have been handed bogus lists that are grossly inaccurate and/or outdated, because some scammers out there just prey on people who are in a tough spot. You have to be careful who you’re buying from, everyone who buys lists is. And if you spot an interesting ad, if it’s by a financial institution, you’re more likely to be on to something good than if it’s by a list seller.

4.- It’s one thing to buy a moderately priced list; it’s another thing to pay up to $200 for a list. That’s just outrageous in my book. A good quality list (and by that I mean with a decent number of banks, accurate, and updated) shouldn’t go for more than $19.95. Repeat business would definitely not be a problem, thanks to referrals from satisfied customers.

Finding a good, reputable, FDIC-insured bank in your local area or online is totally doable. All you have to do is arm yourself with some good information and some common sense, and you’re good to go.

About the Author:
A former banker, Andrew W. Chen maintains a website where he helps people looking for a fresh start banking in their local area. The website is entirely devoted to banks without Check Systems verification and is chock-full of useful information.

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