With an online checking account, everything is handled on the internet or the phone. You need not visit a bank to do transactions, unlike a traditional checking account. You can use your online checking account on several ways such as paying your bills, transferring funds and purchasing groceries, clothing, household supplies and medication.
Just like regular checking accounts, you can make purchases using your online checking account. You can simply write a check for a purchase but make sure to use proper identification when writing your checks. When you open an online checking account, you are given the option to order a debit card or an ATM for your account. The debit card has a MasterCard or Visa logo, thus you can use it at any store that accepts these credit cards. To make debit card purchases, you need the PIN number for your card.
Furthermore, you can also purchase through electronic payments. You can give the merchant your checking account information such as your account number and the bank’s routing number or debit card number and give authorization to debit the amount of purchase to your account. You may opt to make a withdrawal from your ATM to make a purchase. You can use either your debit card to withdraw or from your ATM. Remember that there are certain fees when withdrawing money from the ATM.