There are various names to online banking, such as PC banking, home banking, electronic banking or internet banking. Regardless of the name, the systems provide several benefits compared to traditional banks. Services of online banks vary from bank to bank. Most banks that have electronic services allow their consumers to check their balance, make bill payments online and transfer funds.
The more sophisticated bank systems let customers download information in their own computer, see images of the checks and deposit slips and download account information. With online banks, customers can use their own computers and dial in either at home or at work. Online bank services are available twenty four hours a day, seven days a week and have a wide range of transactions available.
There are also several personal finance software with online banking. Some of the most popular programs include Intuit’s Quicken, Microsoft’s Money and MECA’s Managing Your Money. They allow consumers to do much of their work off line and then dial in to finish their bank transactions. These programs have the benefits of allowing consumers to incorporate all of their banking data with other personal data using a single program.
The attraction of online banking is that customers can perform a lot of banking transactions without standing in line at brick and mortar banks or listen to music played while put on hold for telephone customer service assistance. With online banking, it is the extras that draw people to use it services.