Online banking is getting more popular nowadays. More than fifty percent eligible internet users have an online banking account and most of them are not even aware of how it all started. Online banking started when internet use began to expand. With a lot of people owning a computer these days, online banking is getting more popular than ever.
Online banking was first introduced in the late 1990s with the increasing popularity of the internet. Its popularity does not show signs of fading due to many new customers signing up daily. In the beginning, people could only view their accounts and transfer money between accounts. These days, online banking allows one to pay bills and change password with just one click. Furthermore, online banking allows one to manage his or her finances.
Since the start of online banking, the main attraction is the rate. Online banking pays a higher interest rate compared to a brick and mortar bank. Banks look at online banking as powerful tool that can be utilized to attract new customers and to keep old ones. Just like anything else, online banking is not perfect. Weigh your options carefully to enjoy the benefits that you will get this type of banking.