How to Get Started With Internet Banking
Internet banking is a wonderful tool once you’re familiar with how to use your bank’s Web site. To begin, you simply need to have a checking, savings or loan account. The application process will require your account number and you Social Security number and perhaps your PIN for verification. If you are anxious or unsure about how to begin using Internet banking, you should consult a bank employee for assistance.
Moving Money Using Internet Banking
Once you’re enrolled in Internet banking, you can easily move money from one account to another, as long as the accounts are all at the same bank. For example, you can go to your bank’s Web site, login to your account summary, and choose the option that allows you to transfer funds between accounts. It’s simple, and the funds are available immediately.
Internet Banking: A Secure Way to Order New Checks
As long as the printed information on your checks will remain the same, you can use Internet banking to order a new batch of checks. The checks will be sent to the statement address associated with your account. If you want to change any information on your checks, or if you want your checks sent to a different address, you will have to call and talk to a real person who can accurately verify your identity.
Reviewing Your Account History Using Internet Banking
Traditional bank accounts have always generated a monthly statement summarizing account activity for the past 30 days. But, what if you want to check your account activity more often than once per month? Internet banking is perfect for those who like to keep a closer eye on their bank accounts. You can track purchases and outstanding checks, as well as keep an eye out for fraudulent account activity. Internet banking is also useful for reviewing account activity from a few months in the past, in case you’ve misplaced your statements.
Is Internet Banking Safe?
Yes. All banks that are FDIC insured use encryption systems for transferring information during Internet banking. Encryption is a big word that simply means there’s a code needed to access the information. If someone tries to access your Internet banking transaction without the code, all they will see is gibberish. The most advanced form of online security involves Secure Socket Layer technology. Make sure your bank uses SSL. Then, all you have to do is make sure you have the latest version of your browser on your computer, so that you’re using the latest security available.
Internet Banking and Your Privacy
You should read your bank’s Internet banking privacy policy to see what information it collects from you and how that information is protected. Most banks will allow you to access the information gathered and to correct any mistakes. All banks must disclose their privacy practices and allow you to “opt-out” of the sharing of your personal information within the bank’s circle of business, as well as with third parties.
By Aaron McCullough