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What is Internet Banking?

Internet vs. Traditional Banking

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Disadvantages of Online Banking

If your idea of a mouse is something that should never be caught dead--or alive for that matter--inside your house, online banking may not be for you. It's convenient if you know how to work on a computer. If not, a drive through ATM takes a whole lot less time than trying to teach yourself Windows 2000.

Disadvantages:

  • Need an account with an Internet Service Provider (ISP)
  • Security concerns, like "hackers" accessing your bank accounts
  • Original setup for bill paying time is time-consuming but will ultimately be a time-saver
  • Switching banks can be more cumbersome online than in person
  • Must have basic computer skills and Internet knowledge
  • Must be comfortable using a computer

 What is Internet Banking?

 Internet vs. Traditional Banking

 

 Electronic Bill Paying

 

 Direct Deposit

 

 Online Banking Fees

 

 

 

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