The internet has come a long way sinceitsinitial conceptionand,over the pastfewyears,we’ve seena whole wealth of usefulthings crop up– not least, online banking.
If you’ve not yet taken the plunge and started banking online,you’re missing out on a whole host of useful features.Keep reading to find out the top6benefits to online banking.
Whether you choose to bank on an app or website, there are loads of great benefits. Think aboutnot actually havingto waste ages queueing for assistanceandhaving more control and easy access to your finances.That’s just the start! Check out our top6benefits:
1. Access your account 24/7
One of the biggestadvantages of online bankingis that you can access your account 24/7, wherever you are.As long asyou have an internet connection,you can log on and check your finances– sonot only can you do itwhileyou’re on holiday or out shopping, but you also won’t have to worry about bank opening timesor leaving your home when it’s not convenient.
2. Bank on your phone or tablet
You don’t have to sit up at a computer to get started with banking online – you can do it from your phone or tablet, too.Most banks’ websites are adapted for mobile, meaning it’s easy to use your favourite device to get online.What’s more, if you’re concerned about missing out on the personal interaction,support is usually clearly signposted,allowing you to live chat or ring through to the department you need.
3. It's quick and easy
A hugeadvantageto online bankingis just how quick and easy it is. Whether you’re using an online app or loggingonto a website, itcompletely eliminateswaiting in line at the bank. Youcan do everything from the comfort of your own home, including applying for credit cards and loans, as well as yourday to daybanking.
4. Keep on top of your finances
Online banking means you’ll be able to keep on top of your finances farmore easily. You’ll be able to check your balance quickly, view your transactions and know exactly what’s going out and when,as well aslook at historical payments to make sure they’re cleared. Additionally, it’s easier to check for any unauthorised purchases, so you’ll be able to flag these as soon as you notice them.
5. Pay bills and make payments
Gone are the days of lengthy forms and having to post cheques to pay bills. One of the keybenefits with online bankingmeans you can pay all your billsor make paymentsthroughyour bank’swebsite.You can set up direct debits, standing orders,and even send money to friends and family members.It doesn’t get more convenient than that.
6. Transfer money between accounts
With an online bank account, transferring money between accounts couldn’t be simpler.This may be a particularly great benefit if you have a savings account and find yourself frequently having to transfermoney between the two. All you’ll have to do is log on to your banking anddo it yourself, you don’t have to worry about going in branch or phoning someone to do it for you.
Now you know thebenefits to online banking.If you’re still a bit apprehensive about banking online, check out our guide onhow to protect yourself from online fraud, next.
