The Basics of Using an Online Only Bank
Monday, September 27th, 2010
Many of us already have savings or checking accounts at banks that offer online services. With online banking through our local banks, we can check our balances online, transfer money between different accounts, and pay our bills. But did you know that there are some banks that only offer accounts online?
At first glance, you might wonder why someone would open a savings or checking account with a bank that they can’t actually visit in person. The answer is money. Because online banks do not maintain physical locations they can keep their costs very low, and...
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Tags: Banking Advice, Online Banking, online savings
Posted in Online Banking | No Comments »
Online Bill Paying
Friday, October 30th, 2009
In this age of technology where most things can be processed by the click of a mouse, online bill paying has become a fast, convenient, and easy way to pay bills, keep track of expenses, and save money. Is it for everyone? Obviously not - there are still those who prefer to write a check or acquire a money order to pay for their bills.
What are the pros and cons associated with online bill paying? It depends on the individual. Those who are familiar and comfortable with using a computer to shop and pay bills will...
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Tags: Banking Advice, Online Banking, online bill paying
Posted in Online Banking | 3 Comments »
Online Banking Scams
Thursday, April 23rd, 2009
There are many unscrupulous people who are trying to take advantage of consumers. Scams are all around us, just think about Bernie Madoff’s ponzi scheme that resulted in billions being lost by very sophisticated people. We’ve all probably received emails similar to the ones I will be discussing in this article. Following are two online scams that could trick you into providing personal information that will compromise either your online accounts or identity.
The Bank/Credit Card Email Scam: If you get an email asking you to sign-on to your bank account or credit card through the email because your privacy is...
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Tags: Banking Advice, Online Banking, online banking advice, online scams
Posted in Online Banking | No Comments »
Phishing Alert
Monday, March 16th, 2009
The Federal Deposit Insurance Corporation has placed more and more banks on its “watch list” of troubled institutions. This continues to create worry amongst the public at large. This has created a new type of phishing email.
Popular phishing attacks, emails that are designed to capture private information from consumers like social security numbers and passwords, have historically used schemes like online access to your account has been blocked click here to unblock your account. The naïve consumer would simply enter this information into a page that looks like it’s from your bank, however the page is being hosted by...
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Tags: Banking Advice, Online Banking, phishing, phishing alert
Posted in Online Banking | 1 Comment »
Five Reasons to Bank Online
Sunday, February 22nd, 2009
Online banking has become increasingly popular, and many consumers have started to enjoy the benefits of banking online. There are many different reasons why people decide to opt for an online bank account, and in the space of around six years the number of consumers using online banking has more than doubled. Here are some of the top reasons for opting for online banking.
1. Convenience and ease. With online banking you do not have to even leave the house or pick up the phone in order to conduct your banking transactions. Thanks to the Internet you can now perform these...
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Tags: Online Banking
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