Banking online, your account, and hesitantly becoming my account as more and more people explore the possibilities and the realities of the computer era.
It has become more relevant that more people are becoming at ease with doing business on the internet,and can be done with a sense of ease.

In a time consuming society, we want things done quick and easy.There are some good things as well as some drawbacks, with doing business and banking online.

Some people, feel secure banking online and the settings that it provide for them, a sense of privacy and confidence, provided that there's an understanding element of security in place. All are not in harmony with these realities.

There are some that are not comfortable with banking online, in spite of the knowledge and security established now days to assure your safety.
If you follow a few precautionary measures there is no reason why you should not have a safe online transaction. be cautious of emails concerning your account, never respond to them unless you are sure of them, say you made a request to your online bank and are awaiting an email answer, even then be cautious.
Install a good security system and keep the hackers out of your computer.

As banking online becomes more commonly used, the question, is it at the point where its just as or more safe as your local branch bank?

While there are risk banking locally, minimum at best, your problems most likely will be locally. On line banking you have mister hacker hanging around. Hackers can reach you globally. Any hacker can stick his or her nasty hands in your account if you're not careful.


Banks now more in tune with the use of software security are becoming better at securing the transactions online. Hackers don't want to work but they will work harder trying to find the least resistant systems to get into. Most of the concerns that confronted banks with banking online has been dealt with and brought into control. More people now are comfortable with on line banking.

Smaller banks having less secured applications are more acceptable to hacker activities than larger banks. Some reports have indicated that more financial fraud has taken place off line than on line banking. Breaches where phishing, when hackers try to hijack your on line banking account with a fake email requesting detailed information from you, or through means of spyware have been responsible for less attempts of fraud. Where as, off line banking has been exposed to human error due to employees fraudulent practices, credit card lost, family member, friend or even misplaced or lost account information.


With the popularity of banking online, internet shopping, paying bills, some believe that on line banking, because of its convenience and availability, has become first choice for many. Now banks are being scrutinized and demanded to establish top rate security more than ever.

What do you look for in banking online?

What do you look for in banking online? You want guarantees against computer fraud, will you or your bank be able to transfer funds, will you be able to stop payments on checks, what are the pay rates on savings account? What about the your local bank, what are they offering as to on line banking services? Are their services comparable to online banks?

What about banking online and the procedure for handling brokerage accounts?

What are are they doing to keep you from becoming a victim of fraud? Will you have access to your account statements whenever you need to? Is there a fee for banking online with this bank? Do all on line banks charge a fee? Is this online bank service fast and easy to use?

How often will the online bank provide payments,deposits, and transfers reports? What about warnings of potential security threats? What about canceled checks and other transactions, how would they be handled, would scanned images be provided for all transactions?

Check images, other transactions and account statements,how long and how much will be stored in records?
What about fund transferring, being able to transfer funds from one account to another one, even a brokerage account? Will additional fees be attached to the account? What about the ability to manage multiple accounts?

What about drawbacks?

If direct deposits is not made available by the online bank you choose, you would need access to an ATM that takes deposits for the bank or move money from an account at another bank. If you have to mail deposits to the online bank because the bank hadn't made direct deposits available, it could take more time for the check to clear. There could be an additional fee for a cash withdrawal, specially if there is no teller machines in the area you choose to do your online banking,

For a more detailed look on some specific banks check out the FDIC's website.
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