Going to the bank to deposit, withdraw, or for any other reason, however small it is, can get a little inconvenient. That is especially true when you have a lot of things to do or you are roped in the office for a very important meeting. Or, when you are out to an island for vacation where regular banking is not possible.
For these reasons, you would really love online banking. This type of modern-age banking system will surely make your life a lot easier wherever you may be.
Online banking, which is also known as e-banking or internet banking is an effective and new way of doing bank transactions through the internet or online.
Usually, you only need to go to the institutions website and do the transaction right there just like how you would do it on a normal over the counter sort of transaction. You don’t have to worry about identity theft or things like that because these sites are actually secured from all those kind of things.
But if you’d rather do the old-school way, this is just an alternative in cases when you need one.
So, how will you do this online banking scheme? Actually, it is very simple and as quoted above, it is just like doing the transaction in the bank with a teller or authorized representative for the kind of transaction you are going to do.
The only difference is that you are doing it without someone you can see or the online representative of the bank. Now, for you to get more detailed information on how an online banking works, below is the step by step instruction:
1.Sign up for the service. You can be an old clientele or a new one to be part of this service from your bank, but the rules are the same: you have to sign up for it.
You can do that by visiting your bank and asking the bank teller or any authorized representative how you can avail of this service. Sometimes, you may be offered with this service by your investment representative in order to make your bank transactions more convenient.
Whether invited or you personally ask to be part of your bank’s online banking system, the signing up process will still be the same. You will need to provide the necessary details in your application. Once the application is through, you should do the enrolment on your own using your own personal computer or laptop.
2.Enroll your online banking account to your bank’s website. The enrolment process of your online banking service is going to be so much easy.
All you have to do is follow the instruction provided by your bank representative when you signed up for the service. You have to confirm whatever information your banker entered their data bank by going online and activating your account.
There are also exclusive instructions from third party business partners that you would need to follow in case you would want to enroll them in your online banking account.
Remember that your bank wants nothing but secured banking for you, which is why you need to do the enrolment for these third party services. That way, they can back check, trace, or confirm with you any transactions you may make that seems a little odd for them. These enrolments’ rules will basically vary depending on the requirements of your third party business providers.
3.Do the banking transactions online! Those two are all you need to do to enjoy the convenience of being a “mobile” bank clientele.
You can enjoy all the services of your bank anytime you want or need as long as it is convenient for you. You can transfer money from your personal or corporate account to your enrolled accounts or those that you have enrolled on it.
You can withdraw, deposit, and do investments anytime you want. In fact, you can shop at your convenience using your online banking account, pay your bills, or send salaries to your staffs. You don’t have to wait in line because online banking makes you your bank’s priority clientele.
And you can transact from anywhere as long as you have a stable connection and a computer. In fact, you can even use your mobile phone to launch your bank’s website and do the online banking transaction you need.
You see, online banking will help you with anything you need to do in terms of banking transaction. But this doesn’t mean that you don’t need to go to the bank all your life.
For your security and safety, you should try to at least come to the bank and check with them on all your transactions. You see, it is always good to know that your money and investment are taken well care of.