Online Bank AccountI am a relatively new person to an online bank account, which is actually somewhat surprising. I have been online for many years. I have been an internet user since before the advent of the World Wide Web. I have done shopping on the internet for years. I was always comfortable with that. After all, paying by credit cards always had a certain amount of anti-fraud measures built in. Credit card companies ventured into the online bank account market before the average consumer bank did. I have been into online banking for almost a year now. I am probably, even though it seems late to me, one of the early ones. I personally do not know other people who are using an online bank account. I like online banking, because I can easily check my bank balances. I can verify deposits that were made, check if checks have cleared anytime of the day or night. My online bank account allows me to transfer money via the internet from my checking account to my savings account (and vice-versa) quickly and easily. And now, I can also use online banking to initiate automatic payments via the internet. That was probably the most difficult realm of online banking for me to enter into. After all, if there was an error, this was money coming from my checking account. Unlike a credit card, that has a 30 day grace period usually to straighten out any problems, if there is a problem with my checking account, checks will bounce, and my debit card will stop working when I go to buy gas or groceries. That scenario alone caused me to hesitate before entering into the realm of bill paying with an online bank account. However, I have started to use this bill paying feature of my online banking, and I must say that so far, I have been very pleasantly surprised. I take the time to set up a bill to be paid – for example, the rent or a mortgage payment. Every month, that payment is the same. The payment is also due at the same time every month. It was the best first candidate for my online bank account excursion into bill paying. I set it up, and I can choose if I want the bill to be paid automatically, or if I still need to manually click and authorize the payment first. If I set it up to be paid automatically, I do not need to worry that the payment will be late. What is cool is that once set up, I never need to write a check, or put a stamp on that payment. It saves me time and money. I like the fact that with my online bank account I have access 24/7, anytime. I like the fact that I can pay bills and not have to hunt for a stamp. I like that I can save time, by not having to write as many checks each month. So far, my online bank account earns two thumbs up in my book. This is a clipping For the complete article click here
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