Did you know it even gets national recognition? That’s right! National Online Banking Day is observed on the second Monday in October, which is also a traditional national bank holiday (Columbus Day).
Convenience is usually publicized as the major advantage, but it definitely isn’t the only benefit. It can save you money and can definitely be more environmentally friendly. Here are a few more reasons to enjoy the perks of online banking at your credit union.
Manage your own banking experience – Most credit unions that have embraced this online service give their members the opportunity to completely manage their own daily finances by paying bills online, transferring funds between accounts, depositing and ordering checks, and apply and make loan payments.
Mobility – It can be done from anywhere with an Internet connection. With this added flexibility you won’t have to worry about late payments or other time sensitive financial transactions.
Online Bill Pay – You can automate your monthly bills to pay automatically. By paying your bills automatically you will never miss a payment. Most importantly, not having to depend on the postal service to send your payments allows you to keep your money in your account for a little longer, earning a little more interest.
View your transaction online – Online banking allows you to access your transactions from anywhere, 24-7. You can check your account balance daily, keep track of pending transactions and catch any errors quickly for easy adjustment.
Transfer between accounts – Using it to transfer funds can save you a trip to the credit union. You can make transfers without leaving home, check on availability of funds before you spend the money. This service will make it easier to transfer money to make loan payments on time.
Security – Using online banking allows you to setup transaction alerts, travel notifications and report fraudulent activity. You can also change your password to keep your online accounts secure.
e-statements – Most statements are completed online, decreasing the amount of paper used and sent to members, making online banking a perfect environmental choice.
eAlerts & Text Alerts – You can manage and receive eAlerts regarding specific account activity.
Ease of use – Online accounts are simple to implement and require no more information that a regular bank account. You simply input your data online and if you run into a problem you simply contact your credit union directly for assistance.
Whether you’re working late at work, catching up with friends over dinner, or relaxing on the couch at home – your banking needs are always covered with online banking – the perfect combination of service and convenience.
Source by Patrick Redo