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MAKING THE MOST OF E-BANKING
August 7, 2015
Whether you’re checking your account balance before making a big purchase
or transferring emergency funds to your child when you’re on the go, online and mobile banking can be a real lifesaver. And it’s often as easy to use as it is practical.
Here’s a closer look at how to maximize your electronic, or e-banking, experience.
FIGHT FRAUD, STAY ON TOP OF BILLS
E-banking offers around-the-clock access to your checking account, making it a handy way to monitor your balance. Try to make logging in to your account part of your daily routine, and be sure to review any recent activity. If you notice a transaction that you don’t remember, don’t waste any time: Contact your financial services provider immediately.
Some financial institutions let users pay bills directly from their accounts using online or mobile applications. Consider signing up for direct deposit with your employer, which is the quickest way to receive your pay. Contact your checking provider to learn more about the e-banking services it offers.
USE MOBILE APPS TO PREVENT OVERDRAFTS
Overdraft fees — which generally apply when you try to spend more money than you have available — continue to take an enormous toll on consumers nationwide. The good news is that mobile apps can go a long way toward eliminating that pesky problem. If you’re thinking about making a purchase but aren’t sure if you have enough money, just whip out your smartphone and review your balance.
Text banking is another excellent way to receive information about your account balance. That includes recent account activity as well as payment due dates and locations of nearby surcharge-free ATMs.
How does it work? Users shoot a text message to their financial institution, including a code for whatever piece of information they’re after. It’s as quick as it is easy — users should receive the requested info seconds after sending the text.
THE BOTTOM LINE
Online and mobile banking can help you maintain an overview of your finances. Just be sure to create unique passwords for each account, which will make it difficult for hackers to gain access to your sensitive data. Instead of storing these login credentials in a folder on your hard drive or email account, write them down and keep them in a secure spot at home.
Whether you prefer to use a laptop, desktop or smartphone, make the most of e-banking by checking your account each day. You’ll be able to take care of tasks like transferring money and paying bills while also warding off fraudsters and avoiding overdraft fees.