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Why Bank Online?

Many people are reluctant to conduct financial transactions online. Their concerns can relate to security issues, a loss of personalized service, or the simple desire for a paper document summarizing the transaction. If you are trying to decide whether to bank online, perhaps this list of advantages to online banking will help sway you:

  • Bank 24/7— You no longer have to worry about when the bank is open. You can bank any time of the day or night when you bank online. Stay warm, dry, and comfortable by banking from your desktop at a time that fits your schedule instead of the bank's schedule.

  • No waiting in line— How often do you go to the bank and feel like you could read the entire newspaper while you wait in line? Forget about lines. You can conduct your banking transactions immediately when you bank online. It's as if you had your own private teller, waiting patiently to process your transactions.

  • View all your transactions— When you conduct a transaction at the teller window of your bank, you get a receipt for that transaction. That's all. When you bank online, you see every transaction that has passed through your account in the current banking cycle, and you see the balances in all your accounts.

  • Comparison shop for a bank— With the advent of online banking, many banks have begun offering accounts online. You don't have to live in the same town as these banks to have an account there. Although examining bank balances and transferring funds are usually free services, there are other online services you can explore—bill paying for example—for which some banks charge a fee. Shop around for a bank that provides the services you want at the price you want to pay.

  • Maintain accurate records— Take advantage of the fact that you can check your bank balance any time, day or night, to ensure that your own records in QuickBooks are accurate and up-to-date.


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