Top 6 benefits of online banking

The internet has come a long way since its initial conception and, over the past few years, we’ve seen a whole wealth of useful things crop up – not least, online banking.

If you’ve not yet taken the plunge and started banking online, you’re missing out on a whole host of useful features. Keep reading to find out the top 6 benefits to online banking. 

There are loads of great benefits to online banking. Think about not actually having to waste ages queueing for assistance and having more control and easy access to your finances. That’s just the start! Check out the top 6 benefits of online banking:

1. Access your account 24/7

One of the biggest advantages of online banking is that you can access your account 24/7, wherever you are. As long as you have an internet connection, you can log on and check your finances – so not only can you do it while you’re on holiday or out shopping, but you also won’t have to worry about bank opening times or leaving your home when it’s not convenient. 

2. Bank on your phone or tablet

You don’t have to sit up at a computer to get started with banking online – you can do it from your phone or tablet, too. Most websites are adapted for mobile, meaning it’s easy to use your favorite device to get online. What’s more, if you’re concerned about missing out on the personal interaction, support is usually clearly signposted.   

3. It’s quick and easy 

A huge advantage to online banking is just how quick and easy it is. Whether you’re using an online app or logging onto a website, it completely eliminates waiting in line at the bank. You can do everything from the comfort of your own home, including applying for credit cards and loans, as well as your day to day banking.

4. Keep on top of your finances    

Online banking means you’ll be able to keep on top of your finances far more easily. You’ll be able to check your balance quickly, view your transactions and know exactly what’s going out and when, as well as look at historical payments to make sure they’re cleared. Additionally, it’s easier to check for any unauthorized purchases, so you’ll be able to flag these as soon as you notice them.  

5. Pay bills and make payments

Gone are the days of lengthy forms and having to post cheques to pay bills. One of the key benefits with online banking means you can pay all your bills or make payments through your bank’s website. You can set up direct debits, standing orders, and even send money to friends and family members. It doesn’t get more convenient than that. 

6. Transfer money between accounts 

With an online bank account, transferring money between accounts couldn’t be simpler. This may be a particularly great benefit if you have a savings account and find yourself frequently having to transfer money between the two. All you’ll have to do is log on to your banking and do it yourself, you don’t have to worry about going in branch or phoning someone to do it for you.

Online banking is a great benefit to have at your bank or credit union. Here at Presidents Federal Credit Union you can have access to your account from anywhere at any time! 

Cincinnati Credit Union – Presidents Federal Credit Union (FCU) is federally insured and backed by the full faith and credit of the United States government for all accounts up to $250,000.00. We have over 60 years experience and offer the best values with friendly customer service.