Sat 24 Mar 2007
How do you stay safe Online? What are the dangers of Online Banking. Are you likely to have your cash stolen or even your identity? Find out how to stay safe when Internet Banking.
Internet banking has been around for a little over 10 years and in the last 3-5 years has become a common feature with every major bank in the world!
With Internet Banking you can access your bank account(s) using the internet from the comfort of your own home. Most banks offer almost all the features that are available when you visit the bank. You can transfer money between accounts, pay money in/out. Apply for a loan or overdraft/credit buffer, or order a cheque book or a new credit/debit card and these are just some of the features.
Many banks actually offer a much higher interest rate if you open an Internet Savings Account. This reduces their administration costs and in turn they can pass some of those savings to the customer.
But for most people, the real benefit of internet banking is that it eliminates the need to get in the car, drive to the bank, find somewhere to park, (and usually have to pay for that too) and queue for 30 minutes just to pay in a cheque or perform a simple transaction. Or, even worse have to book an appointment!
So, is Internet Banking a little too easy? Can others access your details?
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