Online Banking Services

With the growth in the technology the banks are also growing. They are working towards providing their valuable customers all the facilities so as to retain them as their loyal customers. The online services are a step towards such facilities so as to make their customers more comfortable in performing the banking transactions from any place and any time.

Different online services
The online banking services help you to perform all the banking transactions and work from your own place without visiting the banks.

1. You can check your account balances and get the statements of your account.
2. Pay all your bills by performing the transaction online.
3. Transfer the money between the different accounts.
4. Make a fixed deposit investment.
5. Pay checks and request for the demand drafts.
   

Thus you can perform different online transactions as e-checks, e transfers, and online payments.

The e- checks are the electronic version of the existing paper checks that we all sign to pay our lenders. In e-checks you will fill the entries just like the paper checks and it is transferred to the receiver directly. The receiver can thus deposit the e-check and receive the credit in their account. This thus makes the mode of payment much faster and also convenient.

In e-fund transfer you move your money from the account in one bank to the account in other bank. Here also no paper is involved. This is the mode by which your salary arrives in your account; you receive the loan amount from the bank. The ATMs and the POS (Point of sale) are the more common ways of the electronic fund transfer. Thus it is advantageous as the funds are transferred fast; the method is more convenient as it saves time visiting the bank, and it can be performed any time and from any place. Also most importantly it provide for the secured transfer of the money.

Online payments are the most common modes of money transactions between the business persons and their clients. It includes e-check payments among the customers the online credit cards.

So, how is it advantageous?

• The method is convenient
• You can make direct transactions with the clients you are dealing with
• You receive a receipt in your mail that you can use as a document for your transactions
• It is real time process and saves time visiting the bank branch nearby
• Hassle free process and you can perform transaction from anywhere and at any time according to your own convenience.