Technology is a fantastic thing. Along with the development of devices like electric vehicles and robots capable of performing surgeries, there are also technological developments that many people enjoy in their daily lives. Your smartphone is a perfect example of this.
Over a decade ago, there was only so much you could do on your smartphone. Back then, most people only used their phones to text messages and make calls. Eventually, we discovered that we could use our phones for everyday activities, such as sending emails and video calls to family members or people at work.
Nowadays, you can do a variety of things with your smartphone. Aside from the typical functions of a phone, you can look up the weather, stay updated on current events, and even do your shopping! However, among one of the most extraordinary things you can do with your phone, doing your banking is probably one of the greatest conveniences that have come about.
Thanks to the development of technology and the growth of the digital world, there’s already a whole list of activities you can do online! Banking has been one of those wonders. Moreover, it’s become a more sophisticated and efficient way of doing things. So, it’s effectively allowed people to avoid all the trouble that usually comes with a physical bank visit!
With that in mind, is online banking something you should try?
What Is Online Banking?
Thanks to technological advancements, as many aspects of our lives have transitioned into the digital world, it only makes sense that banking would follow suit. As a result, this has helped create a significant part of the banking process easier. Of course, it has also made things much more convenient for people who dread going to the bank.
Moreover, online banking isn’t only a feature exclusive to the bigger banks. While almost all big banks have the money to spend on having sophisticated online banking software, many credit unions also have online banking features.
So, you get to enjoy this without shifting to a more prominent bank – something that many find difficult to do due to hefty fees and interest rates.
What Can You Do Through Online Banking?
Many banks have similar features regarding their online platforms or applications. Of course, it may not allow you to do all your banking-related transactions online. But, it has made a few transactions more convenient to carry out at the click of a mouse or tap of your smartphone.
Send Money From One Account To Another
One of the greatest conveniences that online banking has brought about is the ability to make money transfers. Of course, things like wire transfers have already been a thing for quite some time. So, people could essentially send money from one bank account to another. However, online banking also allowed much more than that.
With services like Venmo and CashApp, people can now send any amount of money from their account to another person’s account. So, you don’t have to worry about having cash on hand if you owe someone or if your loved one needs emergency cash anywhere in the world.
Instead, you can send them the amount from the comfort of your phone! That means you don’t have to look for an ATM or write a check to send to them.
Auto-Debit Your Bills
Aside from making it easier to send friends and family money, online banking has also made it easier for you to pay your bills! Usually, when you have to pay for your utility bills, you’d have to write out a check and send it to your biller through the mail.
While there’s nothing wrong with doing it that way, several problems come with it. For example, your check may get lost while it’s in transit to your biller. You could also forget about the bill and only realize it after getting served a non-payment notice.
Setting up the auto-debit feature through online banking will automatically allow your biller to deduct the amount from your bank account! You don’t risk forgetting to pay your bills through auto-debit, and you can always be sure that your payment goes through.
Keep Track Of Your Account
Among the several great things online banking can do for you, one of its best features is also one of the simplest. Instead of going to a bank or ATM to check your balance, you can open up your app or account online to take a quick look at your bank account.
It allows you to know how much you have in your account. This feature may not seem like a lot, but it’s convenient for those who want to know how much they still have left.
Convenience At The Palm Of Your Hands (Or Computer)
Technology has allowed various ways to make life easier for people. One of the best examples of this would be the smartphones that almost everyone has nowadays. Thanks to these pocket-sized technological marvels, you can do things like keep in touch with people hundreds of miles away and stay updated on things happening worldwide.
Smartphones and computers have also allowed you to carry out several actions at a tap of a screen or click of a mouse.
Due to many aspects of our lives going digital, it makes sense that banking has also gone digital. As a result, you can carry out various banking-related transactions from places like your phone or computer. Instead of having to line up and wait, all you need to do is fill out a couple of details on your phone and confirm the transaction!
Online banking saves you from having to make unnecessary trips to the bank. It essentially gives you the banking at the tap of a screen. So, if you want to streamline your banking processes, going the online route would be one of the best ways to do so!
If you love having more time to do things or just cut down the number of activities you have to fit into your day, online banking is one way to do it.
