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10 things you can do with online banking

The good news about online banking is that you can conduct almost all the transactions that you would at a brick and mortar branch, with the exception of ATM withdrawals. You won't get to chat with your friendly teller or ask the bank manager questions in person, but you will be able to:

  1. Review bank and credit card account activity and balances.
  2. Transfer money from one account to another.
  3. Pay bills any time, including scheduling automatic payment of recurring bills up to a year.
  4. Request copies of past statements and cleared checks.
  5. Order travelers checks, cashier's checks and foreign currency.
  6. Receive financial planning information.
  7. Get stock quotes and discount brokerage services.
  8. Apply for auto, home equity, mortgage, student and other loans.
  9. Access customer service -- often 24 hours a day.
  10. Receive bills online from participating companies.

To find out if online banking will work for you -- or if you should stay with a bricks-and-mortar bank, click here.

-- Posted: Dec. 7, 1999

 

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