An Online Bank Account will allow you to conduct all your usual banking transactions securely, from the comfort of your own home or office. This allows you to save the time that you would usually spend queuing in the bank and also to conduct your personal or business banking in your own time, when you're not stressed or in a hurry.
Another upside is that you can monitor your accounts regularly, outside of banking hours if necessary. Advances in security mean that you can feel safe in carrying out these transactions over the internet.
Almost all banks, credit unions and building societies nowadays offer a wide variety of banking services through the internet. In general, your bank will not charge you for these services. The range of facilities available include the following:
Transfer money to another customer's bank account, whether that account is in the same bank, a different bank or in a bank in another country. Transfer money between your own accounts, for example, from a savings account into a current account.
Pay a wide variety of bills online- from credit card bills to utility bills, like gas, electricity, etc.
Make applications for other financial services, such as loans, credit cards, etc.
Monitor payments and check your accounts, e.g. to see if a particular transaction has been completed or a payment made. Make investments or buy shares.
Get involved with online banking and you'll be surprised at the amount of services available and how much time you'll save.