This has been especially apparent with the introduction of online banking, a service allowing consumers to make transactions online, in the comfort of their own home.
The benefit is obvious, unless you need to cash a cheque or sign for a loan, you never really need to visit your local bank. Even with cheques , most are capable of being directly deposited into your bank account, taking even that inconvenience away. Those pesky bank statements, the ones that usually litter your mail every month, even those are now available online. This not only saves you the space in your filing cabinet, but also saves the bank money in printing and mailing them out. These savings are usually turned back to you, the customer, in the form of free debit transactions and high yield savings and checking accounts. Perhaps one of the most convenient services that come with online banking, is the online bill-paying feature. This allows you to manage all your bills online from the comfort of your home. Paying your mortgage, car or student loan, credit card and utility bill has never been this easy. The bank will even notify you when your bill is due, ahead of time. Why not visit your bank and set up your free, convenient online bank account today?