On-line Banking

[Rita]

Since I seem to be spending half my time at the computer, I may as well do my banking from here - right?

Do some of you bank on-line? Any problems you've come across? Benefits.

Specifically, we were thinking of putting $$ into savings (CD) from someplace like -ING.

I could check on a message board like Kiplinger's but that wouldn't be near as fun.

 

[Landlocked]

I still haven't made the change either. Everybody I know uses online banking and I'm still writing checks and sticking stamps. They say I'm crazy. I guess I'll move on over some day.

 

[ktmeadows]

Since I seem to be spending half my time at the computer, I may as well do my banking from here - right?

Do some of you bank on-line? Any problems you've come across? Benefits.

Specifically, we were thinking of putting $$ into savings (CD) from someplace like -ING.

I could check on a message board like Kiplinger's but that wouldn't be near as fun.

Hi Rita!
I do all my banking and bill-paying on-line. It's an awesome timesaver! Never had any problems, so all I have is good things to say! The important thing to remember is to make sure that you're on a secure server. When paying bills, basically, all you have to do is put in your checking account information once, and from then on you can get on-line whenever you want and pay the bill! I pay credit card bills, DISH satellite bills, utilities, mortgage, etc. Never had a security problem. Plus you almost always get a confirmation number, and you can get in anytime 24/7 to check status of the account.

As for online-banking....I can get into my checking/savings account 24/7 to transfer $$$, check balances, check to see what checks have cleared, payments have posted, etc. I'm hooked!

 

[kathydwells]

Ditto what Rita said. I don't even think I would know how to lick and envelope or stamp anymore!! Plus, it save alot of money in check re-orders. I rarely write a check anymore. I love, on-line banking, on-line bill pay!!! I have never had any problems!

 

[bsmart]

I bank online using Bank of America's Private Bank, and it is so convenient. I can switch money around from my different accounts and pay bills online. The only thing I ever have to go to the bank for is to cash a check or to make a cash deposit.

 

[Beach Runner]

One problem I have with online bill paying is that it's slow. Our bank says allow 3 days for electronic payment and 5 days for mail (such as utilities in SoWal which don't accept electronic payment). And the weekend doesn't count as 2 of the days and holidays don't count. So it can literally take a week to use online bill paying to pay Chelco, whereas if I mail a check, it'll be there in 2-3 days.

Another problem is that even though the recipient might not get paid for a week, the bank debits the money from your account virtually immediately (so you lose the interest on the money). If you mail the payment, you don't lose your funds until after the recipient deposits the check and receives payment from your bank.

 

[Ocean Lover]

We use it and love it. I do agree with BR. Some payments go through almost instantly while others can take as long as 5 days. But for transferring $$ etc. it's a snap.

 

[Beach Runner]

We use it and love it. I do agree with BR. Some payments go through almost instantly while others can take as long as 5 days. But for transferring $$ etc. it's a snap.

Yes, that's how I fund my daughter's weekly allowance (recurring transfers) and steal money from my husband's account when I've overspent.

 

[Kimmifunn]

We use it and love it. I do agree with BR. Some payments go through almost instantly while others can take as long as 5 days. But for transferring $$ etc. it's a snap.

Oh yeah...Debbifunn figured out Hasn't happened since.

 

[Rudyjohn]

We do it ALL on line. After all, it's becoming a paperless society, thank god.