Online Banking History

Online banking history is one that dates back to 1995 when Presidential Savings Bank gave their customers the option of viewing account information and performing certain transactions online. Today, online banking is huge with most every major bank offering it. There are certainly a great many benefits associated with banking on the Internet. One is the ability to handle your finances at any time, not just during regular business hours.

Let's face it, banks do not have the best hours. Many people are at work when their bank is open and get off work after their bank is closed. This makes it very difficult for these people to take care of their banking. While some bank branches do have limited Saturday hours, this is usually an extremely busy time to go to the bank. Rather than waiting in long lines, you can handle your financial transactions online, any time of the day or night. Online transactions take about as long as an ATM transaction would thanks to the fast speed of the Internet. The faster your computer is, the faster your transactions will be.

Also, online banking can be done anywhere in the world that offers a computer with Internet access. This means if you are away from home you can still manage your bank accounts and view your information. In addition, you can sign up for alerts that tell you when automatic deposits or withdrawals are made, or when your account hits a certain balance. These alerts can be sent to you via email, telephone or mobile phone. Today's advanced technology makes even makes it possible to connect to your accounts via mobile phone with Internet access. You can even pay your bills online without ever having to write a single check or mail a single envelope.

Security is another important part of online banking history. In the early days, it may have been easy for a skilled hacker to get into bank accounts, but no more. Today's banks have extremely sophisticated security systems that no one can crack. They use 128-bit encryption and a variety of other security methods to keep your information safe. Online banking has certainly come a long way in the past ten years. With so many features and benefits, it's no wonder so many people these days are turning to online banking as a way of managing their finances.

Online Banking News:
EmigrantDirect.com CD Rates - MonitorBankRates.com

Earthtimes (press release)
EmigrantDirect.com CD Rates
MonitorBankRates.com
EmigrantDirect.com, the online banking arm of Emigrant Bank based in New York, is offering certificates of deposit that are higher than the national average .
FDIC: Hackers took more than $120M in three monthsITworld.com

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Unhappy customers: Complaints to BBB up 10 percent - The Associated Press

Unhappy customers: Complaints to BBB up 10 percent
The Associated Press
NEW YORK EUR” Complaints to the Better Business Bureau were up nearly 10 percent last year, with the banking industry seeing the biggest jump in unhappy .

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How to Protect Your Funds Online - Computerworld

How to Protect Your Funds Online
Computerworld
CSO - The rise in popularity and the pervasive nature of online banking over the last decade have been meteoric. The power of convenience .

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Unhappy customers: Complaints to BBB up 10 percent (AP via Yahoo! News)
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