Online banking offers many advantages. Your financial information is available anytime. You no longer have to waste time driving to the bank and you can also easily track your money. Here are some advantages to using online banking.
If you are fond of standing in lines, go right ahead. Deposit money through the bank’s ATM and conveniently check your balance online. Most questions about your balance can be answered online.
2. Easy money transfers
If you maintain separate accounts, you can more easily transfer money between your accounts using online banking. If you have a credit card at the same bank, you can transfer money without hassles and phone calls.
3. Get rewarded
PerkStreet actually gives its customers REWARDS when they make non-pin purchases. If you’re a PerkStreet customer, you get to use a debit rewards card that PAYS you for using it rather than CHARGING you a fee. You’ll earn one percent CASH BACK on all your purchases with NO LIMIT. Additionally, they offer up to five percent cash back on certain category purchases throughout the year … up to $250. And if switching banks is too much trouble, simply keep your old account at your old bank and transfer money on a regular basis to use your PerkStreet debit card and start earning rewards.
4. Save money
Online banking leaves more money in your pocket. Not only are you saving money by eliminating the bank’s cost of mailing you a statement, you are reducing your expenses by not driving to the bank. When your bank’s expenses are lower, you benefit.
Information is available at your fingertips. You can find out whether a check cleared, a deposit went through or a credit card transaction happened without having to give your bank a call. You can look up information at any time, day or night.
Don’t spend all day looking for checks, envelopes and stamps. You can easily pay all of your bills online and leave the hassle of driving to the post office to others. With a few clicks, you can keep your business running.
If you have access to an internet connection, you have access to your bank. You don’t have to find a physical location of your bank to find out whether that check cleared. You can spend more time on vacation rather than worrying about your bank account.
8. Recurring transactions
Set up recurring transactions through your bank’s online interface. You don’t have to worry about whether something has been paid, you can say for certain that it was paid on a date that you established. This service is free and convenient at most banks (including Perkstreet and Ally), giving you peace of mind.
9. Track investments
If you’re up at 3am, you can find out the current balance of your Ally Bank CD or money market account. You can discover the amount of interest that you’ve been paid for those investments.
10. See the larger picture
See the larger picture of your finances by having information about all of your accounts in one place. Know how much money is available on the credit cards. Be aware of the exact moment that you received interest on your investment account. You can download all of your transaction information to your computer for analysis.