Financial transactions had never been easier since the advent of online banking in the 90’s. Internet/Online banking is a service offered by banks that allows account holders to access their account data via the Internet. Banking is now a piece of cake because with just a few clicks here and some typing there, you are already capable of paying your bills and checking your savings. Whether for control or convenience, online banking is an aspect of banking that nobody can resist.
Advantages of Online Banking
1. Pay Your Bills Online
You can use online banking to pay your bills. This will eliminate the need for stamps and protect yourself from the check being lost in the mail. Most banks will have a section in which you set up payees. You will need to fill out the information once, and then you can simply choose that profile every time you pay a bill online. If your bank will not pay bills online you may consider paying online through the company. Be careful since some of these companies may
charge a convenience fee.
2. View Your Transactions
Online banking allows you to access your account history and transactions from anywhere. This is the quickest way to check and see if a transaction has cleared your account. This can help you to find out the amount of a transaction after you have lost your receipt. It also allows you to find out about unauthorized transactions more quickly. This can help you to resolve the issues more quickly.
3. Transfer Money Between Accounts
Online banking also allows you to transfer money between accounts much more quickly. It is more convenient than using the automated phone service, and can save you a trip to the bank. When you apply or set up your online banking, be sure that all of the accounts you have at the bank are listed. This will make it easier to transfer money and make loan payments online.
Websites of Banks That Offer Online Banking
· Allied Bank – www.alliedbank.com.ph
· Asia United Bank – www.aub.com.ph
· Banco De Oro – www.bdo.com.ph
· Bank of Commerce – www.bankcom.com.ph
· Bank of the Philippine Islands (BPI) – www.bpiexpressonline.com
· Chinabank – www.chinabank.ph
· Chinatrust Commercial Bank – www.chinatrust.com.ph
· Citibank Philippines – www.citibank.com.ph
· East West Bank – www.eastwestbanker.com
· Export and Industry Bank – www.exportbank.com.ph
· Hongkong and Shanghai Banking Corporation (HSBC Philippines) –www.hsbc.com.ph
· Land Bank of the Philippines – www.lbpiaccess.com
· Metropolitan Bank and Trust Company (Metrobank) – www.metrobank.com.ph
· Philippine National Bank (PNB) – www.pnb.com.ph
· Philippine Postal Savings Bank – www.postalbank.gov.ph
· Philippine Savings Bank (PS Bank) – www.psbank.com.ph
· Planters Development Bank – www.plantersbank.com.ph
· Premiere Development Bank – www.premierebank.com.ph
· Rizal Commercial Banking Corporation (RCBC) – www.rcbc.com
· Robinsons Savings Bank – www.robinsonsbank.com.ph
· Security Bank – www.securitybank.com
· Standard Chartered Bank – www.standardchartered.com
· Sterling Bank of Asia – www.sterlingbankasia.com
· Union Bank of the Philippines – www.unionbankph.com
· United Coconut Planters Bank (UCPB) – www.ucpb.com
A Thing to Consider While Banking
While you enjoy better returns and more convenience, it is still important to be careful when banking online. You do not want your safety or privacy to be breached. It is important to clear your cookies after each banking session, if you are at a public computer. Additionally you need to make sure that your password is long enough to prevent it from easily being hacked. Never give your online account information to someone who is not an authorized signer on your account.
