Top 10 Online Banking Features

The ability to view your bank accounts online instead of sitting on the phone or visiting a banking center is perhaps the most time saving feature financial institutions offer. Although every bank offers a different combination of online banking features, it’s important to know what features are available. If your bank doesn’t offer man of the top 10 online banking features, it could be time for a change.

1. Mobile banking allows you to view your online banking through PDAs and cell phones.
2. Bill pay lets your log into your account and pay your bills with the click of the mouse.
3. The online banking site should be easy to navigate.
4. Transferring money between accounts is a common online banking feature.
5. Your bank should allow you to view all your deposit, loan and investment accounts with the company through a single online banking login.
6. Viewing checks online will help you balance your checking account when you forget to record a check purchase.
7. The information provided though the online banking site should be current, not several business days behind.
8. The ability to place a stop payment on transactions will help you manage your account when you can’t make it into the bank.
9. Password resets to your online banking account should be an automatic process so you can access your account day or night.
10. Encryption and internet security should be a top priority of any financial institution that offers online banking. If there’s not a safety guarantee, don’t use it.