What you can do with Internet Banking

I always put credit to the bank who provide sophisticated Internet banking's features and allow users to do all matter related to the banking online. Internet banking is actually allowed you take control of your money. Below are things you can do with internet banking.

1. Search statements
You can Search your statements online by date, amount or payment type. This is good because you can track back transactions which you did with your banking account. Some internet banking portal also allows you to download the statements into a spreadsheet or financial software package. This also can save paper by stop paper statement by choose not to receive paper statements.

2. Check real time balances
You can check up to minutes balance online with just a click, and also can keep on top of the money going in and out of your accounts.

3. Move money and pay bill online
You can actually move your money between your account like example, you got 1 savings account, one current account, credit card and housing loan. You can actually

4. Manage direct debit and standing orders.
With internet banking, you can setup, change and cancel standing order. Currently I am having one which is housing loan with the same bank with my savings account. I setup the standing instruction online and it will transfer my savings account money to pay my installment every month as long as my savings account got enough money to transfer.

5. Apply for products quickly and easily
You can apply for loan online and it actually quickly and easier compare normal procedure. Some bank actually offer cash loan application online and you can just apply online.

6. Apply for share and online trading
You can apply for shares online, off course you need to have a CDS account to do so, and it actually can apply online as well.

7. Apply for e-Fix deposit
This is a new feature that implemented by local bank and it allow you to fix your money from savings account to earn fixed deposit interests. You no need to queue for the transfer any more and it is much easier to withdraw and manage your interests earned.

8. Reload your prepaid phone
I can see this features are useful for prepaid phone users as they can reload their prepaid phone online with just a click.

I think I might miss out some, with internet banking you can easier your life with online control all the banking account. I think we have to accept the concept and try out the internet banking by today.