What are the benefits of On-line banking?

Question

What are the benefits of On-line banking with Wells fargo and why is it so important to you in your world of finance?

Answer 1

Its very convenient, u can set up / cancel direct debits easily you can transfer money to other accounts, you can keep track of your money much easier. You can check your balance whenever u like. And its free.

Its better than ringing the telephone banking, you can control your own finances.

Answer 2

If the online banking is free then you get the convenience to schedule payments from anywhere there is an Internet connection. Also, you save money on stamps and can check the balance of your account anytime day or night. I've also heard that using online banking helps you identify fraudulent charges faster than if you were waiting on a monthly statement.

Answer 3

1)You don't have to stand in a long line
2)It is safe
3) There are no more stamps buying
if you are worry about hackers, somehow Wells FArgo will monitor the online banking system. No worries.

Answer 4

From where I live Wells Fargo is known as a great place to bank wether it be on-line or not. But on-line banking has a lot of great potentials. One... less checks to be written alot of companies are taking on-line payments less mess with envelopes and stamps and less writing and if your like me more typing , which i love, .. hope it helps .

Answer 5

Convenience and security.

You can do your banking out side of "normal banking hours". You can do your banking from anywhere. It is easy to get an snapshot of your finances whenever you want, rather then waiting for a paper statement. If you want to transfer money between accounts, you don't have to go to the bank. And if you get your statements emailed to you, there is no chance of them being stolen out of the mail.

Online banking usually offers such features as:

Bank statements, with the possibility to import data in a personal finance program such as Quicken or Microsoft Money

Electronic bill payment

Funds transfer between a customer's own checking and savings accounts, or to another customer's account

Investment purchase or sale

Loan applications and transactions, such as repayments
Account aggregation to allow the customers to monitor all of their accounts in one place whether they are with their main bank or with other institutions.

There are a growing number of so-called virtual banks that operate exclusively online. These online banks have low costs compared to traditional banks and so they often offer higher interest rates.

Answer 6

On-line banking rocks. It's free, and I must save $15 a month at least on stamps. It's so easy. (I use Chase Bank.)

Answer 7

Online banking is wonderful! It is so convenient. I pay all my bills online and they send out checks for me. NO stamps No writing checks out. Very simple. And it is generally free do use online banking.