Online Banking

If I set up online banking on the computer and then decide to cancel online banking will that cancel my bank account.

no...they will just cancel the access that you have over the net....you will still need to close the account if thats what you want to do

2006-11-17 17:27:38 by c_uber

There are security flaws with many online banking websites. Learn what holes there may be in your banks security plan.

My bank keeps asking me if I want to do the online banking. I keep saying no. I am concerned about the security of online banking. I know sending checks in the mail can be a risk to. However, I just think its a bigger risk putting your personal information on the world wide web for someone to gain access to. Is it logical to feel this way?

It's completely logical. I'm the same way. I won't do any kind of banking or bill paying online. I still pay my bills the old fashioned way.....the check's in the mail. Online banking is not a risk I'm willing to take.

2007-03-02 16:36:44 by hbuckmeister

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other than BankAmerica what banks offer online banking

Most of the national banks and a number of Union banks offer online banking. If your thinking about switching banks, ask your friends or co workers about there banks. Ask them if they like the services there bank provides, fees, online banking, etc.

2006-10-31 18:14:44 by Magee8118

Or is money wired to the payee from my bank? Doesn't online banking cost the bank money? How come banks don't charge for this service. I'm not naive I know they pass on the cost to me but how?

Online banking is a bigger term than simply online bill pay. There are several ways your bank can pay your payee - one is that they simply mail a check. The other, if they do a lot of business with the payee, is to simply make an electronic payment (ACH) to your payee - usually places like your electric company. Another way, if the payee banks at the same bank, is to simply deposit money to the payee's account at the bank.

Any of these cost the bank no more than if you had written a paper check or had initiated an ACH/wire transfer and in some cases, costs them less.

Some banks offer these services for free, others don't. One of my banks charges me about $0.65 to send a check from the bank but doesn't charge me to electronically pay someone. Another of my banks charges nothing to send a check but they don't like doing an ACH so they charge me for that.

In the long run, nothing at a bank is free - it will be paid for somehow. Usually with banking fees.

2007-10-31 12:06:12 by HSB

I heard that if you pay credit card bills with online banking that it wont help you build score. Im trying to pay off a credit debt and im paying with online banking instead of driving to the bank.

Paying it off is..........paying it off...
doesn't matter if you pay it off in pennies!!
HOW you pay it off matters NOT!
As long as it's NOT LATE

2008-01-28 14:55:07 by redwing90022