| Practically any financial transaction can be completed | | | | site, you will know it before entering personal |
| through the use of online banking. The advent of | | | | information. |
| direct deposit made getting your money lightning | | | | Online banking through Bank of America and other big |
| quick and accurate, and many banks have catered to | | | | names such as Citibank and Wachovia offer similar |
| the needs of their account holders by simplifying | | | | features through their services. For starters, you can |
| online banking features. | | | | receive online statements instead of those paper |
| Do you remember the days when you had to make | | | | ones that always seem to arrive a month after you |
| a physical trip down to your corner bank just to | | | | made the purchases listed on them. You can also |
| check the balance of your accounts and to make a | | | | utilize online bill payment and add lists of payees to |
| deposit? While you may have to take a trek to | | | | automatically transfer funds to. |
| Wachovia every once in awhile, online banking has | | | | Most online banks also allow account holders to |
| drastically reduced the necessity to do so. | | | | transfer funds between checking and savings |
| reports that the popular Bank of America offers their | | | | accounts. Popular online bank ING Direct even allows |
| customers added security features, such as | | | | you to transfer money from their service to other |
| encryption and pass codes. Bank of America even | | | | banks, such as Washington Mutual (WaMu) for free. |
| implemented a customized image security feature, | | | | Add this benefit to convenience such as online loan |
| whereby you choose an image and if you happen to | | | | applications and online banking is hard to live without! |
| land on a phishing website posing as the authentic | | | | |