What is OnLine Banking?

You may think, what a stupid question!

Till some time back even I was not aware, once I was aware then, I was scare about do an online trade or purchase even checking my balance or transaction, till I became confident. I checked with my friends how they do, referred online references and got courage to do.

Now come to the point. An On Line Banking is a services which provides by many many banks, thrifts (wisdom and caution with money), and also credit unions which allows everybody to deal banking interactions over the Internet (world wide web ) using  computer, mobile-telephones, or hand-held computer such as Blackberry.  Here you may be able to do transactions like, accessing your accounts  all the round-the-clock 24 hours in a day (if your bank website and server is up), Most of the Bank especially Credit Cards providing banks even on weekends and second thing is to see account balance of yours online and check whether your deposits have cleared or not even position of the transactions, and third thing can do online is, you can check your transfered fund between many accounts. Fourth one is to downloads informations directly to your computer or personal finance software like personalizing it. And one big advantage or online banking is to receive money like eg. if you want to pay some money to me the right hand corner this page, there is button "d o n a t e", it will lead you a site called paypal where you can pay me directly, this is only example ok, :)...  and paying bills on-line (without writing check and finding the place to drop and go and drop, and still track whether it is cleared or not etc are not there if you do online banking and unnecessary expenses like buying envelopes, paying stamps)

Interesting?

About this interesting theme many can write more than me. Because I started to do online banking very recently. If anybody have more experience can share here and post as independent post,  in your  name  please Contact Us.