Types of Online Banking Services
Online banking services can also be referred as web banking is way of accessing an electronic payment system that allows customers of a bank or other financial institution to conduct a range of transactions through the financial institution’s website. Some banks operate as a so called direct bank (or virtual bank), where they solely rely on online services that the bank offers.
Account management is an online banking service that allows you to log in through their website and view your account information. There can be several passwords or log-ins codes you will have to put to gain access to your account. You can check your current balance and balance history. E-statement is an online banking services that allows you electronic statements, which are like your regular bank statement available online. E-statements are being guarded by electronic safeguards and the chances of identity thievery are smaller than paper statement sent through the mail – it’s recommended. Deposits and Payments is a type of online banking services that allows you to provide a routing number and money will be deposited to your account automatically, such as automatically depositing paychecks. This is done online and you can also set up automatic bills payments.