Online banking is a virtual bank. It will not be wrong to say you will be dealing with a virtual account as well. The most important part is all that goes on in the virtual banking world is very real. The truth about online bank accounts is that it is only the way things are done which is hidden, but everything else is real. All transfers taking place are real, and so are the transactions, only that we do not see who does the work as in physical banks.
Below are some of the things you need to keep in mind, they will help you make the right choice
The very first thing you should look at is the annual percentage
This is the amount of interest you will be earning from your deposits. Not all online accounts earn you interest for deposits. Some will need you to maintain a certain minimum amount.
You should also seek to know how easily and fast you can access your cash
This will help you lots in case you get an emergency and forced to withdraw that cash. It is also important to find out if your current accounts can be linked to an online banking system.
Carefully check on services and products offered before opening an online account
Is online bill payment a feature? It is among the best features of online banking as it makes your monthly bill payments pretty fast. Look for any additional features offered by different banks as you do your online bank hunt.
Another very important thing to look at is how the bank serves you as a customer
How first do they reply to your questions or respond to complaints? The kind of service a bank can offer should be a top priority as you choose an online bank.
Also, find out if the online banking account you are thinking of has an automatic saving plan or not
The feature is known as “auto-piloting a plan” such features are important when comparing the accounts. In the long run, you will get maximum satisfaction as a customer.
Security is key when it comes to banks and more so online banks. You should find out the security measures practiced by different banks. Antivirus updating and hacker proof features should be available on their sites. The last thing you can risk is your account number and credit card numbers.…
Technology has majorly impacted our lives. From communication benefits, education benefits to transportation benefits, technology has made our lives much smoother.
Benefits of technology
Technology has made transportation much easier for us. In the past, when technology was not developed, people had lots of difficulty in traveling from one place to another. It took some months to reach a foreign country. However, thanks to technology, we now have high-speed cars, buses, rails and air crafts. It takes just 4 or 5 hours to travel from one country to another via flights. Because of underground bullet trains, we are now able to travel anywhere within our city in a few minutes. Transporting goods has also become much easier. Trucks can carry all the heavy items from one place to another.
Technology has also made our daily lives much easier. In the past, everyone struggled to cook their food. To get water, people had to walk for several miles. Life was very tough back then. However thankfully, we now have everything within our reach. To get water, we don’t have to go outside anymore. We can get fresh water directly from our aqua guard. We have washing machines to wash all our clothes and dishwasher to wash all the dishes. Whenever we feel hot, we can just switch on the air conditioner. Thus, our daily lives have become much easier after the advent of technology.
Technology has also made communication much easier. In the past, letters were the only way to communicate with faraway friends and relatives. However, after the invention of mobile phones, communication was no longer an issue. We can now call any person at any corner of the world. Apart from voice calls, we can also make video calls, thanks to Skype and other platforms. Other than that, social networking websites like Facebook have also brought the world together at one place. Thus, maintaining a relationship with our friends and family is no longer a problem.
Technology also had a major impact on education. Thanks to the Internet, students can find information about anything in the world. Classroom teaching has also changed. Thanks to smart boards and other modern educational tools, learning has become much more fun and effective. Other than that, because of video conferencing facilities, lectures of one college can be seen from other colleges as well. Video Conferencing facilities are also used by big organizations to conduct meetings.…