Total Online Banking

You can enjoy plenty of online savings when you do all your banking on the web. Not only will you not have to stand in line on paydays and before vacation weeks, you can access all your account information just by clicking a few buttons. You can enjoy many online savings when you begin to do your banking in just this way.

There are those people who are completely satisfied having an online savings account. They are not utilizing all that is available when they do it just this one way. You can do all your checking online as well, and save fees and avoid late payments on bills you have often racked up plenty of fees.

If you are searching for the services that will best suit your personal or business finances, you need look no further than online savings from banking. You can find an online checking account that will not charge a fee for utilizing their services. They may even pay a high yield on the money you have in your checking account balance.

Banks are offering more and more online savings as incentives to get you to start online banking right now. Right now, today, you can get a high yield savings account that is available to you online. There are unique features that come with the High Yield Savings account. You usually receive checks for you to access your money. You won't want to do that in order to get the most from your investment.

What a high yield savings account can offer you online is a higher APY or Annual Percentage Yield, than you can earn from a bank that is made from mortar and bricks. You will be rarely charged fees for minimum balance requirements as well as fees for a balance that doesn't meet the lowest requirements. You can just about open a High Yield Savings account with the measly sum of one dollar.

With online banking, you can link your many accounts and see all balances that are available to you at all times with just a click. You can soon become master of your financial future, using all the tools online that can offer you savings in areas you would have never thought to look.

Many features people like about a High Yield Savings Account are that they typically allow unlimited access to account linking. This allows you to manage many different accounts with a lot more flexibility. You can just pass money through your account and completely bypass the use of snail mail entirely.

Some of the drawbacks to this system are that they have a long time that they hold deposits. Sometimes it can be as long as ten days. Many people cant wait that long, especially since companies they are paying are waiting far shorter time periods for their checks to clear.

If you have ever used a High Yield Savings Account, you can have your opinions heard by sharing your experiences with other readers who are looking for the same online savings that you are.
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Finance Banking Online Banking Practices

There are many online banking practices that offer more security features to bank customers that prefer to do all of their financial transactions through an internet portal or other financial outlet. These online banking practices are in place to reduce the threat of fraud and hinder the efforts of thieves who are interested in stealing not only your identity but all of the money in your accounts.

Many banks have altered their online banking practices by requiring customers to use specially encoded debit cards to receive money from an ATM. These debit cards require the customer to use a Pin Code during the transaction. The online banking practices would be lax if any banking card could withdraw funds from an account for any length of time and banks realize this and change some Pin Code expiration dates so that they will expire in 30, 60, or 90 day time periods.

Other banks have two debit cards available for issue and customers can alternate the use of each card to take care of a particular account, or to do their banking at a specific location. One of the banking practices makes it impossible for a card to be used in any other ATM. The debit card will work at the parent branch, but it can not be used to transfer money to banks, credit card accounts or at online retailer location.

Other online banking practices have been instituted to limit the amount of money that can be withdrawn from an account at any time. The daily limit can be set up in advance by the customer. The security features for this practice may seem tedious at times because customers lose access to large sums of money for emergencies. Some banking practices allow for emergencies and let customers use certain codes to withdraw more than the daily norm.

Many online banking practices make it impossible for banking customers to use any banking instrument for online gambling purposes. Banks have realized the great lengths that thieves will go to deplete money from bank accounts and feel that it is in the best interest of the customer if they prohibit gambling using money from credit limits that they set using their banking policies.

Many companies set up their own banking practices for their business accounts. Clients can use payment websites to transfer payments for services rendered by a company and the business is protected from fraud on several levels. The banking practices in place by the company prohibit any client from knowing the financial institution where the money is transferred to or the account number.
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Banking On Good Service At Banks

Any person that deposits their money in a financial institution is actually banking on good service at banks. The money might represent the success of a whole lifetime of going to work and many people expect their nest eggs to receive the best of care when they are handed over to the banking professional at the teller window. Other customers might not have much in the world but still expect to be treated fairly.

Some banks do not offer various services so it is impossible for some bank customers to continue to expect them. They are banking on good service at banks that comes from close personal contact and friendly conversation. Some banking customers look forward to visiting their local braches because the friendly contact is their only exposure to people that they have on any given day.

When banking on good service at banks, many banking customers who have held accounts with a specific bank branch for many years will clearly expect to be recognized when they walk in the door of the branch on a Friday afternoon. A busy time of the day does not take precedence over making a customer feel welcome and special, and when some banking customers are ignored, they feel obliged to withdraw their funds and find another bank that will cater to their needs better.

People know that banking on good services at banks is clearly worthwhile when they receive all of the services that they require in a fast and expedient manner. They are also banking on their investments being safe by expecting the same great service standards that they receive during normal banking transactions to be applied to all of their investment accounts too.

If they get poor service from any bank employee they might take the time to reconsider the trust that they have placed on them taking care of their investments and this reconsideration could cost the bank branch millions in lost revenues. When banking on good services at banks, people are also relying on them to take care of their financial futures and some people follow their accounts very carefully.

The importance of the trust that people put into the banking professionals that handle their investments is not taken lightly. The trust involved in this area of banking can not be stressed enough, because if their money was not safe and handled properly all of the time, the account holder stands to lose money in their money market accounts and individual retirement accounts.

People do not trust their places of employment to handle all of their retirement accounts because some people have been robbed of their life savings while corporate leaders enjoyed the best that life had to offer at their expense. People are now banking on good service at banks to keep their investments safe and secure. Account holders are wary though because all it takes is one clerk who is not interested in the well-being of their customer to reduce their life savings to nothing in a matter of minutes.
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Understanding Virtual Banking

The technology has helped banks to improve its services and even offer some on a 24 hour basis thanks to the availability of account information, transfer of funds, bill payments and account management services that customers can access online by logging into the their personal page on their bank's website. Customers need a personal and confidential password to log in to the website just like the personal identification number used at the automatic teller machine.

Internet banking has been a welcome option for many customers but quite a number of sceptical customers still prefer to do it the old way. This group comprises those who may not be too comfortable with computers nor with the internet. It has certainly improved the pace at which business is transacted.

Gone are the days when you had no chance of paying that late bill in time because you remembered it when the bank was already closed, you can always get home and pay it electronically. And sending money to a friend or child in need no longer needs to be expensive and time consuming. And we can save the paper and sign less checks or none at all.

It is the growing number of virtual banks that are threatening traditional banks as we know them. Virtual banks offer most if not all their services online and are therefore able to offer customers no charge transactions and higher interest rates. ING and HSBC are good examples of virtual banks.

ING started its operations in Europe and is now established in North America. It is able to offer customers no account fees savings accounts at a higher rate than regular banks, there is no charge either for withdrawals at certain levels. ING also offers very competitive mortgage rates with many flexible options that traditional banks are just catching up to. And most of the services can be done online and completed by phone or by one time paper work.

Although internet banking is a welcome option that makes the lives of customers easier and improves business efficiency, it faces a negative aspect in terms of the chances of fraud. Electronic fraud occurs when criminals get hold of an account holder's details and log in names or password and use their account or move money from the account.

They may do this by hacking which is a way of illegally surpassing a website's security barriers to gain access to confidential information, or they may do so through phishing. Phishing is a practice whereby an account holder receives an email purporting to come from their bank asking them to confirm their bank details like names and passwords. They then use these details to access their accounts.

Sometimes confidential information falls on the wrong hands due to client carelessness; this is something banks cannot control. Banks try to use the latest security technology available to protect their clients
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Getting a Job in UK Banking

Getting a job in banking can be a drawn out process as recruitment cycles often take up to 6 months and the top banks may look at hundreds of candidates for a single post and go through 2 or more interviewing stages often in addition to a competency assessment. If you already work in banking or the finance sector you may be familiar with the recruitment process and if you're looking for a change of career within banking this article will discuss briefly the best approach to successfully finding a new job.

Agency or direct

At the start of your journey to find a perfect banking job you will usually be faced with 2 routes (although you can take both simultaneously). Whether you should use a recruitment agency to source suitable opportunities for you or go direct to financial institutions with your applications.

Using an agency

Agencies are widely used in financial recruitment particularly for skilled banking jobs as the recruitment process is a labour intensive one often comprising of weeks of processing under qualified or inappropriate candidates before arriving at a list of high quality potential employees. The banking sector more than most appreciate the added value of dealing with an agency for some or all of their recruitment rather than managing their own extensive human resources based recruitment programme.

Recruitment agency consultants are driven to match the best candidates to the clients banking jobs, usually more so than the person to whom responsibility falls within the client institution- often the HR department or busy heads of department who may not have the required time to properly process high volumes of applications.

For the candidate, using a recruitment agency can also offer some distinct advantages over applying directly to individual companies in response to banking job vacancy advertisements. An agency will be working closely with the banks with a range of vacancies both current and upcoming available. If an advertised vacancy does not prove to be suitable your recruitment consultant will often be able to recommend an alternative position to apply for.

If you have the skills and experience that an agency is looking for they will actively seek out new opportunities for you as they become available, this can take much of the time consuming work out of applying for a new job in banking as agencies will only put candidates forward for positions they feel they are well suited for and capable of obtaining. Agencies can also deal with the initial contacting of the financial institutions and get interviews arranged on your behalf.

Going direct

Many applicants prefer to go direct to recruiters rather than going through a specialist recruitment agency as this allows them to make direct contact with the companies they are applying for and pick their applications based on job vacancies posted by the banking institutions.

The easiest way to find job vacancies if you want to apply straight to a recruiter are to search job listings on online job boards, newspapers and corporate websites. The downside of applying for jobs this way is the time it can take to find appropriate advertisements, approach the recruiter, submit applications and arrange interviews often based on limited information about the position you are applying for.

Choosing an agency

If you choose to use an agency to find you a new job in banking it is important to approach an agency who understand the unique and often specialist nature of the banking industry and have direct relationships with the banks themselves. Banks will often not deal with recruitment agencies whom they do not have a working relationship with due to their HR procedures. So make sure the agency representing you are talking to the banks or financial institutions directly and are on their preferred suppliers lists.

The main advantage of an agency is having an agent working on your behalf so make sure you get on with your agent and you feel comfortable with them representing you in front of potential employers- if an agent expects you to lie about your skills or experience on a CV its unlikely they're working for your best interests.

Writing a CV

The CV is a critical part of successfully applying for banking jobs as its all an employer has to go on when deciding whether or not to invite you to interview. As the people up against you for banking jobs are going to have often very similar skills and experience due to the nature of the industry your CV has to not only be watertight in terms of the information it gets across but also make you stand out from a crowd of other financial experts. Banking is still a formal institution and you resume should reflect this, but some creativity will help to show your character and the effort you've put into your application- think about ways of presenting your CV with a unique personal touch, if you're photogenic a picture of yourself is often a good start (don't forget to smile!).

Again a recruitment agent should be able to help you get your CV up to a standard where they are confident it will be acceptable by the banks and financial institutions whom will be recruiting. There are lots of template CV's and CV writing advice available online by searching for 'banking job CV'.

The interview

Interview skills are a subject in their own right and beyond the scope of this article. There's a lot of things to remember you should and shouldn't be doing in an interview but most of these are common sense things about the way you want to present yourself. The best advice ultimately is make sure you do yourself justice, listen to the interviewers and think about the sort of things they want to hear from you. They want to find out about your personality and character as much as anything else so show you are a person they'd like to work with.

Again a Google search for 'interview tips' will give you plenty of helpful advice and a recruitment agent will also help to prep you before setting you up with interviews.

Good luck finding your dream job in banking.
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Benefits Of Online Banking

The banking system has also changed adequately, with the changing times. Today, you need not visit your bank to conduct most of your banking transactions. Computer technology has made virtual banking possible and it is actually becoming a very popular way of banking. In online banking, you can transfer money, get or alter your account information, pay your bills, order debit cards or checks and even apply for a bank loan at the click of a mouse. The online services would not be the same with all banks.

One of the biggest advantages of online banking is conducting the transactions from the comfort of your home. It saves the hassle of going physically to the bank and spending the time that can be put to better use. Paying bills online becomes much easier. Many banks offer online calendars, which assist in the timely payment of bills and prevent default. However, all transactions cannot be done online. There are some that would require personal interaction with the bankers.

The online banking services are offered free to customers, by many banks. Some banks charge a certain amount for the use of this facility. Banks with a wide network of branches normally have the online banking facility, whereas smaller banks may not offer the service. In case you want to avail of online banking, it is better to find out directly from your present bankers if the facility is available and the charge associated with the service.

Online investment can be beneficial if conducted with a bit of caution. Familiarity with the system and procedure of online investment is essential. Investing small amounts initially helps to reduce the risk factor. Once you are confident enough, the amounts can be gradually increased.

Online investment should be made after thorough research. Online research can be done in the privacy of your home. Other resources, like newspapers and financial magazines also offer assistance in tracking investment opportunities. The information available online is usually accurate and reliable, to decide on the amount of investment. The websites are regularly updated and the available information may have been posted just hours ago. Some reputed financial websites offer quotes that are merely minutes old. Online information on investment is available 24 hours a day and 365 days a year.

There are financial websites that allow you to customize the information you want to see. By signing up with them you would be presented with selective information that you want every time you access your account.

Like every other system, online banking and investment also have disadvantages. One of them is having your information online, which is a security concern. Many people consider online information to be insecure. However, if your bank or investment company websites are available online, you can be sure that all information on your investment is secure. You can take extra precaution by using passwords at least six or eight characters long and alphanumeric in structure. Avoid replicating or keeping the same password for all accounts.

There are many benefits of Internet banking and investment. However, in view of the hi-tech cyber crimes these days, it is advisable to proceed with caution while conducting online transactions.
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Banking - Banking And Online Banking - The Business Of Banking

Banks provide banking services for profit. The banking services comprise of receiving deposits of money, lending out money and processing various transactions. These are the services which banks conventionally follow. However, some banks issue banknotes also as legal tender and many offer ancillary services like selling insurance products, investment products and stock broking for earning additional profit. Presently, the business of banking has become regulated and banks require authorization to trade in most jurisdictions.

The advent of online banking

Today banks are no more simple bookkeeping concerns as they were initially set up as. Now there are the electronic records involved in all spheres of banking activity together with the usage of sophisticated technologies. Tested and fool proof methods have come to be used now for monitoring all banking activities. Advanced technologies have made the wide range of banking services-from transactions to accessing of the accounts much more easy and convenient. And now all these have converged into online banking.

Online banking has emerged as the best and most suitable of all technologies employed in banking by incorporating all advancements. Online banking involves the use of personal computers to access the accounts and ATM cards for withdrawing money. It does away with the necessity to always seek the bank authorities' approval for carrying out the various transactions.

Online banking services

Though all the established banks having a multinational presence offer online banking services some small banks having a low consumer base may still not be offering this. In order to secure an online bank account the concerned banks offering these need to be consulted. An online account application is often called for in order to review the financial rating of the online bank account aspirant. Having a good credit rating will help one stand in good stead in starting up the online account.

Upon securing an online bank account one can avail of the various net banking facilities. The account holders will be handed the account name/number together with the secret password/PIN. This account can be accessed from a (personal) computer conveniently. In this way one can easily start making good use of the many online banking services available via one's online account.

With banking services going online a new era of banking is fast emerging. Indeed, banks will expectedly soon become online entities for us and the queues and hassles which are oft faced at a bank counter will be a thing of the past.
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