SureNet Communications - Online Banking

Computers | Business Services | Training

[an error occurred while processing this directive]


			Do It - Online Banking
			On-line banking is on the rise. In a 1998 report, Ernst & Young estimates Internet banking will grow by 292 per cent over the next three years. All of the major banks provide this service. Fees vary from one bank to another. Check out these links to Canada’s major banks for more information on their programs. http://www.royalbank.ca/ http://www.mbanx.com/index2.html http://www.cibc.com/ http://www.tdbank.ca/ http://www.scotiabank.ca/ Concerned about security? Obviously, the banks are too. That's why they use security software, developed by Internet Security companies with leading edge encryption software that ensure your privacy and integrity of any personal information and account transactions transmitted over the Internet to your bank and back to you. Should you do your banking online? Check out the pro’s and con’s and find out if online banking suits your needs. Pro’s With on-line banking, you get 24-hour access anywhere there's a computer with Internet access. You can say good-bye to line-ups. On-line banking allows you to closely monitor your spending. It can display your transactions, update your accounts instantly and print-outs are always available. Most banks don't require any software, but you do need access to the Internet and in some cases, use a web browser. Banking fees vary at each bank. They're often discounted for on-line banking. For example, in-branch transactions cost 60 cents at one back we examined. Electronic transactions cost 40 cents. Con’s Some banks won't let you bank on-line unless you are 18 or 19 years old. On-line banking is easier to do, so you may end up using it more often. This could mean higher service charges for you. The convenience of on-line banking may cause you to become lax about concealing your password and keeping your statements in a safe place. You can't withdraw cash on-line. You can move it around between accounts and make bill payments, but you can't hold it in your hands. What you need: It varies by bank, but you will probably need a 128bit internet browser. These are high security versions of the browser you are now using. It encrypts the data being transmitted over the web in a way that prevents other surfers from intercepting your personal and financial information. The most common are Internet Explorer and Netscape. Your bank may tell you which one to get. Follow these links to download your high encryption 128 bit browser: http://www.microsoft.com http://www.netscape.com Is Internet Banking for you?