Direct Deposit
Depositing your paycheck directly to your checking
or savings
account means you do not have to make a special trip to the bank
to make a deposit. In addition to the time savings, you have the added benefit
of the funds being available almost immediately after your employer makes the
deposit. Naturally you have these benefits without using (or needing)
online banking but, online banking allows you to see exactly when new deposits
are made.
Online Bill Pay
Paying bills takes a fair amount of our time each month.
Insurance payments, tax payments, automobile payments, rent or mortgage
payments and more take time to write up and balance your checkbook.
Instead of spending that time every single month writing out checks, you
can set up online bill payments. You simply add your payee, the amount,
the due date and set it up once and literally forget it. No more running
out of stamps at the last minute, no more fighting to see where you missed the
dollar on your checking account statement and no more late payments.
Balancing Your Checkbook
Unless you write a lot of paper checks and do not depend on
an online
bill payment system, your time to balance your checkbook should change
considerably. In fact, if you do most of your banking online, you can almost
eliminate needing to balance your checkbook. Instead, log into your online
account and you'll see your balance, all your deposits and all your
checks right in front of you. Few things could be easier.
Online banking can save time and can save money as well. You
can reclaim the hours you spend writing out checks to pay bills, reduce (or eliminate)
trips to the bank and reduce your trips to the post office. Just think about
all of the things that you can do with the time you save by using online
banking.
