Wednesday

Save time by using online banking


For those who work outside the home full time, a lot of time can be saved by using online banking.  Unfortunately, those who work full time often discover they are spending a portion of their weekends running to the bank to make deposits and withdraw funds. This is inevitably followed by a trip to the post office to secure stamps to pay bills. Online banking has changed this and now, you can save time by online banking. Here are some of the time saving features that you can use when banking online:

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.