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Online banking FAQs

Is it a good idea to opt for online banking, is this necessary?

Each person has a different need when it comes to financial services. Some persons perform online purchases all the time; others don’t do that at all. So yes, it all comes down to the type of service you want and what you consider as priorities in regards to your finances. But yes, online banking can help you a lot, because you can manage your account online, change information and perform payments from your desktop or laptop, even your mobile phone. It’s faster, easier and certainly a lot more convenient than just going to the bank. But yes, not everyone will need it. Although you can consider it a necessity in today’s thriving online markets.

Is online banking secure?

All banks are integrating new and powerful security methods to protect your data. Some of them have at least double check security, as well as virtual keyboards and so on. Yes, almost all online banking services are secure, and they do integrate some of the latest security options on the market. So, you won’t really have to worry about any problems here, you will be more than ok with these solutions, and the results will shine each time you use them.

Do you need a software to access online banking services?

This will usually depend on the type of bank that you are working with. Some banks do require a specific software to be used, others not so much. The idea is to identify the type of bank you want to work with and talk with them. But yes, most of the time you can access the online banking services online, so there’s no need for any software.

Are online banking services encrypted?

It all depends on the bank you work with, but yes, most of the time these services will be encrypted. Encryption is very important because it provides you with the necessary protection that you may need when you handle your finances.

Does it matter what browser I use?

The online banking services tend to work with any browser, so this is not a problem. However, it does matter what computer you use. You want to avoid one that has viruses or keyloggers. This way hackers will be able to access your personal banking data and use it. So, you need to enter from a secure computer and clean browser if you want to avoid any issues.

Is an account needed for online banking?

Yes, you will have to create an online banking account. Each bank has its system of creating such an account. But yes, you do need an account like this if you want to manage your finances, so keep that in mind. It’s always important to add real information to your online banking account, otherwise you can end up with some problems.

Is there a need for the PIN number?

No, the online banking account is different and it doesn’t have any connection with your credit card. So you will not have to worry about using that number, to begin with. Instead, you have to remember the username and password for your online banking. This should not be a problem though.

Is there a problem if I stop using my online banking service?

Usually, your bank will require you to pay a certain fee for the service to be active. But if you don’t, you will just have the account canceled and you can open a new one. All the payment history and info will not be available, but your finances will not be affected in any way. So, there’s no problem, you can keep the account alive, or you can stop using it if you want. Either way, you don’t have to worry as this will have no impact on the way you use online services like this.

What happens if I forget the online banking password?

You can enter the online banking site, and that’s where you will be able to recover the password. The process is simple and very convenient, so you don’t have to worry about it. Not only that, but you will be contacted via phone most of the time when you want to change your password. So, the entire process is very secure, and no one but you will be able to change or recover the password.

Do I have to accept cookies on the site to access my financial data?

Cookies are pieces of information that reside on your computer, and the browser uses them to customize your online banking experience. The idea here is that you want to accept these cookies, as they will help improve the load time for the internet banking website, so that’s incredibly important to take into consideration.

Is it mandatory to share personal information?

This is an online service, so you will have to share some information to access it. Things like name, email address and other relevant info regarding you will be necessary, but there are lots of other things that you may not disclose if you don’t want to. Plus, aside from the bank which processes this data, you are the only person that can access this information, so you don’t have to worry about this process that much.

Can I change the password?

Yes, you can. You will need to enter the login section, select the option Forgot Password and then you will be sent an email. You can reply there and change the password as you see fit if you want to. Changing the username can be possible or not, it all depends on your bank. Most banks tend to use your email address as a username, so that can’t be changed. But if you selected a username, you will most likely be able to change that if you want, and that’s important. However, you should note the fact that these changes are stopped mostly due to various unauthorized individuals that tried to access sensitive financial information in the online world!

Is there a way to change the name of your accounts?

In case your online banking service allows you to manage multiple accounts, yes, you will be able to share a nickname for them. These are names only you can see, so you don’t have to worry about that. Of course, it’s a good idea to keep the default name just in case you forget what the nicknames stand for. But yes, most online banking services allow you to do that in case you need it.

Does the HTTPS matter?

This is an encrypted, secure connected offered in the case of online banking services. Basically, if you want to make sure that the site is secure, then you have to look for the HTTPS icon. It’s very important, and it can indeed help you a lot. Plus, you should not use any online banking service that doesn’t protect your information. You can end up with various problems if you use insecure websites, so it’s important to avoid any stuff like that if you can. It’s just a much better idea to opt for something like this as it’s better, more professional and easier to handle.

Can I change the online information?

Of course, it’s your account, and you are free to change whatever you want and whenever you want it. The great thing here is that you can modify the phone number, address and other relevant information. You don’t have to worry about anything, you just enter your account and start making those changes. You will be notified if there are any issues or not, so try to keep that in mind if you want to get some good results.

Are the online banking systems paperless?

You have to go to your bank, talk with the representative and complete some papers. Then you will be paperless, yes. You can access all the info online, and you can print it only if you want to. This removes the hassle, and it also makes the entire process a lot more convenient in the end.

Can I see and download previous statements?

Yes, the online banking systems keep all your records. So, even if you need something from a few years ago, you will be able to access it. This delivers a great sense of convenience and value, and it makes the entire experience of using online banking services a whole lot easier. Of course, you will not be able to delete these. The bank knows you may end up needing them at some point so that they will be available in your account at all times. However, you are the only one to access this information, so no one will be able to see or access it.

Do banks have any helpline for this?

Most banks will have their helpline for online banking, or you can use the regular helpline. The idea is that regardless of what happens, you can still get some very good support from the bank and solve the issues at hand. That makes this type of online banking service very efficient and reliable, unlike any other service like this that you may find in the online world.

Are the online banking services free of any internet attacks?

Technically, the online banking services are the most secure ways to keep your financial information. But as you know, hackers are becoming better and better, so nothing is safe from them in the entire world. Yet if you want to keep your financial data online, then online banking is the best way to maintain your data safe and without any issues. The results can be more than ok in the end; you can rest assured of that.

Can you use online banking on your phone?

This all depends on the bank you are using. Of course, you can access the online interface from any phone without any problem. But on the other hand, if you want a dedicated mobile phone app, not all banks have that. It’s going to be different on a bank to bank basis. But still, the results you can get this way are more than impressive, and you shouldn’t have to worry that much about performance and results as a whole.

How can you keep your online banking account safe?

The first thing you want to do is to keep your personal information to yourself. Make sure that you don’t share this info with anyone, as you want to avoid any information leaks or anything similar to that. Moreover, you shouldn’t use the same email, username, and password that you use for other accounts. It’s just a much better idea to keep everything to yourself and avoid problems, because that brings you the very best experience and outcome in the end.

Do you need an authenticator?

It all varies according to each bank. Some banks use USB authenticators, others just require your mobile phone and they just send a message to it. This will be different from one bank to the other, but it still helps you make sure that no one accesses your account. And, as you can imagine, this is a very important thing to keep in mind.

Do I have to do any updates?

Thankfully, that is not the case. Online banking systems will automatically update on their own. Since everything is cloud-based, you just have access to the service and the service is updated at all times. This raises the overall amount of convenience, and it makes the entire process a lot more interesting and better for you as a whole.

Are all transactions appearing via email too?

In case you use online banking to make transactions, some of them will appear in your email, others will not. This will vary based on the bank you work with. But yes, if you do spend money via the online banking account on things like bills, for example, you are going to receive an email if the service is supported.