The Basic guide to online banking

With the introduction of online banking in the society today, money transfer has been revolutionized. It is quite easy and any one can do it even from the comfort of their homes. Online money transfer to India has become popular in the past decade 

Online banking simply means being able to access your bank account directly through computers or the smart phones we possess. 

Here is a list of everything you need to know about online banking 

1.Register for online banking 

The first step to online banking is applying and registering through your bank. The whole process can be easily handled and enabled by an agent of the bank. They will give you a password to use when doing online transactions or wire transfer to India or any other country of choice. 

Registration for online banking can only be processed and done by your bank branch. Not even a third party can rectify any issues you may encounter during any processes. Be aware of any third party that may claim this kind of responsibility. 

2.Is it secure? 

Once you have finished registering, the password given should be kept safely. No one else should know about it. This password is the one that enables an individual to conduct an online money transfer to India or payment of any goods or services. The password ensures your money is secure. 

Enhance the security of your money by double checking on the details of the transaction you are conducting. Any wrong details means your money will not go through or it may go to the wrong account. Always ensure that all details entered are correct. 

When you have finished performing the transaction always ensure that you have completely logged out of the site. This will ensure no one else can access your account after you have finished  

All banks work hard at ensuring that their clients’ money is safe and secure. That is why security measures are put into place for you. 

3.Apart from Money transfer what else? 

Online banking is not only meant for money transfer but there are several other uses for it.

• Paying of bills, you can pay your bills at the comfort of your house without having to queue around.
• Buying of goods and services. You can easily purchase things and transfer the money through online banking.
• Check on your bank balance from any remote location.
• Easily get your account statements.
• Do withdrawals and deposits remotely as well. When you have come into some money and you could too far from the bank. Use online banking to deposit directly to your account.

These are just but some of the benefits of online banking.  

4.Precautions to take when using online banking. 

• Report to your bank any unusual activities that were conducted without your knowledge
  
• Never give out any personal details for accessing your online banking account.
  
• Use secured internet connections so that no one can hack into your account easily.
  
• Choose a strong password that any other party cannot guess or hack into.