7 Benefits of Online Banking
Online banking services get more robust every day. From emerging technologies to exclusive digital services, people have the ability to bank online while still accessing the same products and services as a brick-and-mortar location. If you’re looking to make the switch to online banking, now’s the time to understand the benefits of online banking and how it can help you with your banking needs.
In this quick and easy guide, we’ll cover seven key online banking benefits and how you can start banking online today. Let’s get into the advantages of online banking!
Benefit 1: Bank Wherever You Go!
Online and mobile banking makes it easy for you to do all of your traditional banking from the privacy of your home. You can also online bank wherever you have a secure internet connection. So, if you’re someone who travels frequently or can’t make it to the bank in person, online banking services can be a major advantage.
Benefit 2: Bank Whenever You Want 24/7/365!
Can’t make it to the bank before close? No worries, online banking lets you bank whenever you want. It’s available every day at any time wherever you have an internet connection. This is a great option for parents who have busy schedules, people who have to work during their bank’s business hours, or anyone who’d like to save themselves time and money driving to the bank!
Benefit 3: Products & Services at Your Fingertips
Online banking continues to adapt to members’ needs. You’ll find that many financial institutions’ online banking platforms now allow you to do things you’d typically do at your local bank branch.
For instance, with First New York Federal Credit Union’s First OnLine, you can apply for a loan instantly through their online banking platform. Depending on where you bank, you may have certain additional perks or features that can help you bank faster — say goodbye to waiting in line!
Benefit 4: Pay Bills Automatically
You don’t need to be tech-savvy to pay your bills automatically. Instead, you can set up your online bank account to make auto payments every month, so you don’t have to worry about paying off your loans or credit card bills. It will be done automatically and tracked through your online account.
Benefit 5: Transfer Funds
Need to transfer funds between your checking and savings accounts? Now, you don’t have to go in person to move the money into your account or call your branch over the phone. Instead, you can log into your online bank account and transfer money between accounts yourself. Plus, you can check out the detailed history of your accounts to easily track your spending and financial habits.
Benefit 6: E-Statements
You can easily receive and track your spending with monthly electronic accounts statements (e-statements). Through your First OnLine and FNY On-The-Go app, you can register to receive your paper statements electronically, making it easier for you to monitor your account history. Discover the six e-statement benefits you’ll want to know.
Benefit 7: Check Your Account Balances
Not sure how much you have in your checking account? That’s no problem with online banking. You can easily check your account balances anytime and anywhere as long as you have an internet connection. Plus, if you need to move money around to finance a product or service, you can do that instantly through your banking platform.
Bonus First New York Benefit: FNY On-The-Go
If you’re a First New York member, you can also download our FNY On-The-Go mobile banking app for fast and easy banking directly from an app on your mobile device. It’s free and available on iPhone, Android, and Kindle devices. All you need to be is a registered First OnLine user, and you’ll be able to use those credentials to access your account on the mobile app.
Get Started Online Banking with First OnLine!
Now, that you know the benefits of online banking, get started setting up First OnLine. First OnLine is an easy and fast way to upgrade your banking experience (all within the comfort and privacy of your home)!
If you need help setting up First OnLine or FNY On-The-Go, use our “First OnLine: Your Online Banking Platform Guide” article today, or you can contact us by texting or calling (518) 393-1326 to speak with a Member Service Specialist.*
DISCLAIMER
*Contact Center is available Monday-Friday from 7 a.m. until 6 p.m. and on Saturday from 9 a.m. until 1 p.m.
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