The banking world is changing very fast. More and more transactions are happening electronically. Employers and the government increasingly prefer to make electronic payments. The cost is far less than using paper checks. Last year for the first time ever, more total electronic payments were used in the US than paper check payments. This trend will only continue.

Online Banking

Online banking is an easy way to keep up with your personal finances. If you have a bank account and access to a secure computer, you can check your bank balance, pay your bills, transfer money between your accounts and borrow through a single online account on the computer. Generally, you can connect directly to your account through your bank or credit union’s website.

Paying your bills online

With online banking, you can pay your bills using a computer. If you have trouble keeping up with paying bills on time, you can set it up so that your bank will pay certain bills automatically each month. If you'd rather review and authorize each bill before it is paid, you can do that too. You always have a record of what was paid and when.