Start Internet Banking Steps to login Learn more about how to login on receiving your user ID.

Why do you need Internet Banking? Learn more about ICICIBank.com and the services available. login to your account Choose this option to loginto ICICIBank.com. Please click here for the steps to login. Get your user ID Click for information on how to apply for your Internet Banking user ID. How to link your Bank account, Credit Card account and Demat account Choose this option for information on linking your bank account, credit card account and demat account. Trouble logging in? Choose this option if you are having trouble logging into your account. Steps to Login You will receive two pin mailers from ICICI Bank Internet Banking User id, Login password and Transaction password.

Check that the pin mailers arrive in a sealed condition, else please contact our 24 hour Customer Care Centre.

Key in the user id and password on the website and press LOGIN. After you request for a new password, the system would prompt for change in passwords. Your password should be atleast 8 characters long. We recommend you to change both transaction and login password. Passwords are case sensitive. Your internet banking account is locked in case you enter wrong user id and password 3 times. Always log out of ICICIBANK.COM when you have finished your activities. Login Learn More

Maximise Internet Banking Security ICICI Bank.com uses the sophisticated multi layered architecture with digital certification from Verisign and 128 bit encryption facility to ensure security of your online transactions and

confidentiality of your data. However the following information is provided as a guide to assist you in protecting the information on your computer. It is not an exhaustive list and is intended for information purposes only. You need to enter your Internet Banking User id and password each time you access your internet banking account. Since your access is protected by this password it is very important that you protect your password, by making it known ONLY to you. The system prompts you to change the password on first time login. We recommend that you change both login and transaction password. Your password should be atleast 8 characters long. Passwords are case sensitive. Do not use your date of birth, telephone number, address, your name or the name of a friend or relative in your password. Your internet banking account is locked in case you enter wrong user id and password 3 times. Passwords are case sensitive. Change your password regularly. Ensure that you are not observed while entering the password. Never leave your computer unattended while you are logged in to ICICI Bank.com Always logoff from Internet Banking upon completion of your session. Use the Logout button for closing the session. It is preferable not to shut the window to log off. Disable the option on browsers for storing user names and passwords. You can refer to the help section available on your browser for instructions

What's New
E-Payment of Motor Vehicle Taxes & Fees of West Bengal Govt SBI Fx Trade: Currency Future Trading Viewing of Tax Credit Statement (Form 26AS). Payment of 'National Permit' fee Request for a Gift Card online. Open Term deposit accounts online and get e-TDR/e-STDR receipts instantly. Access your pension slip through enquiry menu. Enquire about tax deducted on the interest earned by your deposits. Online NRI e-Z trade 3 in 1 account introduced. Transfer funds to any Bank from your SBI Account using RTGS/NEFT Facility.

Value Added Services

Online fee collection facility for Staff Selection Commission (SSC) and Union Public Service Commission (UPSC). Discover a Simple, Secure and Convenient way to pay all your Utility Bills at OnlineSBI. e-Rail reservation service using SBI accounts. Mutual Funds investments handled with SBI accounts. SBI e-Tax:Online payment facility for retail users and corporates. Credit Card (Visa) Bill Pay. Use your 3-in-1 account to trade online
eZ-trade@sbi with MOSL. eZ-trade@sbi with SSL. NRIeZ-trade@sbi with SSL.

Safe Online Banking

State Bank Empowers you with KnowledgeSkillsFeatures

Personal Banking - Key Features

Account Statement Funds Transfer Demat Account Statement Bill Payment Cheque Book Request TDS Enquiry Online banking (or Internet banking) allows customers to conduct financial transactions on a secure website operated by their retail or virtual bank, credit union or building society.

Contents
[hide] 1 Features 2 History 3 Security 4 See also 5 References 6 External links

[edit] Features
Online banking solutions have many features and capabilities in common, but traditionally also have some that are application specific.
The common features fall broadly into several categories Transactional (e.g., performing a financial transaction such as an account to account transfer, paying a bill, wire transfer, apply for a loan, new account, etc.) Payments to third parties, including bill payments and telegraphic/wire transfers Funds transfers between a customer's own transactional account and savings accounts Investment purchase or sale Loan applications and transactions, such as repayments of enrollments Viewing recent transactions Downloading bank statements, for example in PDF format Viewing images of paid cheques

Non-transactional (e.g., online statements, cheque links, cobrowsing, chat)

Financial Institution Administration Management of multiple users having varying levels of authority Transaction approval process Personal financial management support, such as importing data into personal accounting software. Some online banking platforms support account aggregation to allow the customers to monitor all of their accounts in one place whether they are with their main bank or with other institutions.

Features commonly unique to Internet banking include

[edit] History
The precursor for the modern home online banking services were the distance banking services over electronic media from the early 1980s. The term online became popular in the late '80s and referred to the use of a terminal, keyboard and TV (or monitor) to access the banking system using a phone line. Home banking can also refer to the use of a numeric keypad to send tones down a phone line with instructions to the bank. Online services started in New York in 1981 when four of the citys major banks (Citibank, Chase Manhattan, Chemical and Manufacturers Hanover) offered home banking services[1] using the videotex system. Because of the commercial failure of videotex these banking services never became popular except in France where the use of videotex (Minitel) was subsidised by the telecom provider and the UK, where the Prestel system was used. The UK's first home online banking services[2] was set up by Bank of Scotland for customers of the Nottingham Building Society (NBS) in 1983.[3] The system used was based on the UK's Prestel system and used a computer, such as the BBC Micro, or keyboard (Tandata Td1400) connected to the telephone system and television set. The system (known as 'Homelink') allowed

on-line viewing of statements, bank transfers and bill payments. In order to make bank transfers and bill payments, a written instruction giving details of the intended recipient had to be sent to the NBS who set the details up on the Homelink system. Typical recipients were gas, electricity and telephone companies and accounts with other banks. Details of payments to be made were input into the NBS system by the account holder via Prestel. A cheque was then sent by NBS to the payee and an advice giving details of the payment was sent to the account holder. BACS was later used to transfer the payment directly. Stanford Federal Credit Union was the first financial institution to offer online internet banking services to all of its members in October 1994.[citation needed] Today, many banks are internet only banks. Unlike their predecessors, these internet only banks do not maintain brick and mortar bank branches. Instead, they typically differentiate themselves by offering better interest rates and online banking features.

[edit] Security

Security token devices

Protection through single password authentication, as is the case in most secure Internet shopping sites, is not considered secure enough for personal online banking applications in some countries. Basically there exist two different security methods for online banking.
The PIN/TAN system where the PIN represents a password, used for the login and TANs representing one-time passwords to authenticate transactions. TANs can be distributed in different ways, the most popular one is to send a list of TANs to the online banking user by postal letter. The most secure way of using TANs is to generate them by need using a security token. These token generated TANs depend on the time and a unique secret, stored in the security token (this is called two-factor authentication or 2FA). Usually online banking with PIN/TAN is done via a web browser using SSL secured connections, so that there is no additional encryption needed.

Another way to provide TANs to an online banking user is to send the TAN of the current bank transaction to the user's (GSM) mobile phone via SMS. The SMS text usually quotes the transaction amount and details, the TAN is only valid for a short period of time. Especially in Germany and Austria, many banks have adopted this "SMS TAN" service as it is considered very secure.

Signature based online banking where all transactions are signed and encrypted digitally. The Keys for the signature generation and encryption can be stored on smartcards or any memory medium, depending on the concrete implementation.

Attacks Most of the attacks on online banking used today are based on deceiving the user to steal login data and valid TANs. Two well known examples for those attacks are phishing and pharming. Cross-site scripting and keylogger/Trojan horses can also be used to steal login information. A method to attack signature based online banking methods is to manipulate the used software in a way, that correct transactions are shown on the screen and faked transactions are signed in the background. A recent FDIC Technology Incident Report, compiled from suspicious activity reports banks file quarterly, lists 536 cases of computer intrusion, with an average loss per incident of $30,000. That adds up to a nearly $16-million loss in the second quarter of 2007. Computer intrusions increased by 150 percent between the first quarter of 2007 and the second. In 80 percent of the cases, the source of the intrusion is unknown but it occurred during online banking, the report states.[2] The most recent kind of attack is the so-called Man in the Browser attack, where a Trojan horse permits a remote attacker to modify the destination account number and also the amount. Countermeasures There exist several countermeasures which try to avoid attacks. Digital certificates are used against phishing and pharming, the use of class-3 card readers is a measure to avoid manipulation of transactions by the software in signature based online banking variants. To protect their systems against Trojan horses, users should use virus scanners and be careful with downloaded software or e-mail attachments. In 2001 the FFIEC issued guidance for multifactor authentication (MFA) and then required to be in place by the end of 2006.[3]

[edit] See also

Current account Enhanced Telephone Guide to E-payments Mobile banking On-line and off-line SMS Banking Telephone banking

[edit] References
1. ^ Cronin, Mary J. (1997). Banking and Finance on the Internet, John Wiley and Sons. ISBN 0471292192 page 41 from Banking and Finance on the Internet. http://books.google.co.uk/books?id=l94FEslMu4C&pg=PA41&lpg=PA41&dq=pronto+home+banking&source=web&ots= EANGZE3BIP&sig=stuB2zgENrZkD8BjiSKOriVABCI&hl=en&sa=X&oi=book_res

ult&resnum=4&ct=result#PPA41,M1. Retrieved 2008-07-10. . See also "The Home Banking Dilemma". http://www.atariarchives.org/deli/home_banking.php. Retrieved 2008-07-10. and "Computer Giants Giving a Major Boost to Increased Use of Corporate Videotex". Communications News. 1984. http://findarticles.com/p/articles/mi_m0CMN/is_n10_v21/ai_586601/pg_6? tag=artBody;col1. Retrieved 2008-07-10. 2. ^ Security Flaws in Online Banking Sites Found to be Widespread Newswise, Retrieved on July 23, 2008. 3. ^ OCC 2005-35

An Introduction
With cybercafes and kiosks springing up in different cities access to the Net is going to be easy. Internet banking (also referred as e banking) is the latest in this series of technological wonders in the recent past involving use of Internet for delivery of banking products & services. Even the Morgan Stanley Dean Witter Internet research emphasised that Web is more important for retail financial services than for many other industries. Internet banking is changing the banking industry and is having the major effects on banking relationships. Banking is now no longer confined to the branches were one has to approach the branch in person, to withdraw cash or deposit a cheque or request a statement of accounts. In true Internet banking, any inquiry or transaction is processed online without any reference to the branch (anywhere banking) at any time. Providing Internet banking is increasingly becoming a "need to have" than a "nice to have" service. The net banking, thus, now is more of a norm rather than an exception in many developed countries due to the fact that it is the cheapest way of providing banking services. You can also read following special features already published in banknetindia.com: 1. Budgeting for E-Banking 2. Whither Internet Banking 3. E-Finance 4. Internet banking

INTRODUCTION The Internet banking the major effects on Dean Witter Internet for retail financial is changing the banking industry and is having banking relationships. Even the Morgan Stanley research emphasised that Web is more important services than for many other industries.

Internet banking involves use of Internet for delivery of banking products & services. It falls

into four main categories, from Level 1 - minimum functionality sites that offer only access to deposit account data - to Level 4 sites highly sophisticated offerings enabling integrated sales of additional products and access to other financial servicessuch as investment and insurance. In other words a successful Internet banking solution offers Exceptional rates on Savings, CDs, and IRAs Checking with no monthly fee, free bill payment and rebates on ATM surcharges Credit cards with low rates Easy online applications for all accounts, including personal loans and mortgages 24 hour account access Quality customer service with personal attention

DRIVERS OF CHANGE Advantages previously held by large financial institutions have shrunk considerably. The Internet has leveled the playing field and afforded open access to customers in the global marketplace. Internet banking is a cost-effective delivery channel for financial institutions. Consumers are embracing the many benefits of Internet banking. Access to one's accounts at anytime and from any location via the World Wide Web is a convenience unknown a short time ago. Thus, a bank's Internet presence transforms from 'brouchreware' status to 'Internet banking' status once the bank goes through a technology integration effort to enable the customer to access information about his or her specific account relationship. The six primary drivers of Internet banking includes, in order of primacy are: Improve customer access Facilitate the offering of more services Increase customer loyalty Attract new customers Provide services offered by competitors Reduce customer attrition

INDIAN BANKS ON WEB The banking industry in India is facing unprecedented competition from non-traditional banking institutions, which now offer banking and financial services over the Internet. The deregulation of the banking industry coupled with the emergence of new technologies, are enabling new competitors to enter the financial services market quickly and efficiently. Indian banks are going for the retail banking in a big way. However, much is still to be achieved. This study which was conducted by students of IIML shows some interesting facts: Throughout the country, the Internet Banking is in the nascent stage of development (only 50 banks are offering varied kind of Internet banking services). In general, these Internet sites offer only the most basic services. 55% are so called 'entry level' sites, offering little more than company information and basic marketing materials. Only 8% offer 'advanced transactions' such as online funds transfer, transactions & cash management services. Foreign & Private banks are much advanced in terms of the number of sites & their level of development. EMERGING CHALLENGES Information technology analyst firm, the Meta Group, recently reported that "financial institutions who don't offer home banking by the year 2000 will become marginalized." By the year of 2002, a large sophisticated and highly competitive Internet Banking Market will develop which will be driven by Demand side pressure due to increasing access to low cost electronic services. Emergence of open standards for banking functionality. Growing customer awareness and need of transparency. Global players in the fray

 Close integration of bank services with web based E-commerce or even disintermediation of services through direct electronic payments (E- Cash). More convenient international transactions due to the fact that the Internet along with general deregulation trends, eliminate geographic boundaries. Move from one stop shopping to 'Banking Portfolio' i.e. unbundled product purchases. Certainly some existing brick and mortar banks will go out of business. But that's because they fail to respond to the challenge of the Internet. The Internet and it's underlying technologies will change and transform not just banking, but all aspects of finance and commerce. It represents much more than a new distribution opportunity. It will enable nimble players to leverage their brick and mortar presence to improve customer satisfaction and gain share. It will force lethargic players who are struck with legacy cost basis, out of business-since they are unable to bring to play in the new context. MAIN CONCERNS IN INTERNET BANKING In a survey conducted by the Online Banking Association, member institutions rated security as the most important issue of online banking. There is a dual requirement to protect customers' privacy and protect against fraud. Banking Securely: Online Banking via the World Wide Web provides an overview of Internet commerce and how one company handles secure banking for its financial institution clients and their customers. Some basic information on the transmission of confidential data is presented in Security and Encryption on the Web. PC Magazine Online also offers a primer: How Encryption Works. A multi-layered security architecture comprising firewalls, filtering routers, encryption and digital certification ensures that your account information is protected from unauthorised access: Firewalls and filtering routers ensure that only the legitimate Internet users are allowed to access the system. Encryption techniques used by the bank (including the sophisticated public key encryption) would ensure that privacy of data flowing between the browser and the Infinity system is protected. Digital certification procedures provide the assurance that the data you receive is from the Infinity system. Concluding Part Claus Nehmzow, a Principal in the Information Technology Group in London at Booz Allen & Hamilton, writes of some compelling research findings and offers his projections for European banks in The Internet Will Shake Backing's Medieval Foundations. He believes the low transaction cost will make banking on the Net irresistible, but also that this will require institutions to carefully consider and plan customer relations programs. It is believed that everything will be determined by content and context, and where execution will be key. From a customer and service provider perspective, this is where the world is moving-it

is going to be real-time, on-line, personalisation for both marketing and the service experience. If existing banks don't want to disappear, it is this challenge of Integration that they need to embrace in order to win and survive. The more things change, the less they change. In the months and years-ahead are going to be how Service Providers integrate and market their offerings across different channels. The strategic and executional battles of the future are going to be fought for Channel Integration. What does Channel Integration means? It means that an institution presents an identical face to the customer-be it in the branch, on the web, at an ATM or for that matter, through a sales representative or a broker. An identical face, an identical message. Or better still, messages that reinforce each other. If a sales representative tries to sell you a housing loan, you get e-mail a day later reminding you about the loan. That's called Integrated Sales, which results in incremental economic activity and improved efficiencies of communications. Channel Integration across the phone web can clearly lead to a gain of several percentage points of GDP. The beauty of this approach is that one channel does not displace another. They feed on each other to create incremental value for the customer, as well as the institution. The incremental value comes from two distinct sources. Firstly, you reduce inefficiencies. You don't send people junk mail because you know that they are not likely to buy a particular product or service today. That results in net saving for the economy. Secondly, you persuade people at the right time (the right time from the customer's perspective, not from the service provider's perspective) to opt for a tailor made offering. This too increases value. Actually, this has to do with the Internet itself, and more to with the underlying technologies of the Internet which allow incremental efficiency, and empowers the customer to make more enlightened and timely choices. Lastly the product range is another issue which becomes important. It will take a technological revolution to make available advanced banking products on the net and given the rate at which the technology is developing we can expect this to happen in near future. STRATEGIES TO BE ADOPTED BY INDIAN BANKS Internet banking would drive us into an age of creative destruction due to non-physical exchange, complete transparency giving rise to perfectly electronic market place and customer supremacy. The question to be asked right now is "What the Indian Banks should do" Whatever is the strategy chosen and options adopted, certain key parameters would determine the bank's success on web: 1. For long term success, a bank may follow: Adopting a webs mindset Catching on the first mover's advantage Recognising the core competencies Ability to deal multiplicity with simplicity Senior Management initiative to transform the organisation from inward to outward looking Aligning roles and value propositions with the customer segments Redesigning optimal channel portfolio Acquiring new capabilities through strategic alliances.

2. The above can be implemented in four steps: Familiarising the customer to new environment by demo version of software on bank's web site. This should contain tour through the features which are to be included. It will enable users to give suggestions for improvements, which can be incorporated in later versions wherever feasible. Second phase provides services such as account information and balances, statement of account, transaction tracking, mail box, check book issue, stop payment, financial and customised information. The third phase may include additional services such as fund transfers, DD issue, standing instructions, opening fixed deposits, intimation of loss of ATM cards. The last step should include advanced corporate banking services like third party payments, utility bill payments, establishment of L/Cs, Cash Management Services etc. Enhanced plan for the customers in future can include requests for demand drafts and pay orders and many more to bring in the ultimate in banking convenience. All the above strategies will help banks in translating their traditional business model into an Internet one, falling into three main categories One stop shop Virtual one-stop-shop Best of breed supplier.

Whither Internet Banking

[ R P Singh, the author is a specialist in Banking IT systems & will be contributing a special series of features on Banking Technology]

In India, a number of banks have either gone for Internet Banking or are on the verge of going for it. The system I am talking about is different from what was possible up to now off line information or few limited services. I am talking about the type that enables the customer to transact business on line in real time. The decision to implement an Internet banking solution for your bank should not be based on the "we-too-have-it" factor (an economist will call it Mr. Jones' effect). Before you decide for Internet based delivery channel you should consider a variety of factors. The first and the foremost being the business justification for it. In any case the RBI is going to need it (duly passed by your board of directors) before you get permission for it. A channel management software has a wide range of possible configurations. It may range from the simple Internet Banking channel to a full range of channels - ATMs, POSs, Kiosks, mobile banking (SMS and IVR), TVs and so on. Many new channels may be coming in. At the simplest, it will cost you about two crores of rupees. Apparently, you should have a careful assessment of whether you should go in for an Internet based banking system or not. I am not suggesting that you should consider it from the narrow viewpoint of your spread on additional business generated Vs the rate of return on your capital investment. You will have to take into account the following factors: 1. Possibility of new business generated. 2. Additional floating funds expected from new as well as the existing customers.

3. Expansion in the geographical reach of your business (Please note, the markets are opening and expanding). 4. Your plans to integrate with other banks or the total banking system (RBI has started the implementation of RTGS. An internal real-time transaction system combined with the Real Time Gross Settlement System of the RBI will be a miraculous achievement for the Indian banking customer). 5. The image value. The image of a tech-savvy bank, especially if you are targeting Generation X. 6. The chances of your customers shifting loyalty if you do not modernise. You may have two objections to my above statements: a. It is just not possible to quantify the above factors. b. If you take into account these factors, especially points 2 through 6, almost every bank will have a strong case for delivery channel management system for banking. I may not agree with you on point 'a' but on point 'b' I have to agree. But, if that is the case, why should you spend time and money on analysing these. Time and money do not come for free.

There are reasons for it. For one, if you have built a detailed business case for it with projected figures, your Internet banking team knows where to push and for what objective. This is the first requirement for any successful investment. For another, when you analyse your business relevance to the Internet Banking, with points 2 to 6 in mind, you will realise that your investment in the Internet Banking is not complete with buying and installing the SW and the HW. You must have a plan for generating new customers, new deposits, new borrowers, a plan to utilise the floats efficiently as soon as they are available. You will need an entirely new set of procedures (which responds with e-speed), a new set of mentality, a new behaviour pattern, and a new service image. And all this will need investment investment in Process Redesign, in Process Change Management, in training the personnel, in new recruitment, in marketing the concept not only to the external clients but, before this, to the internal clients - the employees-, and so on. This all may sound so obvious and so simple. My experience with the banks suggests that the bankers who may readily spend 4- 5 crores of rupees on buying and implementing a channel management system of the most modern type, will not invest 20 -30 lakhs of rupees on these activities. The problem of the proverbial last mile! For them the project ends with the successful UAT. My strong recommendation is that let your project begin with the completion of UAT. As a banker you are not interested in the technology. Your objective is business - the business of banking. And your project will start with the end of the technological side of the project. So, if you want to go for a channel management system or simply Internet banking system, go for it. But plan your investment not only in the hardware and software and the firewall. Have a complete business plan including all the aspects as stated above, with required investments. Then only will your business be able to reap the benefits of this investment.

Bank of India Online Services

(At your convenience, Any time Anywhere)

StarConnect Internet Banking Services Bank of Indias StarConnect Internet Banking Service, is a state of the art facility, which allows you to do virtually all your banking activities from comforts of your home/ office over a mouse click. With StarConnect Internet Banking Services you can access all your banking accounts with the Bank*, 24 hours a day, 365 days a year, from anywhere in the world. A host of features* like your banking transaction details, viewing/ printing of account statement, transferring funds, third party payments, tax payments, utility bill payments, ticket booking, etc. among others will definitely make it the most convenient way for you to conduct your banking activities. If you have already availed the services, please click on the respective link to log on : If you have not yet availed our StarConnect Internet Banking Services facility, please Register NOW!!! 1. Apply for StarConnect Internet Banking Services (for Core Banking Branches) with Fund Transfer Facility. 2. Click here to download the request form. Fill it and submit the same to your Branch. 3. You shall receive your User ID and Password directly by Post/ Courier.
BEWARE of Phishing attacks and Vishing attacks

We understand that there are fraudulent e-mails (also known as Phishing e-mails) going out to customers of various banks luring them to update sensitive account information like their, User IDs, Passwords, even transaction Passwords, etc., by clicking on an e-mail link or by visiting a website. Similarly, the same information is also asked via telephone call (globally known as Vishing attack), pretending to be genuine officer from Bank Of India Kindly dont respond to such Phished emails and fraudulent telephone calls . Please update your contact details, including your mobile number and email address to serve you better. 4. OUR CALL CENTRE NUMBER - 91-22-40919191 (all days) 06:00 a.m. 11:00 p.m. (IST) 5. Internet Banking
Star Connect Retail

 Star Connect Corporate 6.

WARNING

Our Bank does not ask for the details of your account / PIN /password. Therefore any one pretending to be asking you for information from the bank / technical team may be fraudulent entities, so please be ware. You should know how to operate net transactions and if you are not familiar you may refrain from doing so. You may seek banks guidance in this regard. Bank is not responsible for online transactions going wrong. We shall also not be responsible for wrong transactions and wanton disclosure of details by you. Viewing options and transactions option on the net are different. You may exercise your option diligently.

What can I do using NetBanking? Our industry leading service provides a host of features at your finger-tips: View Account Balances & Statements Transfer Funds between accounts Create Fixed Deposits Online Request a Demand Draft Pay Bills Order a Cheque Book Request Stop Payment on a Cheque And lots more

View our NetBanking Demo to find out more about what you can do online.

Why should I use NetBanking? Internet Banking is the most convenient and powerful way to manage your account. NetBanking is Real Time, giving you up-to-the-second details on your account. It can be accessed anytime, from anywhere, giving you complete control over your finances There are no queues to stand in, or turns to wait for. With NetBanking you are in control. HDFC Bank's NetBanking service is secure. Using industry-standard technologies and infrastructures, our service gives you peace of mind. So next time you think of visiting your branch, switch on your PC instead.

View the NetBanking Demo and see how easy it is to use.

Advantages Of Internet Banking

Are customers being forced towards use of internet banking for the convenience of the banks and big business? Or do customers really benefit from banking on-line? Internet banking does offer many benefits for both banks and their customers. So the banks are doing what they can to encourage customers to try it. 1. An internet banking account is simple to open and use. You just enter a few answers to questions in a form while sitting comfortably in your own home or office. To access your account, you establish security measures such as usernames and passwords. To complete the set up of your account, you just print, sign and send in a form.

2. Internet banking costs less. Because there are fewer buildings to maintain, and less involvement by salaried employees, there is a much lower overhead with online banks. These savings allow them to offer higher interest rates on savings accounts and lower lending rates and service charges. Even traditional brick and mortar banks offer better deals such as free bill paying services to encourage their customers to do their banking online. 3. Comparing internet banks to get the best deal is easy. In a short time, you can visit several online banks to compare what they offer re savings and checking account deals as well as their interest rates. Other things you can easily research are what credit cards are available, credit card interest rates, loan terms and the banks own rating with the FDIC. 4. Bouncing a check (accidentally) should be a thing of the past because you can monitor your account online any time, day or night. You can track your balance daily, see what checks have cleared and when and know when automatic deposits and payments are made. This is all possible by simply going online to the banks website and logging into your account. 5. You can keep your account balanced using your computer and your monthly statement. Your bank account information can be downloaded into software programs such as Microsoft Money or Quicken, making is easy to reconcile your account with just a few mouse clicks. The convenience of the data capture online makes it much easier to budget and track where your money goes. Your internet bank account even allows you to view copies of the checks you have written each month. 6. With the ability to view your account at anytime, it is easier to catch fraudulent activity in your account before much damage is done. As soon as you log into your account, you will quickly see whether there is anything amiss when you check on your deposits and debits. If anyone writes a check or withdraws funds from your account and you know it wasn't you, you will see it right away. This lets you get started on correcting the problem immediately rather than having to wait a month to even have a clue it is happening as would be the case with a traditional bank.

7. Internet banking offers a great deal more convenience than you could get from a conventional bank. You aren't bound by 'banker's hours' and you don't have to go there physically in your car. Time is not wasted when you have work to do because you can do your office's banking without leaving the office. No matter where you are or what time it is, you can easily manage your money. There are sound reasons why internet banking is growing. The economic advantages have encouraged banks to provide an increasing range of easy to use services via the internet. Customers have found doing business online simple and speedy and have become very comfortable with the arrangement. Internet banking gives people more control over their money in a very convenient way that they find enjoyable and reassuring.

Internet Banking And Investing

Internet banking investing is ideal for those who have a little more than is needed for a small savings account. Although internet banking savings accounts do better than traditional accounts, investment accounts have much more potential. The first thing to remember, though, is that internet banking investment accounts are not FDIC insured. You are taking a risk to put your money in such accounts. Yet, the possibility for financial gain is so much greater that, for most people in a position to do it, it is well worth the gamble. In fact, knowing how much risk you can tolerate is crucial in knowing how to plan your internet banking investing theme. You need to determine how much of your holdings you will put into high risk ventures like certain stocks. You also need to figure out how much you want to balance that with lower risk vehicles like bonds. This balance is part of your internet banking investment process. You cannot put all your money in one form of investment without making a very unwise decision, in almost every case. You need diversity in your internet banking investment portfolio. This will allow you a chance to make some serious money, and at the same time, protect part of your assets in case of a drop in stock prices. You also need to reevaluate the percentages of low risk-high risk investments in your internet banking portfolio. They will naturally change over time and need correcting.

You can use an internet banking savings account or invest your money in higher yield products. You will need to bear a few things in mind. When money compounds, you are making money without effort. This can come from savings or investment. Furthermore, you must find a way to beat inflation in both cases. Otherwise your money will be worth less when you take it out than when you put it in. Inter national investments through inter net banking are becoming more impor tant as wor ld communication increases. The planet is becoming so connected that investing in another country is like investing in the US in many cases. This makes internet banking all the more important. Many investment firms suggest that you cannot invest properly without sitting down face to face with an investment professional. This may be a good option for many. However, much profitable investment takes place through internet banking. Furthermore, just because you are investing through internet banking, it does not mean that you will not have access to professionals. You will be able to go to people who will assist you with advice on your financial decisions. You can generally read about the credentials of these people in the "About Us" section of the website. It is important to know that brokers are people who deal with different companies to try to offer you the best investments, through internet banking in this case. Financial advisors can help you with all aspects of your money matters. There are ways to use internet banking to do investing in a variety of stocks and bonds. It makes the process easy and fairly quick. It will be an important way for people to prepare for the future in coming years.

How To Pay Bills Through Internet Banking Services

Internet banking can make paying bills a quick, easy task. Once you set it up, it can be done automatically, if you choose to make it that way. Or, you can pay each bill individually. Either way, you will be more accurate and save time as well.

Some internet banking companies allow you to do online bill paying for free. You usually have to have a "qualifying account," but the rules for those vary. You can also get free online bill paying if you carry a large balance in your internet banking account. For some banks that amount is $1000, for others, it is $5000. Otherwise, you will have to pay a fee, which will be well under $10 per month for a certain number of bills paid and an additional fee for extra bills. This additional fee is usually under $0.50 per bill. To sign up for automatic bill pay through internet banking, start at your bank's website. There should be a tab marked "bill pay" or something similar. Click on that and you can enroll in their bill paying services. Then, you will be instructed in how to set up your payees. You will go to a tab marked "Add Payee." This will give you options of how to list the people you are sending money. You will probably be asked the name and zip code of the company. Some internet banking services will ask you for the company's address, too. Type in the information you have about your payee. Or, if the company you wish to pay is on a list compiled by the internet banking company, you can simply click on it and select it. You have now set up the person who is to receive payment. Next, you designate which account from which that person or company is to be paid. This is particularly important if you have several accounts with the same internet banking operation. Your accounts will be in a drop-down list where you can select the one you want. You can set up a bill payment up to a year before you have it taken out of your account. You cannot do an immediate bill payment. It will take a certain amount of time for the payee to receive payment. You can set up recurring payments to be taken out of your account periodically. These payment arrangements are commitments. Unless you cancel them in time, they will be paid. If you do not have the money in the internet banking account for them, you will overdraw. You can find out if your payment has been made in different ways. You can opt to be notified by email from your bank every time they pay a bill. The payment will also show up in your internet banking account transactions on the website. You will also know from your next bill from that company if a payment was credited to your account. Paying bills through internet banking is easy once you get the hang of it. If you set it up correctly, it takes very little management to keep up the steady stream of payments going from your account to those with whom you do business. Now, if internet banking could come up with a way for you to stop having to pay bills, you would have it made!

How To Increase Your Internet Banking Security

Internet banking companies are working hard to make their servers as secure as possible. They work with experts in the field of security. They hire computer-hacking consultants to show them the vulnerabilities of their systems. There are also things you can do. The bank will suggest, if not require, that your browser have 128-bit encryption. This just insures that your information will be safe as it leaves your computer just as it is when it is on the bank's secure server. If you do not have the latest version of your browser, you may not have 128-bit encryption. Make sure you have it before you begin. Your username will either be given to you by your clicks to bricks bank, or you will choose it at your virtual bank. If you choose it, there will be specific rules about how many characters it must have. It will also tell you whether you must use both letters and numbers, and capitals and lower case letters. Choose something that is not guessable. Similar, if not the same, rules are given for your password for internet banking. (You will always choose your password, no matter which kind of bank you use.) Your password is even more important. There are certain ways you can make your password more secure. For one thing, you can base it on something you know or like. It can be anything that no one would specifically relate to you. It could be a line from a song, for example. You could take the first letters of all the words and make a string of characters for your internet banking password. Then, you could capitalize some of them, throw in some numbers, and you have a password that will be hard to guess but easy for you to remember. In any case, you should memorize your password and destroy any paper where it is written down. Then, you should change your internet banking password frequently. Do not tell anyone your password, no matter how close you think you are to them. Unless they are on the account with you, there is no reason for them to know it. It is always important to log off when you finish with your internet banking transactions. If you use a public computer, it is even more important. However, doing internet banking on a public computer, such as one in a library, is not the most secure course. An industrious internet thief can get your information off a public computer without too much trouble. However, some internet banking companies offer a special service that prevents your

banking transactions from going into a computer's cache memory. If you use this feature, it makes banking at a public computer much safer. It is also important that, if you do use your computer in public, you assure that no one can see the screen when you are doing internet banking transactions. You should not let anyone see you use your keyboard either. While many people feel comfortable setting their laptops up and doing their business anywhere, it is not always wise. There are many ways to protect your personal information when you do internet banking. It requires thought and caution, but it can be done. It is important to remember that you are responsible for the way you protect your information online. This includes not falling for "phishing" scams.

Security Measures Taken By Internet Banking Companies

You cannot do business online if you do not trust your internet banking company. There are always unscrupulous people trying to access bank information. It is just a modern version of the old-fashioned bank robbery. However, internet banking companies go to great lengths to avoid this. Internet banking should be done only through secure connections. There are two ways to make sure you have one. One is to look near the line where you type in URL's. If you have a secure connection, there should be a closed padlock there. Also, the web address should say https://" The "s" signifies a secure connection for your internet banking. Encryption is the first line of defense for internet banking security. Banks have 128-bit security and require you to have it on the browser you use. Encryption is basically just a formula that puts your information into a code. That code is indecipherable without a key. Many banks use the Secured Socket Layer encryption for consumers' internet banking transactions. This is a special form of encryption. The system will use a different master key to put each transaction into code and then that code will not be used for other transactions.

Banks also pay considerable attention to their firewalls. They want to be assured that their internet banking system

is protected from attacks over the internet. So, they are not connected directly to the web. Their connection is made through a firewall which blocks unwanted activity on the server.
Special consultants are hired by internet banking companies to help with security, too. They do this by trying to hack into the bank's secure server. Once they do, they know how it can be done. Then, they come up with ways to prevent it from happening. One system that has come from using such consultants in internet banking is the use of two factor authentication. With this form of security, an access number will be sent to you over your cell phone to use with your other identifying information. With all this information together, you can access your account. This is more secure. Most internet banking institutions will also protect you from yourself in some ways. If you are using your computer to go online and do internet banking transactions, you cannot let the computer sit idle. If you do not use it for a certain period of time, the bank will end your session and your will have to do a secure log-in all over again. This prevents anyone from finding your account page open and using it without your consent. Clicks to bricks banks will often give you a username and a temporary password. You will then choose your personal password and other security features. Virtual banks will allow you to choose both your password and your username. They will never have access to this information. This means that it is secure for you to use. Internet banking is a difficult pill for many people to swallow. Especially for those who did not grow up with computers, it may seem a little unreal to manage your money online. However, internet banking security makes everyone breathe a little easier.

Internet Banking Savings Accounts

Internet banking savings accounts are being used more every year by people across the country and around the globe. They offer a better alternative to traditional savings accounts. People who use internet banking savings have good reasons to do so. If you opt for a traditional savings account instead of an internet banking account, you will get a

very low interest rate. In fact, you will not make enough on your money to cover the cost of inflation. Savings in traditional banks are generally around 1% annually. This low interest rate barely makes it worth your effort to save. You will be better off to buy things at today's prices. That way, when money is worth less, you will not have your money sitting in a traditional account where it will then buy less than it can now. Internet banking provides an alternative to this situation. Many traditional banks have worked to establish incentives to encourage saving among their customers. They have set up programs where extra money can be put into savings automatically. They have also encouraged the use of automatic transfers to your savings weekly or monthly. These measures do not work because the interest rates are so low that people see no future in saving. However, with internet banking, all that changes. Internet banking institutions tend to offer rates more along the lines of 4.5% to 5%. This difference allows consumers to put money in internet banking savings accounts and know that it will retain its value over time, as long as the rates stay up. With the traditional savings, rates would have to soar to even come close to this level. Another advantage of internet banking savings accounts is a good deal for the small investor. You may not have large amounts of money to save at one time. If not, you are like many financially strapped Americans. In many traditional banks, this means that you will be given the lowest possible interest rates. If you go to a brokerage firm, you cannot open a money market account for less than $1000 as a minimum balance. Sometimes it is even more. This is not so for internet banking savings accounts. If you have your savings through internet banking, you will be able to have high interest rates at any level of investments. You can start your internet banking savings account with as little as $100. You might have to pay service fees until you reach a certain threshold, usually a few hundred dollars. After that, you will be making money at better rates than you ever could at a traditional bank. One downside of internet banking is that some of the major banks will not deal with customers who demand a lot of time. They will discourage these customers from using their services because they are too hard to handle. This is not true of all internet banking, but if you need a lot of help, you should be aware of it.

Overall, though, savings done through internet banking institutions still work out better for most people than traditional savings accounts. There is just no reason to deny yourself the best interest rates your money can earn.

Further Reading
Advantages Of Internet Banking Books On Internet Banking Getting Insurance Through Internet Banking Institutions Getting Loans Through Internet Banking How Internet Banking Institutions Are Set Up How To Confirm An Internet Banking Company Is Legitimate How To Deal With Cash When Using Internet Banking How To Increase Your Internet Banking Security How To Keep Your Internet Banking Account In The Black How To Pay Bills Through Internet Banking Services How To Prevent Internet Banking Fraud How To Start Using Internet Banking Internet Banking And Investing Internet Banking And Privacy Policies Internet Banking Research Internet Banking Savings Accounts Internet Banking With Virtual Banks Internet Banking With Virtual Safe Deposit Boxes Problems With Internet Banking Security Measures Taken By Internet Banking Companies Transferring Funds Through Internet Banking Using Quicken For Internet Banking What Is Internet Banking? Why Some People Fear Internet Banking Your Consumer Rights In Internet Banking

How To Deal With Cash When Using Internet Banking

There have to be special considerations for dealing with cash when you are using virtual internet banking. Doing online transactions is all well and good. When you want to make a

manual deposit or withdraw money, though, you cannot do it directly through your computer. Online banks have set up ways for people to get money into them. If you are going to set up an internet banking account, you might transfer money from an existing account in a traditional bank. This is a simple procedure. However, the bank will probably charge you a fee for the transfer. What is more, you may not have a traditional bank account. You may have to open one just so that you can transfer your money into a virtual internet banking account. This seems to be a drastic measure, but some have done it nonetheless. Lately, though, internet banking companies have made deals with companies that own ATM's. Because of these deals, internet banking customers are allowed to make manual deposits into their teller machines. This makes it easier for people who receive a cash payment and want to put it into the bank to pay bills. You can set up direct deposit on everything from pensions to paychecks. Sometimes, though, you get a check handed to you in person. Maybe you did an odd job for your neighbor and they insist on paying you. Maybe you sold your co-worker your old car. Perhaps, you got a check for an anniversary present. How will you put the check into your virtual internet banking account? You can use the ATM's mentioned earlier, if your bank makes them available. Some banks offer check collection at Mail Boxes, Etc. You can just make a deposit there. Or, you can mail your check. In any case, you will wait some time before your check credits. If you have a traditional account as well as your virtual internet banking account, you can transfer money from your traditional account to your virtual account. This would allow you to put a check in your traditional account and then transfer the funds into your virtual account to pay bills. Getting cash is a different story. Virtual internet banking companies do much of their business through ATM's. You can always go to an ATM and get money out to conduct cash business. Say you want to go to a football game and you want to bring cash to buy yourself a brat and a drink. You can get cash from your virtual internet banking establishment through an ATM. However, if your bank has not made special arrangements, you will likely pay ATM fees for the privilege of getting to your money. The only way to counter this is if you do have that traditional bank account. You can transfer money into it from your virtual internet banking account for just such occurrences. Otherwise, you will have to pay the ATM fees. Internet banking is not perfect. Virtual banking poses some interesting problems. Perhaps the best way to deal with them is to accept that certain transactions will take a little time, be a little inconvenient, or cost a little money in fees. It is nothing major to be concerned

about.

Problems With Internet Banking

Most people who have accounts with traditional banks do some internet banking now. Some are hesitant because of problems they see in the industry. While there are some disadvantages to internet banking, many of the problems start with the consumer. For example, there are still quite a few people who do not use internet banking because of their own lack of knowledge. They may be resistant to technology. They may feel that it is too difficult to learn. Because young people are exposed to computers at an early age, people who have this problem are usually older. Some of the same people also fear using the internet. Others who will use computers offline will not use them to go on the internet. They fear for the loss of their privacy. Many of these people have exaggerated fears in their minds. For them, internet banking will be impossible, unless they come to terms with their fears. Certain people just do not have proper equipment to go on the internet. If does not take an extremely advanced computer to do internet banking transactions. However, you do need the basic modern computer equipment with modem. Most banks now expect you to have a 128-bit encryption browser. You will also be better off if you have a faster internet connection than dialup.

Security is a problem for many users of internet banking, as well. The user names and passwords are often complex. This is good, for the most part, because no one else would guess them. However, it can be a problem if you cannot remember them. You might not be able to access your account when you want to, without going through an intense security procedure.
What is even worse, many people who know they will have trouble remembering their user names and passwords for internet banking will write them down and keep them near their computers. This makes it easy for thieves to get in and steal money from their accounts. Then, there are disadvantages that are really only to do with the internet banking more than the customers. One problem happens when the bank's computer system has an extremely high volume. Your transactions may not be made in a timely manner.

other failures in the communications of banks that will cause errors or lags. If a computer virus ever got into the bank's computers, it could be a real problem. Clearing up the chaos might take awhile. Fortunately, internet banking companies take many precautions to prevent this, so it is extremely unlikely to happen.
There can be

If you do internet banking through a virtual bank, you might find problems in managing cash money. Depositing a paper check that someone gives you might not be as fast as it would be for a traditional bank. Virtual banks usually will not let you deposit through an ATM, so often your only choice is to mail it to them.
While there are some problems with internet banking, most of them can be overcome with knowledge and caution. The other problems are challenges for the future of internet banking.

What Is Internet Banking?

Even those slow to warm up to technology are beginning to use internet banking. It is often more convenient than banks that do not have such services. Sooner or later, most people find it hard to resist. Yet some still do not know what internet banking is. There are two types of banks that do internet banking. Many brick and mortar banks or credit unions are now offering online services. This still allows customers of the bank the option of going to the building to do their transactions in person. Or, they can take advantage of internet banking services through a bank website. The other type of bank that does internet banking is a virtual bank. These banks do not have a location where you can go in person. They only do business over the internet. With banks like this, you do not have the option of visiting your local branch and making a deposit. These banks charge very little for internet banking. Their services may even be free. Virtual

banks can afford to do this because, without a building to maintain, they have lower costs. They do not make their money by charging for standard transactions in most cases. Banks and credit unions also charge little for their online services.

You can make a variety of transactions by way of internet banking. You can pay bills directly from your checking account. This saves you the cost of a stamp. It also gives you more leeway in how quickly you need to pay the bill. If you have to mail it, you have to send it out long ahead of time.
Funds can be transferred from a checking account to a savings account, or vice versa. You can fill out loan applications for anything from signature loans to mortgages online. You can even use internet banking for investments. All these services are available at both types of banks.
You can view your transactions whenever you want. If you have software for your computer, you can download the information from your internet banking account to your virtual check register, in Quicken for example, and reconcile automatically. You can access your internet banking account any time, day or night. As long as you have an internet connection of any kind, you are in business. You can do your banking from a laptop in a hotel room, or from the computer in your home. You will find it easy to get the information and do the transactions you want. Extra caution is taken when setting up internet banking systems. If you have an account online, you will have a complex password. The information will be encrypted. There might be security images you can choose from that no one would have a way of knowing. Furthermore, if you try to make risky transactions, you will be asked more security questions. Online banking is becoming more and more popular. You can do most of it without leaving your home, if you wish. Internet banking is a safe and convenient way to handle your money.

Your Consumer Rights In Internet Banking

There is much controversy over whose responsibility it is when something goes wrong in internet banking. Banks sometimes step up and hold themselves accountable for security measures as they should. Other banks want to lay the burden on the consumer. You do have rights as a customer of internet banking. For example, a phishing scheme might lure you into giving out your personal information. This, in turn, could result in your internet banking account being raided. Internet banking companies are quick to point out that it is your responsibility to keep your username and password secure. It must be un-guessable in the first place. You must never write it down. You must tell no one. It is your consumer right to keep this information to yourself and not divulge your password to a bank employee. You might be wondering who is responsible. After all, you did fall for the scam, not your internet banking establishment. You were the one who gave out all that information. However, there is a regulation of the federal government that can help you. It is referred to as Reg-E. This is the Federal Reserve Board's Regulation E. It covers all kinds of situations revolving around transfers made electronically. The most important thing to remember about Reg-E is that you will recover your internet banking losses according to how soon you discover them. For instance, you might get your internet banking statement, see that fraud has taken place, and report it immediately. In this case you will be likely to recover your money. Yet, you could get your statement, let it set on the server for two weeks without looking at it, and then discover fraud. In this case, you would get less of your money back. The longer you waited, the less you would get. At some point, you would lose everything in the account plus overdraft charges. That is why it pays to take a quick look at your internet banking account frequently. Even if you do not have time to go over every transaction, you will often notice discrepancies that you can report. If you wait two days or less from the time you get your official internet banking statement, you will only be liable for the first $50. Another day and the price goes up to $500. After 60 days, you have no recourse through the bank. You would actually have to find the perpetrators of the crime, bring them to justice, and be awarded compensation. Furthermore, your internet banking is protected in ways that traditional banks are always protected. You should receive safeguards to your personal banking such as the Fair Credit

Opportunity Act. The Truth in Lending and the Truth in Savings Acts are important to internet banking customers to assure that they get what they have agreed to. Banks in the USA are also required to have FDIC insurance. Similar obligations apply in many other countries. Most internet banking companies are on the level. They are trying to establish a name for themselves through tight security. Barring that, they seek to remedy the situation with great customer service. Find a bank like this and you will have no problem getting them to respect your consumer rights.

How To Confirm An Internet Banking Company Is Legitimate

When you set up your first internet banking account, you may have reservations about it. After all, anyone could set up a website, claim to be a bank, and fraudulently take your money. There are some precautions you can take to be sure your online bank is a legitimate one. Start by going to the bank's website. There, you can get the information the bank gives you about their banking credentials. The bank's official name should be listed. There may be articles describing the history of the bank, including their internet banking history. There should be an address where the headquarters can be found. There will be a base of operations somewhere, even if it is a virtual bank internet banking operation. If they are on the up-and-up, they will not be hesitant to tell you about their FDIC coverage. It is easy to check a bank's FDIC insurance. If you see the words "FDIC Insured" or "Member FDIC" or the FDIC logo, you might be on the right track. However, it is wise to go a step further. Go to the source to find out if the internet banking company is really affiliated with the federal insurer. The FDIC has its own data base that includes all of the banking institutions, including internet banking companies that are covered by FDIC insurance. Just go to their "Bank Find" site to find out if your bank is one of them. You can start your search with the name of the bank or its address. If your internet banking company is on that list, the FDIC will provide you with a whole list of helpful information. You will learn when the bank became insured, and the number on its insurance certificate. You will find out the location(s) of your bank and its official name. You will find out what government entity regulates that bank.

If your internet banking company does not appear on the list, it is time to go directly to the FDIC. They will be concerned with the legitimacy and safety of that bank. It is probably not wise to put your money in an uninsured bank. At that point, it is better to look for another internet banking operation. Once you do sign up with an online bank, be cautious about how you use their internet banking website. Some unscrupulous people will use the internet to get your banking information. They will do this when you log onto your bank's website. The trick these dishonest people use is to set up a website that looks like your bank's website. They have a URL that is very similar to your bank's URL. Then, they sit back and wait for you or others to make a mistake typing in your bank's URL that will get you to them. From there, the fraudster will track all the information you type into the opening page. They will be able to get your user name, your password, and any other information you type. The best way to make sure you are dealing with your legitimate bank is by being very careful when typing in their site address. If you are to trust your internet banking company, you must take precautions to assure yourself that it is a respectable business. Once you do that, you can bank with ease.

Internet Banking Research

Much research was done on internet banking even before it was started. The research continues to this day, with more and more participants involved. As people use internet banking more, it gives researchers more reasons and subjects to study. One study showed the devastation of identity theft on individuals. They had trouble getting jobs, loans, and insurance, for example. They could not conduct business in a bank, not even internet banking. Some ended up in very difficult positions. The study suggested that banks, including internet banking institutions, would do well to proclaim themselves as the champions of identity protection. This would help them by limiting their losses. Besides this, they could charge a fee for the service. Another study evaluated how people felt about the security of their internet banking transactions. 78% of them stated that they would like some kind of verification of their identities to be carried out at certain times. This, they thought, should be done at the moment that unusual transactions

were being done on their internet banking accounts. People seem to be getting more comfortable with internet banking every year. One study showed an increase in internet banking of 9.5% between 2006 and 2007. Another study predicts that 76% of the households who have an internet hookup in the year 2011 will also do internet banking. It is true that internet banking and online bill paying are predicted to continue their rise in popularity. However, viewing bills electronically is expected to decline. Payment by other means besides internet banking is also expected to go down, including bill paying by phone. Some studies have made use of surveys that ask people if they want alerts for their internet banking accounts, and if so, what kind. It turns out that consumers do want alerts for their accounts. What is more, they want a lot of alerts for a variety of occurrences. They want to be alerted when a bill is going to be paid and when it has been paid. They want to be able to set an alert to tell them when a certain check has cleared. They want to be alerted when there is any inkling of fraud. This one, of course, is an especially good idea. The demographics of internet banking have also been studied. It seems that the middle income people who use internet banking are afraid they will lose control without better records. Anything that can be done to give them better records will make them more comfortable to use online banking. The lower income people have many reasons for not using internet banking. The over-$100,000 group seems to use it more. They also tend to use it without fear. This may be because they are in less danger of running out of money and overdrawing their account. A new field of study is social networking. This is a concept that involves the use of internet banking by networks of people. They are usually in their 30's and 40's. They put their money together to make deals with financial organizations. Study is geared towards finding out how this will affect internet banking for these people, and for all internet banking customers. Internet banking research is going on, and will continue to go on as long as online banking exists. The banks want to know how to stay profitable. Hopefully, they are also interested in how to better service their customers.

Getting Insurance Through Internet Banking Institutions

Internet banking institutions offer insurance products along with their many other services. It is a fast and easy way to set up coverage for all your needs. This is because internet banking companies offer several different types of insurance.

Car insurance is one kind of insurance you cannot do without unless you do not have a car at all. Insurance is a legal requirement that you
cannot escape. Most people, in fact, prefer to have more than the basic required levels of insurance. They want to know they will not lose everything if something goes wrong. Internet banking offers this option.

You can go to internet banking websites and click on the insurance tab to get information. You can also sign up online. Because you will be entering personal information, you will need to sign up with the internet banking institution first. Then, you will give your name, address, and other pertinent information. You will be asked questions about your car: its make, model, condition, etc. You will then be rated according to your driving record, your car's information, and your area. Internet banking makes it possible for you to do this from the comfort of your own home.
Another insurance product offered by internet banking sources is travel insurance. Many international internet banking companies offer this. They offer coverage for medical expenses when you are out of your home country. You will not have to pay cancellation fees if you have this coverage. It will address such issues as lost luggage and theft of travel documents. It is a good insurance to have if you can get it by internet banking.

Many internet banking operations provide life insurance. You can pay for term insurance with a simple automatic deduction from your internet banking account if you choose to do so. You will have to fill out an online information form about yourself. It will include basic demographic facts about you such as age, race, and area of residence. Then, it will get to personal questions about your health. All this will be used to determine where the internet banking

service will set your rate. They will get back to you in short order with an offer of a particular rate and policy.

Some internet banking companies go so far as offering health insurance. Health insurance is usually a costly business for anyone buying an individual policy. The internet banking company will set you up with this insurance for a competitive fee. However, do not expect it to be cheap. That is just the nature of the product.

Bonding insurance is a seldom offered, but important insurance for some internet banking customers. This is the insurance for the liability of people who are put in a position of trust of the money or valuables of others. For
example, a locksmith must be bonded. A few internet banking operations make this insurance available. CEO's of internet banking institutions are constantly on the lookout for ways to make their services more appealing to the consumer. If offering a multitude of insurance options will help bring customers to their website, then that is what they will do.

How To Start Using Internet Banking

Perhaps you have decided that internet banking is for you. Now, you have to get set up so that you can start using online services. Depending on which kind of Internet Company you are going to use, there are different ways to start using internet banking. If you want to register for internet banking with your bricks and mortar bank, or "clicks to bricks" as it is called, you will find the process simple. You can call the bank and ask to register for their online banking services. They will send you the information you need. You will receive an instruction sheet in the mail. It will explain how to log on to the internet banking website. It will also give you a unique

username. Usually, this username will not change. The letter will also advise you on security issues with internet banking. It will explain requirements, such as that you have 128-bit encryption on your computer. It will tell you how to enter your username on the bank's website. It might counsel you to type in the bank's URL carefully to avoid phony websites that are set up to get your information. The next letter you will get will be one with your temporary password. It will give you instructions on how to change your password. It will tell about the various security tokens you have to choose, such as images and captions. Then it will tell you how to sign on to the bank's site and begin internet banking. If you are using a virtual bank, the process is a little different. To begin, you must first open an internet banking account with the virtual bank. You can start by choosing the virtual bank you will use for your personal or company's business. Many considerations are the same as with bricks and mortar banks. You want to make sure they are FDIC insured (or similar government regulated deposit guarantee in other countries). You will be interested in their interest rates on savings accounts, loans, and certain checking accounts. It might be necessary to know the bank's overdraft fees. You will also be wise to read any information they have on their rules and procedures. It may be dull reading, but it can be important to you. You need to know what your rights are and what the bank expects of you. You will be asked to agree to these terms. If you are doing your internet banking with a virtual bank, print off this information. Once you choose a virtual bank, you will set up your account. You can do this by starting at the bank's website. Make sure it is the reputable virtual bank you have investigated before you give your personal information or send any money. The virtual bank will let you choose a username and password, within certain parameters. Then, you can get down to the business of starting your internet banking account. This will start with some input from you. You will give all the usual information that you would give to any bank where you set up an account. Common questions are your name, your address, your phone number, your social security number, and your place of employment. To comply with government regulations to prevent money laundering and terrorism, banks are required to "know their client". Consequently, you may be required to produce proof of identity and/or residential address.

Then, you will send the virtual internet banking company some form of deposit to get the ball rolling. When you have yourself all set up to do internet banking, you can start making transactions with the click of your mouse. It is fairly simple, whether you are doing internet banking by clicks to bricks or virtual banks.

Transferring Funds Through Internet Banking

Internet banking offers consumers the ability to transfer funds between accounts. This is an important service as the world becomes a smaller place. There are many places people want to transfer money and many reasons to do so. People often want to transfer money from one account to another. For instance, they may want to transfer funds from their traditional account to their internet banking account. This could be a means of getting money into the account they normally use to pay bills. Another use of internet banking to transfer funds is to move money from checking accounts to savings accounts. Money can be transferred from investment accounts as well. Any accounts you have can be accessed through internet banking to do this.

location to an account in another. This would be useful for someone who lives a bicoastal existence for example. When they are spending part of the year on the East Coast, they can have their money in an East Coast bank. Then, they put it in the West Coast bank while they live there. This can be done through internet banking by using a traditional bank with internet banking capabilities. You can send the money to your other account almost instantly by using your keyboard and mouse. In fact, if you do it often and have it set up, you might only need your mouse once you get logged on.

Another reason to use internet banking accounts to transfer funds is to send money to someone else's account. This could be done to help someone in your family. For instance, you might get a call from your daughter, a young adult. She may need money to cover an emergency car repair so that she can get to work. With internet banking funds transfer, you can have the money in her account in no time. Some people contract jobs from out-of-country workers. These people need some way to send payment to their workers. Internet banking funds transfers allow them to put the workers' paychecks into their accounts without hassle. Overseas products are often imported by businesses or even, on a smaller scale, by individuals. Internet banking provides a means to carry out these purchases by means of funds transfers.

To transfer money to another of your accounts, you can log onto your internet banking website. There should be a tab for "funds transfer." Click on this and you will be given options. Usually, you will set up the different financial establishments where you have accounts. Then they will be ready if and when you want to transfer funds.
When you

want to send money to another person's account, there is usually a different procedure to do this. You may have a different tab to select, such as "pay person." This will help you set up the funds transfer to another person's account through internet banking. In either case, you can set it up for one time only, or for recurring transfers. This is handy if you have an elderly relative on a fixed income that always needs help.
Using internet banking to accomplish funds transfers is an effective way to approach many problems. If you are ever wondering how to get money from one place to another, log on to your internet banking site and check out funds transfer details.

Getting Loans Through Internet Banking

There are many advantages of getting loans through internet banking. You may never have tried this avenue for financing before. However, it bears considering, especially if you are already using other internet banking services. One of the biggest advantages of getting loans through internet banking is that interest rates are generally much lower. With overhead at a minimum, virtual banks can offer a savings to the consumer. When your money costs less, you might get more upfront. Or, you might simply see lower payments or shorter term loans. Another great advantage is that it is easy to comparison shop for loans. You could go into five different traditional banks and asked there terms and interest rates for loans. If you did, you would probably be under a certain amount of pressure to get a loan at each bank you entered. However, if you are shopping for a loan through internet banking, you can check with as many different lending banks as you wish. You can get their information about loan policies and procedures. The most you will get in response if you choose not to get a loan will be an email you can easily delete. If you apply for a loan through a clicks to bricks internet banking company, you can get even more consideration. They may know you very well. If you have used their services for a long time, you may be minutes away from a loan. All you have to do is click on a few buttons and the bank will review your history with them. The decision will be swift. Virtual internet banking companies also have quick application processes. They also take your credit history at their bank into consideration. So, if you want to ask your internet banking establishment for a loan in the future, keep your account well now. Another advantage is that, with internet banking in place, it is easy to get your loan money. In traditional settings, loan paperwork is filled out, a decision is made, a contract is signed, and a check is cut. Then you have to get the check cashed. If it is a large check, your bank might put a hold on it for up to two weeks. In the meantime, all you can do is wait. You may have a genuine need for the money sooner, but the old system does not work any faster. With internet banking, though, the application procedure is shorter. Then, the money is often deposited directly into your account. It is available for immediate use. This is especially true if your loan is with the internet banking company where you usually bank.

Then, internet banking companies make it easy for you to set up automatic payments to be deducted from your internet banking account. Of course, this is in their best interests. Yet, it also helps you to get in the habit of having that money coming out every month. Getting loans through internet banking is easy and convenient. It is also usually cheaper. All in all, it can be a much better way of financing life's needs than going through a traditional bank.

How Internet Banking Institutions Are Set Up

Consider all the internet banking institutions available for business. Some are set up by large corporations and some are small companies. Although you may never want to set up an internet banking operation yourself, it is enlightening to take a look at the process. The first order of business is to gather a group of at least five people to organize the internet banking company. These people will be on the board of directors, and one of them should be the CEO of the bank. The five or more people will be intensely involved together to form working procedures of the bank. After the group is brought together, they must choose a name for their internet banking company. They have to be very picky when it comes to their name. They will want the name to be easy to remember. It should be catchy and have a nice ring to it. Another consideration with the name is making it original. Getting a name that can also be used as a domain name is preferable. Also, the name must pass strict guidelines as to its similarity to other banks and internet banking institutions if it is too similar, the bank founders will not be able to obtain a trademark for it. To get a name trademarked, they simply have to go to the US Patent and Trademark Office. There is just one form to fill out. They submit it with a fee and wait for approval. Sometimes, they have to make a case for their trademarked name. This is done through emails. If all goes well, the internet banking name will soon be theirs. The group of investors can now go to web-hosting services and set up a website that can be accessed publicly. To make the website, professionals are needed. The website is, as far as the consumer is concerned, the heart of the internet banking business. The professional website designer should design an internet banking site with the highest level of security. This includes such features as 128-bit encryption, secure socket layering, and adequate

firewalls. For the consumer's preference in use, there are other considerations in making an internet banking website as well. It should be eye-catching to bring in the most customers. It should also be easy to get around the website. Another consideration is copyright infringement. It must be ascertained that nothing is directly copied onto the website. The group now forms its charter. It must apply for an internet banking charter through the Office of the Comptroller of Currency (OCC). This is a lengthy process and involves a huge amount of paperwork and information. Another way is to take over stock in an existing bank and put in a change of charter with the OCC. In any case, the OCC will give the board of directors advice on how to best submit their application for the charter of their internet banking operation. The OCC evaluates all the information the internet banking partners have put together about their financial situation and their proposed banking policies. Then, if the OCC grants a charter, the bank is ready to open its virtual doors.

Why Some People Fear Internet Banking

Some people could not be happier with internet banking. Others fear it and want no part of it. Sometimes these people will give you reasons for their fears. Other times, they will just say they do not like it and leave it at that. Some people are simply shy. They do not want to even get on the internet, much less do internet banking. These people often see the internet as a vast community of people that do not know them. Perhaps this is more alarming to those who have grown up in tight-knit communities. At any rate, shy people will avoid internet banking because they feel embarrassed about what they are doing. It is not that they are doing anything wrong. It is just that they feel scrutinized by a larger group of people than they would at their local bank. If these people can understand that their internet banking transactions are their own private business, they will be less alarmed. If they can see that the internet is not a tool to make them feel embarrassed, they can begin to get comfortable with it. Some of these people eventually overcome their fears and become the most avid internet banking customers. Other people are afraid that using their computer for internet banking will lead them to obsess

over money. They feel that if the information is available to them at all times, they will have a hard time ignoring it. They think they will be consumed about every little thing that is happening with their account. Some people may actually have this problem at first. The answer is to set limits on your internet banking time. Do not check over your account more than once a day unless you have a very good reason to do so. Take time to write out what those reasons would be limited to, and then stick to it. Eventually, the new will wear off and reasonable internet banking use will prevail. One fear is that internet banking will lead the person to deal in a paperless business environment. They fear that if they do not have written proof of transactions, they will lose the ability to prove anything. They want the control a piece of paper seems to give them. The truth is that internet banking does not have to be completely paperless. For those who want a paper trail, it is easy to construct one. You can print off transactions. You can keep ATM and debit receipts. You can print off a monthly statement. You can even print off a copy of a given check, in most cases. Most people have some fears about internet banking security. Indeed it is a difficult business keeping up with those who would break into the virtual vaults. However, with encryption, firewalls, and other forms of security, banks are making internet banking fairly secure. They are constantly working to better security too. It is good if fears about internet banking can be overcome. Internet banking is a useful tool to make life easier for those who employ it. If you are hesitating about starting an internet banking account, be courageous and give it a try.

Internet Banking And Privacy Policies

Privacy policy legislation affects internet banking just as it does any other type of banking establishment. You might want to keep your personal information private. If so, it is good to know how your bank treats privacy policy. A study was done to determine how well different banks, including internet banking companies, dealt with privacy policy. All financial institutions should have privacy policies that are consumer friendly. This is in keeping with the spirit of the law. The law in question is the Gramm-Leach-Blily Act, or GLB, as it is often called. This was enacted by Congress in July of 2001. It gives power to financial institutions to conduct business in many important ways.

More importantly to consumers, there is a section devoted to the privacy of banking customers, including internet banking customers. Banks must provide consumers with a copy of their privacy policy. This explains how your personal information will be used by internet banking operations and other banks. Your personal information would include any information that can be identified as your particular information. It could be your name, address, social security number, internet banking transactions you have made in your name, and other information. It could also be any information that can be guessed by having some of this information. The study evaluated bricks and mortar banks, clicks to bricks banks, virtual bank internet banking operations, and other financial institutions. It compared each company's privacy policy, how they informed consumers about their privacy policy, and what options consumers had with them to "opt-out." If you opt-out, you are saying to the company that you do not want your information to be shared with other companies that are not affiliated with the bank. Under GLB, internet banking services still have the option of sharing your information with affiliates and marketing partners, but they should inform you that they are doing so. One problem has been that the privacy policy statements sent out to consumers by internet banking companies and other banks have been impossible for most people to decipher. They are not exactly an easy read. There is a movement to make them easier to understand. Another problem is that some internet banking companies have made it very difficult to opt-out of having their information shared with unrelated businesses. It should be the easiest with online banking. Indeed some internet banking companies have online forms to fill out so that you can be finished with it in short order. However, some internet banking sites make it nearly impossible to opt-out. They make you go to an 800 number, or write for a mail-in form, or they may not have opt-out at all. These are in the minority, but you should watch for them when comparing online banks. The good news is that virtual internet banking companies that offered standard banking services like checking and savings accounts scored the best in the study. If you want to keep your information private, check out your internet banking institution's privacy policy before you sign up.

growth in internet banking(millions)

here is the image of hw intrnet banking is working perfectly

Intrnet banking conclusion

internet banking is a great new way of performing everything that you do at the bank; on your computer. Although some people dont have an online banking account because they think that it is to vulnerable for fraud and theft, I think its a great new easy and simple way to:

Pay bills Switch money from one account to the other Keeping up to date with all of your latest cheque payments etc And doing all of the other things people do at banks in the comfort of their own home

Banks provide security and convenience for managing your money and sometimes allow you to make money by earning interest. Convenience and fees are two of the most important things to consider when choosing a bank.

Writing and depositing checks are perhaps the most fundamental ways to move money in and out of a checking account, but advancements in technology have added ATM and debit card transactions and ACH transfers to the mix. All banks have rules about how long it takes to access your deposits, how many debit card transactions you're allowed in a day, and how much cash you can withdraw from an ATM. Access to the balance in your checking account can also be limited by businesses that place holds on your funds. Debit cards provide easy access to the cash in your account, but can cause you to rack up fees if you're not careful. While debit cards encourage more responsible spending than credit cards, they do not offer the same protection or perks to consumers. Regularly balancing your checkbook or developing another method to stay on top of your account balance is essential to successfully managing your checking account and avoiding fees and bounced checks. If you have more money than you need to manage your day-to-day expenses, banks offer a variety of options for saving, including money market accounts, CDs, high-interest online savings accounts and basic savings accounts. To protect your money from electronic theft, identity theft, and other forms of fraud, it's important to implement basic precautions such as shredding account statements, having complex passwords and only doing online banking through secure internet connections.

Table of Contents 1) Banking: Introduction 2) Banking: Why Use A Bank? 3) Banking: How To Choose A Bank 4) Banking: Check-Writing 101 5) Banking: Making Deposits 6) Banking: Debit Cards and ATMs 7) Banking: Managing Your Checking Account

8) Banking: Savings Accounts 101 9) Banking: Safeguarding Your Accounts 10) Banking: Conclusion Read more: http://www.investopedia.com/university/banking/banking9.asp#ixzz1SBU8WUtr
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