How do you feel about banking online?

IMO Paypal is an unnecessary intermediary. My online shopping is limited to businesses rather than individuals. Yesterday Hubby decided to purchase a sweater online but when he received the confirmation of his order he realised he had ordered the wrong size. I found the email address and sent one off explaining the error, hoping to get it fixed before despatch. Straightway we received an answering email saying "No problem, I will fix it." Not sure how I would do that using Paypal.
 
I pay all my bills w/checks. B of A is close by so I can drop off my house payment, if I don't want to mail it.
I belong to the credit union thru my work, so no fees on anything. They send me a statement every month.
Use ATM to make deposits...it's close by too.

I wouldn't have it any other way.
 

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We have banked with Ally for years (savings account and a separate account I put money in every month for car insurance, registration, etc.) and have had no problem getting a transfer from them to our local bank within a day or so. I use Paypal most of the time for online purchases and have never had a problem.
 
Frogfur said:
Simple answer . No. I control my own finances. I don't trust banks, they're in the business to make money. If not for credit, I'd put it all in a coffee can. Cash money talks.
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Your comment made me think about my parents. My dad was born in 1911 and my mother was born in 1916. They married in 1942 and I can remember that they never had a bank account. My mother had a Calumet can in their big upright freezer in the basement that she stuck cash money in. That freezer had a lock on it. Talk about "cold cash"...haha. When my dad died in 1987, she had to set up a bank account and that was the first checkbook she ever had.
 
Ruth n Jersey said:
How do you feel about banking online?
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I like the convenience, mainly use it for checking on account balances or seeing if checks or deposits have posted. Making transfers between checking and savings takes just a couple clicks. I set up a couple CDs with another financial institution completely online, no problems.
Hackers are more likely to invade a bank's database and gain your personal information, regardless of whether you bank online. Sure, a hacker "could" hijack your web browser or ....
 
I like it. I use it to pay my bills online but that is all. I really trust it more than leaving my checks in the mailbox which is something I would have to do sometimes.
 
I was a bit leery at first so started slowly. That was years ago and now I hardly ever visit a branch for anything except to access my safe deposit box and get cash if I prefer smaller denominations than what ATMs pump out. In fact, I can count the times I've used ATMs on two hands although I've had a debit card for at least 30 years.

Banking online is so convenient. I schedule all my bills to be paid from my checking accounts automatically. I only write one check a month for our carrying charges (AKA HOA fees) because they do not have a system in place for electronic payments yet. My son and I can transfer money back and forth between our accounts instantly, which has come in handy. Also instantaneous: moving money between my financial institutions, including brokerages and checking balances. If there's ever a mistake, it can be caught immediately rather than waiting for a monthly statement to come in. I noticed a couple of days ago that Uber added a wait time fee of $1.01 to my Citi card. I sent them a dispute message and I was credited right away. Another thing I can do is generate and use virtual credit card numbers (via Citibank). I love that benefit.
 
Since my post came up again I'll tell you what happened with my first online banking experience. Never again!
I don't drink but definitely needed one after that experience.

I entered all my info. which went smoothly. I tried to set up the account so I could see it online. They said I needed a password. Why don't they tell you how many letters and numbers you need at the beginning.

No, they tell you that after you have tried enough passwords to fill up an entire note pad.
Finally I got one they liked.

Next they sent me an email telling me to put the code in the place where I had requested it. I didn't request a code, they did!
Finally they were going to deposit 3 small amounts in my account to see if the account was mine.
I couldn't find that because I didn't know where to put the stupid code.

I was totally rattled at that point and went to bed.

The next day I went to a local bank and opened a cd in 20 minutes, Walked out with all the paper work and peace of mind.

I heard my mom say, "I told you so." and I'm now on my way to being an alcoholic. lol
 
Aunt Marg said:
I'm old-school to the bone, Ruth, and still swear by doing most everything the old-fashioned way, and hubby feels the same way.

We still receive paper bills each month (by way of mail), and do our banking the old-fashioned manual way (walk into the bank in person).

We're committed to being the diehards that we are right to the bitter end.
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I'm the same way. Trouble is, if the bad guys want our information, all they need do is 'hack' the bank. Our accounts are at their disposure then. But that said, I'll stick with the old way as long as I can.

My retirement system sends me notice about 2-3 times p/year about how much more convenient it would be for ME .... to do direct deposit <grin> And the bank notifies me about all I can get done on line.

We [the U.S.A.] do seem to be becoming a cashless society , so on-line may become mandatory in the not to distant future.
 

How do you feel about banking online?​


Well, there is something to be said about going into the bank, you know, having a one to one with a real live human................."thinking"..... where that surly bloke looks over the top of his glasses at me, gives me free sniffs of his garlic breath, looks me up and down like I was sh** under his shoe, then has the cheek to ask me why I'm withdrawing money and what I'm going to spend it on............I think I'll do it online. :)
 
timoc said:

How do you feel about banking online?​


Well, there is something to be said about going into the bank, you know, having a one to one with a real live human................."thinking"..... where that surly bloke looks over the top of his glasses at me, gives me free sniffs of his garlic breath, looks me up and down like I was sh** under his shoe, then has the cheek to ask me why I'm withdrawing money and what I'm going to spend it on............I think I'll do it online. :)
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"to ask me why I'm withdrawing money and what I'm going to spend it on........."

That is none of his business, and I for one would tell him so!
 
I love everything about online banking. Makes life a little easier. Have been doing it for about three years now and wouldn’t do it any other way. I personally have never had any problems. I use my tablet and it just takes a few minutes to pay my bills each month. Love it!
 

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