What are the uses of internet banking?
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Beginner’s guide to online banking
Online banking, also known as internet banking, has become increasingly popular over the past decade. It’s a great way to take control of your finances and an easy way to make sure you’re keeping up to date with payments. More than half of us now avoid queuing up in bank branches by accessing our accounts directly from our computers, tablets or smart phones. But how does it work and is it safe?
What is online banking?
How secure is online banking?
What if something goes wrong?
How to set up online banking
How to access online banking without an internet connection
Read more
What is online banking?
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Account dashboard
Do you have more than one account? New services mean you can now see all your accounts in a single banking app. Find out more here.
Banking online means accessing your bank account and carrying out financial transactions through the internet on your smartphone, tablet or computer.
It’s quick, usually free and allows you to carry out a number of tasks such as paying bills and transferring money, without having to visit or call your bank.
Many banks also have free apps which let you use these services from your smartphone or tablet.
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According to FCA, you are 24% less likely to incur unarranged overdraft charges, if you use a mobile banking app and text alert service.
Most banks let you use your online account to:
Check your bank balance at any time
Pay your bills and transfer money to other accounts
Check any linked mortgages, loans, savings accounts or ISAs
Check your bank statements and go paperless (stop getting paper bills sent to you)
Set up or cancel direct debits and standing orders
Check on any investments you might have that are linked to your account
How secure is online