Transcript Electronic Banking AKA E

E-Banking is the use of electronic means to
conduct banking business, such as telephone,
Internet, cell phone, or other device by way of
secure internet connection.
Products may include:
Internet Banking
Online Bill Pay
Mobile Banking
Phone Banking
E-statements
Debit Cards
Speed
Accessibility
Electronic Documentation
Time Savers
Customer Satisfaction
Location of Customer
Convenience to the Customer
Low Cost Banking
Time efficiency
Ability to pull historical info any
time
Ability to transfer funds any
time, any where
Decreases chances of Mail Fraud
Decreases personal information Fraud
Decreases chances of Check Fraud
Removes trips to ATM’s for transfers and
balance inquiries
Note: All personal internet connections and
computers must be secure with Passwords and
Anti-Virus to assist in decreasing fraud
electronically
“Since Checks contain both the routing
information for the bank and the account
number, one check is all a criminal needs to
create a fraudulent instrument”
“The Check can be lifted during a car or home
burglary or by less scrupulous employees of
companies contracted by victims. Sometimes, a
check will be stolen from the middle of the book
in hopes that it won’t be noticed or flagged
immediately.”
View account balances and history
See check images
Make Transfers between accounts and banks
Use Debit Cards
View Statements electronically
View Notices electronically
Pay Bills or a person any time
Set up Bills to be paid automatically
Make Loan payments
Download History to Checkbook software
Inquire on Balances
Set Financial and Budgeting goals
Set alerts of balances, items, or amount info
Make Account 2 Account Transfers
Make Bank 2 Bank Transfers
Download Statement information
Pay Bills one time
Pay Bills reoccurring automatically
View paying history
Bill invoices can be set up electronically to show
in Online Bill Pay
PopMoney
Set up payment reminders
Same login as Internet Banking
View balances and transactions
Make One Time Transfers
View Check images
Link to Bill Pay Mobile
Inquire on Balances
Transaction history for Withdrawals and
deposits
Make One Time Transfers
View Current and Past Statements Electronically
View Current and Past Notices Electronically
Ability to Download and Print
Complete an Electronic Reconciliation
Search for Checks or Item wording in Past
statements
Real Time transactions
Easy pay process at merchant
Fast Internet purchases
Replaces paper check use
PIN based Security
Replaces Cash usage
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