Hescommingsoon asked:


They have taken money out of my bank account ,unauthorized, and I want to know who these people are?

Online banking has been supported by many banks and so the burden of visiting banks for small transactions has now been reduced. For those who are new to this form of banking, and the types of banks, here are a few basics to help them out with.

There are three types of banking solutions -

1. Commercial banks:
Commercial banks are those that are quite commonly found and they provide online banking solutions as well. The other services include managing accounts, savings accounts and providing loans for various purposes. The state or the federal body usually regulates them some banks like the Lloyd are regulated by the Financial Services Authority the body that regulates financial institutions in UK.

2. Credit Unions:
This is something like a community banking where people in the same field are grouped together. They can be those pursuing same kind of profession or those working for the same company or something in common. Profits are equally shared by all members of the group and it is possible to open an account only if you belong to the particular group. Credit unions may also be based on geographic locations. People living far from the place cannot open the account. The account limits may vary between $5 and $50. The loans can be availed at lower rates than the commercial bank. But we should be see how far online banking has reached in this sector.

3. Savings and Loan Association:
These banks operate mainly to provide loans home loans and other loans using money from the accounts of their customers. These banks are best suited for savings account as their interest rates are better than many commercial banks. Online banking has nowadays started reaching this sector also.

In case you’re skeptical about the online form of banking, there’s nothing to worry about. Most of the corporate giants are dealing with electronic funds transfer, so it is completely safe to adopt the same. However, you must be careful enough not to give your credential like passwords, net-banking PIN, telephonic banking PIN, or any other password to others.

By: Lana Leicester

About the Author:

Gerald W asked:


I have a question in regards to identity theft…

I knew someone who was a victim and they never found out who stole his identity. How do the FBI and police find the theif? What if their smart and use a different mailbox/phones computers to actually steal identity. I guess this is a sad question in regards that milllions get their identity stolen per year. bye

Ryanizer asked:


I want to know how to clear the history of what was viewed on the internet completely and permanently. I know that you can go to control panel, internet options, to clear history, delete cookies, and delete temporary internet files but that does not completely get rid of everything does it? I want it to be all cleared off because I want to sell my computer but have done banking and all that on the internet and have looked at pages that are kind of embarrassing. The person that wants to buy it is really computer savvy and I just don’t want him to see the information that might be left behind.

fiserv asked:

The 2009 Consumer Billing and Payment Trends Survey, sponsored by Fiserv and conducted by The Marketing Workshop and Harris Interactive, finds a total of 69.7 million households now use online banking services. Thats four out of five online households, which shows online banking continues to grow.

Enlighten me asked:


How do I know if it is a genuine infection? After having scanned the PC with anti-spyware, how do I know if the computer is safe to use and completely ‘healed’ & secure. Do I need to inform my bank if I am using internet-banking?

xTF rules asked:


I’m 16, I want to open a online bank account. Right now I have a bank account with B of A and I’m only getting 0.20% interest and I have 2,101.82$ in the bank right now, and I have about another 300$ to deposit right now.

I’m looking to switch to a online bank account for the ease of it, and for higher interest rates then a measly 0.20%

Kristin D asked:


We are moving and my car was broken into. They stole my wallet, which had my sons’ social security cards, and my old one with my maiden name and my new one. They also ended up with my routing and account number, but I closed the account. They had my ID too, but that was mailed back to me from across the state. I am afraid they will open accounts in my sons’ names, since they have all the information needed. How do I file a identity theft/fraud alert for free?

yobi kunizuki asked:


1)CURRENT SERVICE CHARGE DR NSF S/C EFT $33.52
they charged me $40

2)TRANSFER CURRENT TO G/L NSF S/C Bill -MTS Home Service
they charged me another $40

and

CURRENT SERVICE CHARGE DR NSF S/C EFT $5.68
and they charged me another $40

i wonder what they are, i have money in my account but when i opened my internet banking i got surprised when i saw it..

what does it mean?