What are two reasons to not use online banking? What are tow good reasons to use online banking?
Tuesday, February 2nd, 2010
at
5:28 pm
lovemimi asked:
Why a financial plan is important?
Why do you think it is important to plan expenditures carefully?
What do you think the difference is between saving and investing?
Why a financial plan is important?
Why do you think it is important to plan expenditures carefully?
What do you think the difference is between saving and investing?
Tagged with: Expenditures • Financial Plan • Online Banking
Filed under: Online Banking
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2 good reasons:
1. Instant access to your account. Know how much money you have in your account.
2. The ability to pay bills online. Almost all creditors now accept online payments. Some payments can be automatically scheduled to be sent out. Also, no need to worry about payments getting lost in the mail or not arriving on time.
2 bad reasons:
1. Security. Eventually, every site can be broken into. While banks do offer some of the most secure site, someone will eventually get into it. Lets just hope the banks are always one step ahead.
2. The stress factor. Maybe always knowing where your money is can be a bad thing. Turning into a money managing stressed out pyscho can result from checking your online account 10 times a day. No need to always rush home to see if that recent Wal Mart debit card purchase has hit your account yet.
Reasons to use Online Banking
1. Fast and convenient, u can sit at your desk ***** n then pay your bills or conduct a business like what i do (ok not ***** but at least in boxers.. haha )
2. Safe.. with all the handphone sms verification and strong password requirements.. its very safe n i never lost any money to hackers
Reasons not to do online banking
1. If u r hopeless at computer n have no one to help u, DONT DO internet banking.. i mention its safe b4 but thats when u have proper antivirus n spyware sweeper
2. If ur gullible and believe in nigeria scam emails n phishing emails, DONT do internet banking, u will most likely lose your passwords to phishers n lose money..
I have traded n transacted over 20-30 k USD of money online over many occasions n have no problems with hackers whatsoever.. so its very safe for me..
so yah depends on your level, if u wish for more investment n internet safety tips, feel free to visit my site at CashSG.com (under renovation n outdated.. shld be done by next week) n subscribe to my newsletter
Thanks
Simon
Pro:
1.Because it`s convenient.
2.Because it`s convenient.
Con:
1. Maybe security problems
2. ?