Thursday 26 March 2020

Online banking services: A boom in this hour of crisis

Amidst the spread and contamination of COVID 19 virus, more and more banking and financial institutions are closing or limiting the branch access for their customers throughout the United States. Although, this initiative is a welcome change – after all, it limits the spread of infection among people – theinitiative is bound to hit the funding and trading customers badly. 

But there is hope. Member or clients of the banks in Wareham who have opted for online banking services can enjoy banking facilities from the comfort of their home, without the fear of getting infected.

What are online banking services? 

With the online service, customers of a bank can get remote access to their bank accounts. Additionally, they can transfer money as well as perform a host of tasks with a few clicks from their phone, tablet, or computers. These services are protected by the special security measures – like encrypted data protection, and rotating passwords – to ensure consumer safety. Additionally, federal laws have been established to protect the interest of the customers in case of theft. 

Most of the millennials or Gen Z have embraced the benefits of internet banking services more openly. Here are few of them (this is not an exhaustive list):
  1. Mobile banking 
One of the biggest advantages of online banking services is mobile banking. Customers can access their respective bank accounts, remotely, from any part of the world through their mobile phones or any other handheld devices. Furthermore, they can carry out a host of tasks including: 
  1. Make fund transfers to their linked accounts
  2. Add linked accounts
  3. View transaction history 
  4. Find their home bank ATMs in the region
  5. Pay utility bills 
  6. Set automated bill payments and reminders 
It might sometimes feel like carrying the bank in your pocket. 
  1. Managing credit cards
With internet banking, consumers can focus on managing their credit cards in easy simple steps. They can not only view their current and pending account history and statements but also make credit card payments as well. Automated payments for card dues can also be arranged remotely. 
  1. Viewing account statements/estatements
Instead of waiting for the account statement to arrive in the mail, clients can view their bank statement on the go with their online services. In some banking institutions, consumers have to enrol for the estatements, to receive the statement on their preferred email account. 

With all these benefits, you should enrol yourself into remote banking facilities. Several credit unions and banks in Wareham offer these services to their customers. Moreover, members of PCT Federal Credit Union get a chance to keep tabs on their UChoose Rewards program. Interested to know more? Then, visit http://www.pctfcu.org/ or call 508-291-0777. They are always happy to help.