Monday 13 April 2020

Online Banking Amidst Social Distancing

Since self-isolation and social distancing is becoming the need of the day, online banking has come as a savior for consumers. This write-up focuses on how it is helping consumers.


With the COVID-19 pandemic, government bodies are requesting their citizens to stay indoors and maintain social distancing. Staying indoors has its perks, but self-isolating means you have to carefully plan your trips to the groceries as well as your money spending habits. In situations where banks are being temporarily being closed to avoid human gathering, you might be concerned about paying your bills and mortgage on time.

As several banks in Wareham MA point out, in this situation paying the bill remotely could be an easy solution. Through this, you can pay through the secured online payment gateway as well as keep tabs on your savings and checking accounts instantly.

What is online banking?

In online banking, a consumer can manage their bank accounts with the help of electronic devices like mobile phones or laptops. The user can pay bills, make money transfer, check account balance, or apply for fresh checks.

In case of queries, they can reach out to their bank’s customer care reps for an answer, instead of visiting the bank through phones or social media. Most banks have launched bank websites and apps for consumers' benefits. These consumers can securely log into their bank account to manage and keep track of the account from the comfort of their home.

Security in online banking

Banks and credit unions take the matter of security in online banking very seriously. The two-factor authentication, i.e. along with login details consumers have to feed in an additional code sent via text, call, or email, provides additional security for protecting the consumer data and money. Additionally, the financial organizations encrypt the data so that third-party apps cannot access the information.

Most banks in Wareham MA, are requesting customers to opt for online and mobile banking features while following isolation recommendations made by the state.

Some of the benefits of online banking

One of the biggest advantages of online banking services is obvious accessibility. Since most of the banking jobs can be done remotely, consumers are not required to leave their homes and stay safe from infection. Additionally, it saves time as the consumer does not have to drive or stand in line to complete the transaction.

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Some other benefits include:

a) Fund transfer to multiple accounts
b) Linking multiple banking accounts
c) Date wise transaction history 
d) Locating home branch ATMs in the area
e) Automated bill payments

Thus, in current times enrolling in remote banking facilities is a must for everyone. With this program, members of the PCT Federal Credit Union are easily keeping tabs on your financial responsibilities while maintaining social distancing. Want to know more? Then, visit http://www.pctfcu.org/ or call 508-291-0777. They are always happy to help.

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