What is Internet Banking Service and Is Internet Banking Safe?

Aug. 11, 2011 - PRLog -- What is Internet Banking Service?

Internet Banking Service allows you to check & manage your bank account from home, work or any other places with internet connection. Internet banking system is a fast and convenient way to undertake various banking transactions even after working hours. Since internet banking system is available 24/7, you can save a lot of time without having to travel and queue up to do any banking transaction.

What is the Internet Banking Requirement?

In order to use the internet banking services, you don't need a specific software or access to a private network. What you need is just an internet connection as well as an internet browser. Once you have registered for the internet banking account with your banking institution, you can access to it from virtually anywhere in the world. However, I would recommend you to install security software and personal firewall to protect your privacy.

What can I do with my Internet Banking Account?

It actually depends on the banking institution, but I would say most of the banking institution offers the following services currently:

- Request for cheque books and statements
- Pay loans, bill, credit cards, etc.
- Check your account balances and statements
- Apply for bank drafts and telegraphic transfers
- Transfer funds between accounts
- Check status or stop payment of your cheques

There are also other services that might be provided by your banking institution, such as foreign currency converters and mobile airtime reload.

Is Internet Banking Safe?

There are always risks involved with internet banking, but most banking institution emphasizes on strong internet banking security. They have invested considerable resources and efforts to minimize the risks of internet banking. For example, your account information is encrypted and will automatically log-off after few minutes when you are idle. Besides, they too have a system to detect hackers to protect their customers' account from being attacked. Lastly, their internet banking systems are tested regularly to ensure its reliability.

For more information, please visit Best PC Utilities: http://bestpcutilities.com/tips/what-is-internet-banking-...

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