The Best Online Banks & Services
– Smart Internet Banking Tips –
Why Banking Should Reflect Your Lifestyle
Just as no two people live exactly the same lifestyles and don’t have exactly the same homes, jobs or families, the same holds true for banking. Some people prefer going into a financial institution to cash or deposit their paychecks. Others opt for direct deposit whenever available through their employers.
Some have a lot of time on their hands, while others are always in a rush to get things done. There are so many reasons why your banking should reflect your lifestyle, perhaps it’s time to look at what you, personally, need from a bank.
• Convenience – Checking and Accessing Funds
In today’s hectic world where everything is happening around us at the speed of light, or so it seems, convenience is huge in banking. Unless you are retired with plenty of time on your hands, you might do well by checking out the best online banks simply because they offer the ultimate in convenience. You don’t ever need to go to an ATM or to a branch bank to check your available balance. You can access funds simply by going online to make transfers if you so desire. The way in which you bank should reflect your lifestyle so that you aren’t constantly in a tizzy trying to get deposits made and all bills paid.
• The Type of Accounts we Hold
Oddly, you would think that everyone has a checking account and a traditional savings account, but this is no longer the case! Some people simply have savings accounts and others stick with basic checking. Others have Money Market accounts while others prefer CDs (Certificates of Deposit).
The type of accounts we choose to open is also largely a reflection of our lifestyle. You should consider carefully which type best suits you where you are now in your lifetime. Some savings accounts grow slower than others, so young people have time to compound that interest. Others are a bit riskier but have the potential to grow quicker when the market is right. Is that a risk you can take given your current income and lifestyle?
• Ways in Which Funds are Deposited
Another thing to consider when checking out the best online banks is how hard it would be to have your funds electronically transferred to your bank. Some banks make it easier than others. Although there are standard procedures to follow when setting up direct deposits such as payroll or government checks, some banks simply make it easier to do. If you are familiar with the process, an online bank would do just fine. However, if you need extensive customer service, you might want to find a branch bank so that a teller can walk you through what you need to know.
Most people do appreciate online banking simply for the convenience, but that doesn’t mean you need to use online access if you choose to visit your branch each week. The best solution for most consumers is to find a highly rated bank that offers both brick and mortar and online banking options. This way, you have the best of both worlds, no matter your lifestyle.
Cheers, Klaudia xx