2/25/2005

Online banking saves people time!

Online banking saving people time and money. Personally online banking saves me tons of time everyday. I pay bills, manage a credit card, and check my account balance in a matter of minutes! I can’t see how people lived so long without online banking. In the article “Click! online banking usage soars!” it says that 53 million Americans use online banking or about 44% of total internet users. In total can you believe how much time online banking saves America? This is just another classic example of our economy going forward by making things easier! God bless technology!

12 comments:

heather said...

This technology is wonderful, i agree. I remember when I was younger, once or twice a month, my mom would spend an entire evening writing checks, licking the envelopes, and so on... It seems so archaic now. I pay all of our monthly bills in a matter of minutes. No stamps, no envelopes, just a click here and a click there. It is so efficient and reliable.

Lana said...

I've been considering this, but how secure is on-line bill pay?

Drake said...

I am curious how secure online bill pay is as well. I bank online, but I have yet to use bill pay or some form of other payment methods. I definately agree with the post though online banking technology has saved huge amounts of time for people with better things to do than worry about account balances.

Lana said...

I found an article that answers some of our security questions.

http://moneycentral.msn.com/content/Banking/Betterbanking/P38218.asp

Marie said...

Online banking truly is a wonderful thing. When I think about it I'm really saving more than just time. The bank that I go to is accross town. I save in gas and the depreciation of my car. Economically we are sure better off.

Anonymous said...

Online banking is convenient for Americans, and this is why it is such a time saver. I think that online banking is limiting the job of a teller because it is losing its value for customer service.

Dale said...

Online banking is convenient for Americans, and this is why it is such a time saver. I think that online banking is limiting the job of a teller because it is losing its value for customer service.

Tom said...

Call me old fashion, but I'm still a little worried about security issues. Technology is awesome and I love hearing about new products, but with new technologies come new opportunities for theft and deceit, especially with online banking.

Emily said...

Online banking does have several economic bonus such as saving time, money, and several other resources. Online banking is a fast growing trend which shows there is a demand for it. As for changing from the on site to online there will always be some need to worry about thief when it comes to the internet, but think about buying online stuff that is just as scary or more. As for jobs there are jobs being made such as computer techs needed to keep everything running properly and job loss from tellers being replaced.

Ralph said...

I like online banking because it saves time and they give higher saving interest rates. They can do this because they do not have overhead expenses like other banks. More people will get used to online banking because of the benefits it offers.

Dr. Tufte said...

I wonder if you're counting all the costs. I'm pretty tech savvy, and have tried online banking repeatedly over the last 13 years, and I'm still not convinced that it works better than using Quicken or Money at home.

Dr. Tufte said...

I forgto to mention that this may actually be because I can type quick enough to make point-and-click systems pointless.