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How to Start Using Internet Banking
Perhaps you have decided that internet banking is for you. Now, you have to get set up so that
you can start using online services. Depending on which kind of Internet Company you are going
to use, there are different ways to start using internet banking.
If you want to register for internet banking with your bricks and mortar bank, or "clicks to bricks" as
it is called, you will find the process simple. You can call the bank and ask to register for their
online banking services.
They will send you the information you need. You will receive an instruction sheet in the mail. It
will explain how to log on to the internet banking website. It will also give you a unique username.
Usually, this username will not change.
The letter will also advise you on security issues with internet banking. It will explain
requirements, such as that you have 128-bit encryption on your computer. It will tell you how to
enter your username on the bank's website. It might counsel you to type in the bank's URL
carefully to avoid phony websites that are set up to get your information.
The next letter you will get will be one with your temporary password. It will give you instructions
on how to change your password. It will tell about the various security tokens you have to choose,
such as images and captions. Then it will tell you how to sign on to the bank's site and begin
If you are using a virtual bank, the process is a little different. To begin, you must first open an
internet banking account with the virtual bank. You can start by choosing the virtual bank you will
use for your personal or company's business.
Many considerations are the same as with bricks and mortar banks. You want to make sure they
are FDIC insured. You will be interested in their interest rates on savings accounts, loans, and
certain checking accounts. It might be necessary to know the bank's overdraft fees.
You will also be wise to read any information they have on their rules and procedures. It may be
dull reading, but it can be important to you. You need to know what your rights are and what the
bank expects of you. You will be asked to agree to these terms. If you are doing your internet
banking with a virtual bank, print off this information.
Once you choose a virtual bank, you will set up your account. You can do this by starting at the
bank's website. Make sure it is the reputable virtual bank you have investigated before you give
your personal information or send any money.
The virtual bank will let you choose a username and password, within certain parameters. Then,
you can get down to the business of starting your internet banking account. This will start with
some input from you.
You will give all the usual information that you would give to any bank where you set up an
account. Common questions are your name, your address, your phone number, your social
security number, and your place of employment. Then, you will send the virtual internet banking
company some form of deposit to get the ball rolling.
When you have yourself all set up to do internet banking, you can start making transactions with
the click of your mouse. It is fairly simple, whether you are doing internet banking by clicks to
bricks or virtual banks.
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