Understanding Online Banking Part (5)

online banking4 300x200 Understanding Online Banking Part (5)If you want to use only online bill payment, you can use any bank. You will, however, need to sign up with an online bill payment service such as Intuit’s. (When you sign up with an online bill payment service, you give the service permission to write checks and make electronic disbursements from your existing bank account.) Read More…

Posted in Banking, Internet, Online at January 24th, 2012. No Comments.

Understanding Online Banking Part (4)

online banking3 Understanding Online Banking Part (4)With Intuit’s Quicken and QuickBooks products and with Microsoft Money, for example, the program will actually make many of the comparisons between your records and the bank’s records. This is easy, of course, because it’s easy for the accounting pro- gram to compare your electronic records with the recently retrieved electronic bank statement. Read More…

Posted in Banking, Internet, Online at January 20th, 2012. No Comments.

Understanding Online Banking Part (3)

online banking2 Understanding Online Banking Part (3)   Online Account Transfers

With online account transfers, you can use your account program to move money between accounts. You can, for example, move money from a checking account to a money market account. You can sometimes move money from bank accounts to liability accounts (like a credit card account or a loan account) if the accounts are all at the same bank. Read More…

Posted in Banking, Internet, Online at January 16th, 2012. No Comments.

Understanding Online Banking Part (2)

online banking 300x216 Understanding Online Banking Part (2)   For business checks and computer checks, you can easily pay a dime per form. Using online bill payment can actually save you money.  One specialized form of online bill payment is online payroll. With online payroll services like that provided through the QuickBooks online payroll service, the online payment service uses payroll information to make electronic funds deposits, automatically make payroll deposits, and file quarterly and annual federal and state payroll tax returns. Read More…

Posted in Banking, Internet, Online at January 12th, 2012. No Comments.

Understanding Online Banking

onlina banking18 300x226 Understanding Online BankingWhen people talk in general about online banking, they actually refer to several banking activities, including online bill payment, online account transfers, and online statements. Each of these activities warrants a brief description. In addition, it makes sense to briefly discuss the prerequisites for using online banking. Read More…

Posted in Banking, Internet, Online at January 8th, 2012. No Comments.