What are the positives and negatives of online banking paying bills?
Detective Voight: Convenience and security, as long as you protect yourself. Make sure you have a secure password and that you don’t forget to log off when you are done working on your accounts. Most banks have inactivity time limits meaning if you are logged in and there is no activity, it will automatically log you off. Robert Schroeder: Online banking can save time and money (e.g., stamps). Any online transactions raise some risks. For example, if your computer has been infected, thieves may be able to steal your bank login and password and get access to your account. Therefore, it is important to make sure your computer is protected against viruses and hackers. It is also important to deal with banks and other merchants who you know have installed sufficient protections on their networks. Paper transactions can also create risks that you should protect against – e.g., don’t put outgoing bill payments in your mailbox where ID thieves can steal them.
