What is Online Banking?
Refer to any previous knowledge that you have and go to the following websites to look further into what online banking is: • “What It Is and How It Works” www.bankrate.com/brm/olbstep2.asp http://partners.financenter.com/businessweek/learn/guides/onlinebanking/emergeob.fcs • “Advantages of Online Banking” www.msmoney.com/mm/banking/onlinebk/bank_adv.htm • “Retail Banking, What’s Next?” www.banking.com/aba/NextEbank.pdf 3. Since not all students have seen what online banking looks like, direct all students to one of the online banking demos sites provide and walk through it step by step: • www.wellsfargo.com/per/online_banking/demo/demo_overview.jhtml • www.wachovia.com/demo/page2/1,,3138,00.html 4. While the students are looking at the websites in the next step, have them create their own pros and cons list. They should write their list in the the Pros & Cons chart provided. This chart can be completed online by clicking inside a box and typing in your information. 5. Review the follo
If you’re like most people, you’ve heard a lot about online banking but probably haven’t tried it yourself. You still pay your bills by mail and deposit checks at your bank branch, much the way your parents did. You might shop online for a loan, life insurance or a home mortgage, but when it comes time to commit, you feel more comfortable working with your banker or an agent you know and trust. Online banking isn’t out to change your money habits. Instead, it uses today’s computer technology to give you the option of bypassing the time-consuming, paper-based aspects of traditional banking in order to manage your finances more quickly and efficiently. Origin of online banking The advent of the Internet and the popularity of personal computers presented both an opportunity and a challenge for the banking industry. For years, financial institutions have used powerful computer networks to automate millions of daily transactions; today, often the only paper record is the customer’s receipt
Online Banking provides Rabobank, N.A., (the Bank), customers with Internet access to checking, savings, time deposit and loan accounts, in real time, 24 hours a day, 7 days a week. Personal Online Banking features include account balances, transaction details, check reorders, funds transfers, bill payments, stop payments and the ability to download your account data to Quicken and Microsoft Money.
