Where to apply for a bank account online?

20 years ago, that was the time when everything is done personally. Transactions, such as payment of bills, purchases and remittances.  All of those are done in offices and will require you to be physically present. You cannot perform all those transactions, if you are only at home.

It is almost the opposite now. With the advancement of technology, what is impossible before, can be done now. People these days are purchasing goods online, they send remittances online, pay bills and almost everything, you can do it online.

With these developments, people are gearing up in applying for bank accounts online.  This does not only make it easy for them, but, it gave them flexibility and mobility.  Below are some advantages of an online banking.

1. Flexibility – When you have an online account, you can enroll it in online banking. Once you are already enrolled, you can do every transaction, wherever you want to do it. You can transact in the comfort of your house, no more long lines and long wait.
2. With just an app, which you need to download to your smart phone, you can buy, pay bills, send and receive payments by just a swipe of your smart phones or gadgets.
3. It is very safe to transact almost everything. You don’t have to go out and exposed yourself, while doing it.
4. Time Saving and Effortless Transaction. Yes, this new development in the banking industry is very time consuming and very effortless.  You can do everything while lying on your bed watching TV or even in the toilet.

Where to apply for a bank account online?  Well applying for an account online is just easy.  First, choose the bank that you want to have an account.  There are many of them, so choose the one that has a good reputation and has a branch near your area. Second, go for the bank that has less requirements and less processing time. Third, check if they have the type of account that you want to open, how much is the initial deposit and the maintaining balance.

From there, you just follow the instruction.

It’s that easy, but, opening an account goes with a responsibility. Easy access means it is also easier to withdraw your money, anytime and anywhere. It needs discipline and total control, to avoid unnecessary expenses.  The next time you know, your withdrawal far exceeds your limit.

Another thing to be aware of is keeping your account safe. Make sure that your password is out of sight from anyone else.  Once you have exposed your password and account name, the danger of unauthorized withdrawals are eminent.  This is one of the disadvantages of online banking.  Because of the lack of finger printing, signature and pictures, anyone with your password can make a withdrawal.

Online banking is a very welcome development, but, with the comfort brought by it, there is still no reason to be complacent. After all, it’s your hard earned money that you are trying to secure.