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Electronic Banking

Electronic Banking. WHAT IS E-BANKING? . E-Banking is the use of electronic means to conduct banking business, such as telephone, Internet, cell phone, or other device by way of secure internet connection. Products may include: Internet Banking Online Bill Pay Mobile Banking Phone Banking

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Electronic Banking

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  1. Electronic Banking

  2. WHAT IS E-BANKING? • E-Banking is the use of electronic means to conduct banking business, such as telephone, Internet, cell phone, or other device by way of secure internet connection. • Products may include: • Internet Banking • Online Bill Pay • Mobile Banking • Phone Banking • E-statements • Debit Cards

  3. What E-Banking Brings to the Table • Speed • Accessibility • Electronic Documentation • Time Savers • Customer Satisfaction • Location of Customer

  4. Why E-Banking? • Convenience to the Customer • Low Cost Banking • Time efficiency • Ability to pull historical info any time • Ability to transfer funds any time, any where

  5. E-Banking Decreases Fraud • Decreases chances of Mail Fraud • Decreases personal information Fraud • Decreases chances of Check Fraud • Removes trips to ATM’s for transfers and balance inquiries Note: All personal internet connections and computers must be secure with Passwords and Anti-Virus to assist in decreasing fraud electronically

  6. Facts About Fraud “Since Checks contain both the routing information for the bank and the account number, one check is all a criminal needs to create a fraudulent instrument”

  7. Facts About Fraud “The Check can be lifted during a car or home burglary or by less scrupulous employees of companies contracted by victims. Sometimes, a check will be stolen from the middle of the book in hopes that it won’t be noticed or flagged immediately.”

  8. Do Your Banking Online • View account balances and history • See check images • Make Transfers between accounts and banks • Use Debit Cards • View Statements electronically • View Notices electronically • Pay Bills or a person any time • Set up Bills to be paid automatically

  9. Online Banking Products

  10. Internet Banking • Make Loan payments • Download History to Checkbook software • Inquire on Balances • Set Financial and Budgeting goals • Set alerts of balances, items, or amount info • Make Account 2 Account Transfers • Make Bank 2 Bank Transfers • Download Statement information

  11. Online Bill Pay • Pay Bills one time • Pay Bills reoccurring automatically • View paying history • Bill invoices can be set up electronically to show in Online Bill Pay • PopMoney • Set up payment reminders

  12. Mobile Banking • Same login as Internet Banking • View balances and transactions • Make One Time Transfers • View Check images • Link to Bill Pay Mobile

  13. Phone Banking • Inquire on Balances • Transaction history for Withdrawals and deposits • Make One Time Transfers

  14. E-Statements • View Current and Past Statements Electronically • View Current and Past Notices Electronically • Ability to Download and Print • Complete an Electronic Reconciliation • Search for Checks or Item wording in Past statements

  15. Debit Cards • Real Time transactions • Easy pay process at merchant • Fast Internet purchases • Replaces paper check use • PIN based Security • Replaces Cash usage

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