| Since the internet has become a popular place to buy | | | | In the future, this may become the trend. Online banking |
| and sell goods, online banking services have made their | | | | that people will do exclusively on the internet is not out |
| way into most homes. Easier to pay bills, manage | | | | of reach. These days, people can look into investing, |
| money, and transfer money to other accounts, internet | | | | opening up other accounts, and taking out loans |
| banking is a convenient way to handle money. Many | | | | without leaving their computer. There are many |
| employers now have direct deposit, which makes it | | | | advantages to this form of banking. Money is |
| easier to put money into one's account. No more trips | | | | transferred faster, people can check their balances |
| to the bank every Friday. The money is in the account | | | | within minutes, and people will no longer miss bill |
| the night before and is available for use on Friday | | | | payments. |
| morning. Most banks now offer some type of banking | | | | There are also disadvantages to operating solely on |
| services on the net. While not all banks have all of the | | | | the internet. Sometimes it is necessary to talk with a |
| options that people will need, many banks now offer | | | | banking representative in case there is a problem with |
| more services than they have before. | | | | the account. Being able to talk to a person face to |
| Some banks will allow people to send electronic | | | | face will help the situation. Online banking services |
| checks to credit card companies and student loan | | | | would require that people speak through email or over |
| organizations instead of writing out a check each | | | | the phone. Another problem is that errors concerning |
| month. This saves time and paper. Some banks will | | | | the amount of money that a person has in their |
| allow a person to see their account at any time during | | | | account. Without a paper trail, the situation could be |
| the day and allow them to make changes that they | | | | dire. |
| see fit. | | | | Online banking services still have a long way to go, but |
| They can transfer money into a savings account, open | | | | those who use them now say that it is very |
| other accounts, or buy items online. Since many people | | | | convenient and easy to use. People will continue visiting |
| shop online, they will use their debt card to pay for the | | | | their bank and conducting business by talking with |
| items that they purchase. This can make money | | | | others. While internet banking may be more convenient, |
| management even easier. Online banks that do not | | | | most people still feel more comfortable speaking with |
| have traditional branches are also beginning to open on | | | | a person rather than typing an email or talking over the |
| the internet. Without a location to visit, people conduct | | | | phone. |
| all of their banking online. | | | | |