I’ll admit I’m a geek. But what has pushed me over the edge on the topic of online banking was when my grandma started using online banking to keep track of her finances. Do you often wonder how much you owe on your car loan or mortgage? Online banking can help you keep track of that! Do you struggle with balancing your checkbook and wondering when someone will cash a check you wrote? ACH allows you to move money when you want and how you want. My employer currently rolled out a program where they will direct deposit my paycheck directly to my checking account, savings account, and email me the “pay stub”. It is so convenient and has made me wonder how I can better spend my time rather than waiting in line at the bank!
When you keep track of your money using online banking, you are also freed up to move your money around based on good interest rates, rather than physical location. There are online banks who will offer you way more than your local savings branch, simply because they don’t have to pay for a fancy bank building with drive through lanes. Try it out!