Convenience Through Online Savings Banking

Financial things are part of daily grind. Every now and then we use money to pay for our transportation, food, and entertainment. Putting the money inside a bank will give some peace of mind of safe keeping. Well, whether we like it or not we have to spend it anyway. Middle earning family have little or no savings in the bank by the way. When payday comes the bank account is full, but the follow days it’s amazingly depleted.

Sounds familiar? Anyway, I would like to share some benefits of online Savings Account. This is what I have at work and it saves me the time to go to the nearest ATM machine to pay my telephone bills and transfer money to my loved ones. Online banking gives me instant access and control to my savings account.

Let me share to you some online savings benefits and features from Wamu Bank: -Free Online Banking (required) -Free Electronic statements (required) -Maintain a minimum balance of $300.00 each day of the monthly statement cycle to avoid the monthly service charge amount of $4.00. -No monthly service charge when you open Online Savings account with WaMu Free Checking -account online, or link a new Online Savings to an existing active WaMu checking account, as long as checking relationship maintained. -Sign up for Overdraft Transfer Service and available funds will be transferred from your linked Online Savings account to your checking account to prevent overdrafts or other NSF transactions (e.g., bounced checks). Subject to transaction limits and funds availability. -Easy access to funds by ATM: Transaction limitations apply to Online Savings accounts and access is subject to funds availability.

Various banks have difference in list of benefits, but the above features are far more better than the ones that I have used.

Beware of Fake Websites

I have read about the news of the danger of Internet websites being faked by some notorious hackers. This is related to how the Internet translates names into Internet Protocol (IP) address. I think a couple of months ago there was a vulnerability in the domain name servers (DNS) which could be exploited through DNS cache poisoning. Everyone who knows about this have made the vulnerability a secret and manufacturers of these equipments have been rushing to develop a security patch for this flaw.

Have your Internet Service Providers (ISP) check your domain name servers whether it’s vulnerable or not. Making sure nobody is making phoney webpages of banks and other important websites which stores personal and financial information.