Online Banking is Green and Eco Friendly
Online banking or internet banking is a great way to save money each and every month – and it’s also very green and eco friendly – there’s much, much less paperwork
When budgets are tight and each little bit you save helps make life easier, it makes sense to investigate all your options – including online banking.
Here’s how online banking saves you money.
Low or Zero Fees
Because it costs banks less to do transactions electronically, they can afford to reduce or even eliminate some or all of the usual bank fees and charges. This means savings for you each and every month.
Plus, when you want to transfer money to another bank, instead of driving to 2 banks to do the transaction manually, using fuel and creating pollution doing so, or waiting days for a wire transfer /draft, you can do it more cheaply, more green-ly and and more quickly from the comfort and convenience of your home or office.
More Interest
Because internet or online banking is so much quicker, you don’t have to pay bills well in advance to make sure it’s transferred in time. Instead, you can pay your bills on the day before or even the actual day they’re due. That means your money stays in your account for longer, so you earn more interest – that’s cool!
Less Late Fees
When you set up automatic payments or reminders, you won’t miss a bill again, so no more late fees!
No Postage
No more paying to post payments – those savings are small but they add up!
Identity Theft
You don’t have to mail any account numbers, so you reduce your risk of identity theft which can be time-consuming and expensive to resolve. Also, you don’t receive printed statements so personal information is no longer in your rubbish where it can be found by thieves, and you save some trees too – very eco friendly.
Better Budgeting
Online or internet banking can make it easier to stick to your budget. When you manage all of your accounts from a single point, it’s easier to see where you’re spending your money. It’s easier to stay on budget. And many online bill pay systems are easy to integrate into home accounting software packages like Quicken, so you can always know exactly where your finances stand.
Online banking is a smart way to go if you want to save money and be green and eco friendly. It’s easy, it’s safe and it’s cost-effective.
Are you using online banking or internet banking? If so, what do you like about it? Problems? Let me know in the Comments below. And share this post – buttons below and right – thanks!
