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Cyc elective online banking


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Cyc elective online banking

  1. 1. 9-16-10 A CYC Electives Module Online Banking and Online Bill Pay
  2. 2. Online Banking & Bill Pay <ul><li>Online Banking gives you access to your account(s). </li></ul><ul><li>Online Bill Pay allows you to pay bills online. </li></ul>
  3. 3. <ul><li>Manage your money by transferring funds to different accounts (i.e. checking to savings). </li></ul><ul><li>Track debit card transactions </li></ul><ul><li>Track checks clearing your account. </li></ul><ul><li>Pay bills directly from your account. </li></ul>What Is Possible
  4. 4. <ul><li>Make a onetime payment or set up automatic electronic payments to a certain day each month. (Bill Pay) </li></ul><ul><li>Available 24 hours so no need to work around your bank’s branch hours. (Online Banking & Bill Pay) </li></ul><ul><li>No need to order checks or purchase stamps. (Bill Pay) </li></ul><ul><li>View current and past bank statements. (Online Banking) </li></ul>Save Time & Money
  5. 5. <ul><li>Generally you can enroll for online banking at your bank’s website or visit your local branch and they can assist you in the process. </li></ul>Signing Up
  6. 6. Online Bill Pay <ul><li>Pay bills from your bank’s website. </li></ul><ul><li>OR </li></ul><ul><li>Pay a bill from the website of the company you are paying. </li></ul>
  7. 7. <ul><li>What are the differences between online banking bill pay and paying a bill on the website of the company you owe? </li></ul><ul><li>Online banking bill pay is where you link your bills directly to your bank account and pay multiple bills from your bank’s website. </li></ul><ul><li>The alternative is to go directly to the company’s website and log in it to pay (i.e. Direct TV or Verizon Wireless). </li></ul>Differences
  8. 8. <ul><li>Some banks charge a fee for online access. Some banks charge a fee for online bill pay. </li></ul><ul><li>Just a few companies charge a fee to pay your bill online. </li></ul>Cost
  9. 9. Security <ul><li>NEVER tell anyone your online banking password. </li></ul><ul><li>NEVER follow a link to a bank website. </li></ul><ul><li>ALWAYS check the url to make sure you are on the correct website. </li></ul><ul><li>Whether the computer is at home or a public computer be sure to log out of the bank website when you are not with the computer. </li></ul>
  10. 10. Creative Commons License <ul><li>Curriculum content created by Connect Your Community, a project of OneCommunity , funded by the federal Broadband Technology Opportunities Program . </li></ul><ul><li>This work is licensed under the Creative Commons Attribution 3.0 Unported License. To view a copy of this license, visit </li></ul>15