Wednesday, July 18, 2012

Internet-enabled savings bank accounts


INTERNET ENABLED SAVINGS BANK ACCOUNT

What are on offer?

If your bank allows you to access your savings account through its website, it is of course an added convenience. Nowadays, most banks offer this facility. Therefore you may like to know the scope of services that are offered by various banks and examine their adequacy in the light of your requirements.

 The common services offered are:

(a) Accessing and viewing your account;

(b) Take a printout of account statement / transactions relating to specified period;

© Making specific transaction oriented enquiries;

(d) Cheque status enquiries;

(e) Viewing of account details of all accounts with trhe bank;

Higher level of services may include:

(a) transferring money to fixed deposit;

(b) closing a fixed deposit and retransferring money into savings bank account;

© transferring money to make a demand draft;

(d) transferring money to a third party;

(e) investing in mutual fund;

(f) making periodical payments for utility services e.g., telephone bill;

(g) online tax payments;

And more..

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