Benefits of Online Banking

Online banking has revolutionized how we interact with our finances, offering a new level of convenience. You may no longer have to visit a physical branch to deposit a check or look at your bank account balance. With a computer or smart device, you can manage your money from anywhere.

Let’s explore some benefits that make online banking an important tool for managing your finances.

Manage your account easily

Online banking makes keeping track of your account simple and accessible. You can log in at any time to check your balance, view recent transactions or update your account details – all without having to visit a branch.

Since online banking is usually available 24/7, you don’t have to plan around a bank’s hours. This flexibility allows you to manage your finances when it’s most convenient, making it a practical option for staying on top of your money.

Easy payments and digital transfers

Online banking can simplify paying bills and transferring money.

With features like autopay, you can set up automatic payments for things like utility bills, subscriptions or loan payments. This can help you make payments on time without the hassle of scheduling a payment every month or writing checks.

Many banks also offer digital payment platforms, like Zelle^®, that allow you to send money to friends, family or merchants directly from your bank account.

Deposit checks from your phone

Mobile deposit has turned a once time-consuming task into something you can do from your couch. With your bank’s mobile app, you can deposit checks simply by taking a couple of photos. Your funds are typically available within a day or two – the same as if you’d gone to the bank.

Check your account at any time 

With online banking, your account information is at your fingertips. Whether you’re curious about your balance, want to confirm a recent transaction, or need to check if a payment has cleared, you can do so in seconds.

The ability to monitor your account at any time can provide peace of mind and may help you catch any discrepancies or unauthorized transactions early. For example, if you notice a charge you don’t recognize, you can report it immediately, potentially preventing further issues.

Eco-friendly and paperless options

Online banking isn’t just convenient – it can also be environmentally friendly. By opting for paperless statements and digital receipts, you could reduce your paper waste. Banks may offer digital statements as the default but consider enrolling in this option if it’s not already activated.

Using the benefits of online banking

In today’s fast-paced world, online banking offers the tools and flexibility to stay on top of your finances. So, if you haven’t yet explored the benefits of online banking, now might be the time to start.

Disclosure: This article is for general educational purposes. It is not intended to provide financial advice. It also is not intended to completely describe any Citi product or service. You should refer to the terms and conditions financial institutions provide for various products.

To send or receive money with Zelle^® both parties must have an eligible checking or savings account. Transactions between enrolled users typically occur in minutes. Terms, conditions, and restrictions apply. For the protection of your account, Zelle^® should only be used to send money to those you know and trust. Neither Citibank nor Zelle® offers purchase protection for payments made with Zelle^® -- for example, if you do not receive the item you paid for or the item is not as described or as you expected.

 Zelle^® and the Zelle^® related marks are wholly owned by Early Warning Services, LLC and are used herein under license.