Making the Most of E-Banking

Woman sitting with the dog in the park and using phone

Most people are at least somewhat tech-savvy these days. But when it comes to digital banking, you might be missing out on a few time-saving tricks. Here’s how the internet can help make your financial life easier.

Online Banking

You don’t have to leave home for everyday transactions, because financial institutions offer a slew of online banking tools. For example, you can set up free online bill pay, review your statements, see when checks clear and more. You can also make transfers between accounts at different financial institutions.


Are you still getting your bank or credit union statements in the mail? It’s easy to miss a statement without realizing a thief could have pocketed the information. You can increase your security — and lighten your carbon footprint — by signing up for electronic statements. You’ll receive an email monthly or quarterly with account balances while still having access to that information anytime online.

Mobile Banking

Have you ever found yourself dining out with friends and wondering whether there’s enough money in your account to pay for dessert? If you’ve downloaded a mobile app from your financial institution, you can use a smartphone or tablet to check your balance, pay bills and transfer money between accounts while on the go.

Getting mobile alerts can also increase your security by putting you in constant contact with your accounts. The sooner that you alert your bank or credit union to a suspicious transaction, the more quickly it can limit any damage.

Automatic Bill Payments

Many people dedicate an hour or two a month to paying electric, gas, water and cable bills. Financial institutions provide automatic bill payment services that let you avoid that time and hassle. Once you identify the bills you want paid and when, the service will take it from there. All you have to do is ensure that there’s enough money in your account to cover the bills and check in to verify that the bills were paid.

Using all of the digital tools available for banking can make financial tasks more convenient and give you more time for the things you enjoy. It’s worth looking to see how e-banking can help take some stress out of your busy life.

Content provided courtesy of NerdWallet.


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Extra Credit provides general information to help improve our Member’s financial lives. Every situation is different, so please contact us for guidance on your specific needs. The advice provided in Extra Credit is not intended to serve as a substitute for speaking to a loan representative, financial advisor, or BALANCE counselor who can help tailor a solution for you.


One thought on “Making the Most of E-Banking

  1. Thanks for this advice when it comes to e-banking. I’m glad that you mentioned it could be good to know when you have bills to pay so you can have it be paid automatically. This seems useful especially if the bills are generally the same each month.

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