(NewsUSA) – Online banking is fast becoming the norm. Many
banks offer it for free, it's easy and some say it's even safer than banking in a brick and mortar
One reason for the jump in popularity is the convenience of paying bills online. You
can pay in minutes, without the hassles of writing checks and stuffing envelopes.
"Life is hectic enough without having to carve out the time to go through a bunch of bills,
fill out the check, put it in an envelope, seal it and stick a stamp on it," said Jerry McCoy,
chief marketing executive at NetBank. "With online bill pay, it takes five minutes or less to pay
all your bills without ever having to write a check or lick a single stamp."
With NetBank, once the account is set up, customers simply authorize the bank to make
payments for certain amounts on specific days, saving the average bill-paying family more than $40
per year in stamps alone.
You can set up automatic drafts to pay bills such as your mortgage or auto payment. This can
eliminate the risk of a missed payment, which could put your credit score at risk.
More companies today also have the ability to send bills electronically, eliminating a
lot of the paper mail that customers receive. NetBank's online bill service automatically notifies
you when you receive an electronic bill. If you're traveling and need to pay, all you have to do is
log on to your account.
In addition, paying online can actually help protect you from identity theft. The
majority of identity theft and fraud cases occurs offline, especially through the theft of bills
and other documents sent by mail.
A recent Identity Fraud Survey Report released by the Council of Better Business Bureaus
and Javelin Strategy & Research found that 90 percent of data compromise takes place through
traditional offline channels. Conversely, online banking can reduce the harm caused by identity
theft because electronic account monitoring is the fastest way to detect fraud.
For more information, visit www.netbank.com.