Monday, September 26, 2016

How The Internet Has Affected Banking

The Internet is an ever-evolving platform bringing the latest technology to consumers.  From smart-phones to personal computers, the Internet has made banking a more efficient and painless experience.  With emerging online banking services, consumers can now check account balances, review account information and transactions at their convenience.  Take a look at some of the ways the Internet has changed banking:

Say Good-Bye To Banking Hours
With the convenience on the Internet, banking hours no longer apply to consumers.  Online banking provides access 24 hours a day, 7 days a week for those looking to manage accounts.  24-hour online banking is extremely convenient for customers who want to access their account outside of business hours and when banks are typically closed.

Declining Teller Transactions
Instead of driving to the bank, waiting in line and consulting a teller, online banking now allows transactions from the convenience of your home.  Consumers can now transfer funds, make deposits, request withdrawals and pay bills through online banking.  Recently, the convenience of the Internet has caused teller transactions to decline.

Cyber Security
Personal information is shared through online banking transactions.  McHenry Savings Bank has significant safety measures in place to protect the information of our customers. While there is a possibility for security breach and identity theft at nonregulated sites, the most important thing YOU can do is to limit the personal information you give out to only secure and verified platforms.

At McHenry Savings Bank, the Internet has changed the way we do banking!  We are proud to offer online and mobile banking for the convenience of our customers.  With safe and secure online services, check your balances, transfer funds, pay your bills, pay people and receive eStatements. Our eBanking website is also fully functional through your tablet or Kindle. For more information on McHenry Savings Bank, visit our website or call 815-385-3000.