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Technology today is a truly incredible thing. In just one short generation, people can now meet and interact with people online or work from home thanks to the Internet and computers. But it doesn't end there and the possibilities continue to emerge each and every single day. If you have yet to learn about the possibilities of online banking then today is the day to change all of that and simplify your life in the process. And not only does online banking simplify your hectic life, it can have some serious financial benefits for you as well!

Banking in the traditional sense is a costly expense for banks which is precisely why they are offering financial incentives and special programs for customers that choose to do their banking online. For very similar reasons, companies are encouraging workers to use direct deposit which only serves to feed this growing trend towards the digital banking universe.

While having your hard earned wages directly deposited into your bank account is very convenient, there are a lot of other perks to consider as well. Whenever you like and from the convenience of your cozy home, you can transfer money from a savings to a checking account with the simple click of a button. You can also pay bills without bothering with envelopes, stamps, or any of the other traditional pains that accompany that onerous chore. Plus, without worrying about any deposit slip or driving to the bank during your lunch break, you can put funds from Paypal or other electronic fund transferring services into your account. And, for those homeowners out there trying to keep track of their accrued interest or equity balance, every aspect of your mortgage can be monitored and manipulated from home.

Online banking options really do continue to grow every year. Managing your portfolio no longer requires phone calls and personal visits to your financial adviser. Every single transaction can be conducted online at less expense and time. The online banking phenomenon is simply changing the very way we think about managing our finances.

However, there is of course a chink in the armor: Internet service interruption. Hey, it does happen from time to time and it will always be frustrating. However, as networks become more secure and stable, such inconveniences will continue to decrease while the advantages decrease.

Now there are also some legitimate concerns about privacy and the protection of your financial information. Although hackers and identity thieves do sometimes compromise the integrity of the system, the fact remains that two things are very much in your favor. First, such intrusions are rare and security is improved every year. Secondly, your funds are still guaranteed by FDIC no matter how you choose to manage your financial affairs.

If you work odd hours or simply cannot escape during your work schedule to take care of your banking matters, then online banking truly is a blessing. Waiting in line behind customers with 10 transactions and all the hassles associated with going down to your bank are eliminated with online banking. And, much like the introduction of self-service at gas stations a generation earlier, online banking is here to stay so you may as well get into the game now and learn how to take advantage of this convenient and useful technology!