The method of checking an account balance online will vary, but one way is by logging into the online account a user owns with a bank and viewing the balance, advises Bank of America. Individuals must register for an online account with their bank by creating a user name and password and verifying their identity. The online account may be opened when the customer opens a new checking account, advises Ally Bank.
Individuals can also view transactions, deposits and monthly statements online and have access to their account 24 hours per day, states Bank of America. Additional online services may vary by bank.
For example, customers may enjoy benefits such as text or email alerts for events such as available balance, low balance when funds dip below a certain threshold, payment due date or unusual activity, states Bank of America. Banks may also offer mobile check deposit services, bank transfers and bill pay, states Ally Bank.
Customers who opt to use online banking exclusively and not receive paper statements may receive additional benefits from their bank. For example, customers can easily access previous statements, states Bank of America, who stores statements for up to 7 years. Banks may also offer lower fees to customers who opt-out of receiving paper statements, states TD Bank.