Online checking accounts allow bank customers to pay bills and manage finances through the Internet using a personal computer or mobile device. Most banks offer a convenient online service so that users can manage most of their personal banking remotely, says Financial Web.
Online banking is well-established, safe and easy to set up, states Financial Web. With online banking, customers are able to view their accounts, accept direct deposits, schedule regular payments and transfer money between accounts. Online services are available 24 hours a day and accessible anywhere the Internet is available.
There are some risks to Internet banking, notes Financial Web. While banks have very secure servers and protocols, customers need to be cautious, as personal computers can be vulnerable to hacking and spyware. Users of online banking services are advised to have up-to-date computer security, be wary of look-alike, "mirror" sites and suspicious emails, and protect their passwords