Barbara Shaw: Hi! I am Barbara with Wells Fargo and Company. You've probably heard about online banking. If you don't currently use it, it is really easy to get started. In order to use online banking, the first step is to open an account with the bank that offers the service.
Next, simply go to your bank's website and click on the option to enroll an online banking. The website will walk you through the simple setup which requires you to provide your account number, identification information and ask you to establish security measures such as a username and password.
Once you've established your online account, you can start using online banking to accomplish basic banking tasks, such as checking your account balances, reviewing transactions, transferring funds and some banks even offer the option of viewing images of checks and deposits that have posted all at your convenience.
You can also add bill pay as part of your online banking enrollment process or if you prefer, you can easily add the service at a later time. Your bank's website will walk you through the steps of setting up bill pay, selecting the bills you want to pay and choosing the accounts you want to use to pay them.
If a monthly bill is for the same amount each month, you can schedule recurring payment. If the amount varies from month to month, you can pay the bill each month on a one time basis. You can also set up alerts to remind you when a payment is due. According to Javelin Research, 77 million American households banked online in the past 12 months.
Once you get started banking online, you will see why so many people are using it, to conveniently and safely manage their finances.