arvest online banking

Traditional banks have monitored the popularity and growth of the internet, and realising customers wanted greater control of their affairs, have created their own internet banking web sites. Customers now have the freedom to securely perform their banking 24 hours a day 7 days a week, where they can pay bills and set up recurring savings or payments, monitor check clearances and perform other tasks like transfers and balance enquiries through an internet connection. The banks also benefit from a lesser need for staff due to the migration to internet banking where customers serve themselves.
The purest form on online banking is the virtual bank, where the only place they exist is in cyberspace.

These banks, and all other internet banking continue to grow in popularity because they are convenient, saving customers time and money. To help the growth and assist customers to make the change, many traditional banks offer minimal fee or completely free transfers to help customers migrate to their online banking service. Others will also enable you to set up online banking by simply transferring your funds by check.

Internet banking has revolutionalized banking with immediate global access to your bank accounts using a secure internet connection. Paying bills, transferring funds and just plain monitoring your account are all possible with minimal stress whether you are ravelling, holidaying or working anywhere in the world.

While PC-based online banking is not much older than a high school student, mobile banking is still in elementary school. With the proliferation of smartphones, however, online banking’s younger sibling is quickly catching up to the slightly more established option.

Banking through your PC’s web browser offers a full menu of services. You can easily and conveniently schedule payments, transfer funds, add new payees, open new accounts, apply for loans, view current and past statements, and access information about specific checks that have been deposited. A PC or Mac allows you to view an extensive array of details and options, giving you full control of your accounts.

Internet banking is very popular internationally. In some parts of the world, traditional banking infrastructure is not consistently available, and so mobile banking is the primary banking option. With a few exceptions, mobile banking, typically conducted via mobile application, offers the same basic features as browser-based online banking. In particular, mobile banking emphasizes “transactional” features, such as bill payments, check deposits (where available, this feature allows a customer to take a picture of a check to be deposited), mobile person-to-person payments, and balancing checks.

Internet banking can also offer additional security by enabling text-backs, which employ a customer’s phone as a second form of authentication when using either browser-based or mobile banking.
If you use your smartphone to access your bank’s website directly, the website may recognize that you are using a mobile browser and automatically offer you a dedicated application. If not, search your preferred mobile market or app store to see what your bank offers. Either way, it’s a good idea to give mobile banking a try. It’s a time-saver that can often be more secure than traditional online banking.