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Online Banking Options
With the invention of the Internet and e-commerce, more and more services are becoming available online. These services have extended to the world of banks and banking as well as other marketing services. Anything that could previously be done via the bank can now be done online. Often, this simply involves accessing the same bank as before but using an automated online service rather than waiting in line for a live teller to perform the exact same operation. In fact, since many banks charge customers various fees for using a live teller whereas the online service is often free, it even comes out cheaper as well as less time consuming.
Online Banking is no Riskier than Other Payment Methods
When customers use online banking options they are exposing themselves to a certain measure of risk. This risk is akin to making a purchase at a store using a credit card. It is theoretically possible for a store owner to overcharge without the customer becoming aware of this until much later. In a similar manner, it is theoretically possible for the use of online confidential information to be abused. In practice, much more potentially damaging information such as credit card details are processed along the same lines and the problems that arise are rare and generally very quickly dealt with. Thus, it seems that in today's modern world it seems that online banking is completely unavoidable.
Charged Credit Cards
A safeguard that some people make use of is the concept of a money card. The "card" can be used for online purchases and may even be accepted at certain stores. The card can be "charged" with varying sums of money. The advantage of the card is that it acts as a barrier between the customer's confidential banking information and the service suppliers. Thus, even should there arise some sort of problem, the most that stands to be lost is the current sum of cash "charged" in the card. One might view this as the equivalent of a phone card that can be used for shopping as well. Similar to the cards are various money transfer services which allow keeping an account. Examples of these include PayPal, Moneybookers and NETeller, Click2Pay, EcoCard and many more.
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