how do you pay into an online bank account?
October 2, 2008 - thinking of opening an online bank account but dont know how to pay into it/take money out of it. cant find anything on the bank website, or google.
does anyone have any information on online bank accounts?
- what I do is link paypal with my bank and atm card.....make sure you have very good security software and good encrption at your bank. and be very careful of phishing emails that pretend to be your bank but are not.
Visit ING Direct...they have great rates and they link to your current checking or savings account...you can have regular, scheduled withdrawals or just put money in when you want...great way to save money for an emergency fund because it keep you above inflation and it is accessible(as opposed to stocks or CDs)... if you don't have a savings or checking you could always find one at you local bricks and mortar bank that has no fees...
- I bank online but i still have to put money in the normal way.....visit the bank. Take money out via hole in the wall. Its more about organising your money and moving it from current account to savings account or vice versa when needed for me.
If you're talking in terms of "physical" (REAL!) cash, then of course it's either a visit to the bank or registered post. All other transactions are called "paper" and these are the ones you do on-line - like all your standing orders, direct debits and paying credit card bills. To draw cash out easily you will need a debit card for use at ATMs of course.
- you transfer the cash (in or out) from another account.
- Get your account details, pay into it cash or cheques writing on the pay slip the account details - number, sort code, etc.
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