Online bank

The Bank is a private company that provides financial services to its customers, through means of payment, financial intermediation and investments. The Bank's main gain derives from gains on services made available to customers, such as the interest rates charged on loans granted.



ONLINE BANK
Starting from the mid-70s, in order to facilitate the dispositive operations and dispose of the queues at the counters, special ATMs have been created, the ATM . These last years have seen a huge diffusion and, starting from simple operations, today they are able to allow numerous operations and reduce the costs of commissions. Another big step forward for the improvement of the service and the search for savings was the invention of the online bank.

This is essentially the result of the introduction of information technology and the telematic channel to eliminate staff costs and maintain branches. Today, thanks to the internet, there are more and more Banks operating exclusively online.

Online bank



Choosing an online bank offers the possibility of managing your online bank account in total freedom and without leaving home. The introduction of this new vision of banking management has also given significant results to the Banks, which have witnessed a considerable increase in their clients.

From traditional to online banking

The Bank today offers the possibility of carrying out various types of banking transactions and is distinguished by the method by which such transactions are carried out in:

Traditional bank , is the classic bank with branches throughout the country and operates exclusively through branch;
Hybrid band , in recent years there have been many Banks that have chosen to combine the traditional banking service with a value added service for their customers, Internet banking that offers the possibility of carrying out many operations by connecting to the Internet;
Banca online , it is a completely virtual bank that operates exclusively online. These Banks, thanks to the reduction of personnel costs, the maintenance of offices and branches, are able to offer very competitive services and higher interest rates;
ADVANTAGES OF AN ONLINE BANK ACCOUNT
Opening an account with an online bank has significant advantages, especially from an economic point of view . Thanks to the management of the operations through the electronic channel, the Bank has obtained the total reduction of the management costs of the offices and branches, as well as of part of the employees. In this way, it is possible for their account holders to take advantage of significantly higher interest rates compared to the average rates on the traditional banking market.

Managing the online current account, through the web channel, brings significant benefits to both the Bank and the customer. The latter has the possibility to access his account at any time of the day and from any place he / she is located, while the Bank, avoiding the costs of branch operators, is able to propose economic conditions significantly higher than a traditional bank.

HOW TO CHOOSE THE ONLINE BANK
Thanks to the Internet and to the numerous offers on the web, the customer is able to quickly find all the information necessary to choose the online bank to which to rely. By visiting the individual websites, each Bank provides all the operations to access the opening of an online bank account, close a current account, etc.



Before choosing an online bank, some points should be carefully assessed, the services offered by the various banks compared, and finally a ranking against the following requirements:

Accessibility to their savings. The degree of accessibility of one's own savings must be carefully assessed and, in case of need, the time and the operations necessary to withdraw them;
Annual interest . An online bank is able to offer significantly higher interest rates than traditional banks;
Possibility to create a network of online current accounts . Some Banks give the possibility, with maximum flexibility of action and minimum expense, to make transfers and transfers between different online current accounts in the name of the customer;
Granted operations . Banks that offer the possibility of additional transactions, such as purchases on the internet, payment of bills or the request for a loan, are preferred;
Support in case of need. The degree of availability of the online bank in case of need must be assessed very carefully and how long the information necessary to solve the problem can be found;
Security . Carefully evaluate the degree of security put in place by the Bank to counter any customer fraud;
Carefully assessed the various aspects and the specific offer of each online bank, it is possible to make an informed choice also, and above all, according to personal needs and priorities.

HOW TO ACCESS THE ONLINE BANK
This is a fairly simple operation, which can be completed by simple steps with the home computer. Once you have chosen the online bank that is right for us, just connect to the Bank's website and proceed with the registration phase.

During registration , almost all online banks require the inclusion of personal data, number of holders of the current account and consent to the processing of data, as well as the adherence to the contractual rules of the Bank. Once you have read the contract carefully , you can sign it and send the data.

Usually, within a few hours, you will receive your personal username and password from the Bank to access internet banking . Within a few days, you receive the instructions necessary for completing the operation by post, a PIN and a copy of the signed contract.

In order to comply with the anti-money laundering law , the Bank must provide for a final phase, namely that of recognition. This operation usually consists in making a simple transfer from a current account in the name of the user to the new online bank account.

SECURITY OF AN ONLINE BANK ACCOUNT
Customers who work with an online bank can safely perform all online transactions, certain that the Bank itself carefully monitors the privacy and security of movements. It can be said that the Bank is interested as the customer in identifying increasingly effective technologies to improve online banking connections and operations.

In this case, the level of security offered by the Bank is a fundamental requirement and an important index to evaluate the value of the Bank itself. Today there are more and more Institutes that use the most technological cryptographic systems , able to protect sensitive data from possible frauds.