Online banking services provide a lot more than the ability to check your balance on the fly. Are you getting the most out of your virtual branch? Here are some of the ways online banking can work for you.
Pay bills. Tired of mailing all those bills (and running to the post office when you’re out of stamps)? Try Summit’s Bill Payer, free to members who use the service to pay at least one bill a month. For bills that require a set dollar amount for each month, you can even set up an automated payment. Plus, Bill Payer keeps a record of your payment history – handy at tax time or when you want to track spending.
Stay alert. For people with busy schedules, it’s not always possible to stay on top of account balances—so let your online banking service do it for you. Online banking allows you to set alerts so you receive an email notification when your balance is getting low or when a large amount is withdrawn from your account. It’s a great way to avoid unnecessary fees and to ensure your money is allocated where you want it.
Manage your money. Many online banking services provide tools that allow you to view a snapshot of your financial situation. For example, Summit’s Goal Tracker tool lets you categorize your transactions so you can see where you’re spending your money. It’s great for setting financial goals – after all, you can’t know where you’re going until you know where you’ve been.