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Everyone of a certain age remembers going to the local bank before 3:00 p.m.
Today, it’s hard to come up with some scenarios that even require cash in the first place.
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The advent of ever-changing banking technology continues to make money easier for average people to manage. Today, only a handful of tasks require a direct trip to a branch or ATM. Most transactions can be processed in just minutes on the bank’s website or mobile app.
Here are the most common banking tasks that you can quickly perform online.
set up a new account
The first step in any banking transaction is to first set up an account. You don’t have to go to a branch or talk to someone on the phone to become a customer.
Every bank has its own process, but the steps are generally the same.
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Securely log on to your bank’s website via a private, password-protected Wi-Fi connection.
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We collect information such as social security numbers, driver’s license numbers, blank checks, current bank routing numbers, and account numbers. This information may be required for your first deposit.
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Select the type of account you want.
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Fill out and submit the application form.
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I agree to allow the bank to collect and disclose relevant information and agree to the terms.
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Once approved, request checks and debit cards, download your bank’s app, and enjoy online banking.
remittance funds
After setting up the original account, adding new accounts such as checking, savings, or financial markets is even faster and easier. Moving money between them is also quick and easy. It can be done in seconds using your laptop or phone.
Simply log in and select ‘Send Money’, ‘Send Money’, ‘Send Money’ or whatever language your bank uses. From there, simply select your ‘to’ and ‘from’ accounts and indicate whether it’s a one-time transfer or a recurring event (recurring transfers are a great way to automate your savings).
Either way, select a date for the transfer to complete and complete the process. In most cases, internal transfers are instant or near instant.
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Report a lost or stolen card
Realizing that you have lost your card triggers a panicked instinct to reach out to someone who can help. However, it’s often quicker, easier, and more direct to skip that person altogether and instead report a lost or stolen card through your bank’s website or mobile app.
No more wasting time searching for customer service numbers, being put on hold, being redirected, or being bombarded with security questions when you’re feeling really anxious. If you don’t want to waste your time on , get a direct link by doing something like google “report XYZ stolen card lost”.
According to the FTC, no matter how you report a lost credit, debit or ATM card, you must follow up in writing, but the most important thing in all cases is to act quickly. .
deposit check
At some point in the not-too-distant past, the ability to deposit checks at an ATM changed the game by saving you the hassle of standing in line inside a branch. But now, even that is a painfully outdated process that can be handled in seconds without leaving your couch.
All major bank apps allow you to deposit checks in the following ways:
Even the most tech-savvy smartphone owner really has nothing. If you can take a picture, you can turn paper checks into account funds without leaving your home.
Remittance and billing
Wire transfers (moving money electronically between your bank account and someone else’s bank account) require both an account number and a routing number set and can take several days to execute . However, services like Zelle cut transfer times down to just a few minutes, and all you need is the sender and recipient’s email address or phone number.
Zelle is embedded in over 1,700 financial institution websites and apps. This allows you to send money to trusted friends and family without having to download third-party apps like Venmo. Not only is it free, P2P payment services are already built into wherever you bank.
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This article originally appeared on GOBankingRates.com: 5 Fast Online Banking Transactions
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