If you’re thinking about setting up an online banking account, you may have already done so. Or you may be deciding whether to do so. Either way, it’s a good idea to familiarize yourself with the basics of online banking before you jump into it.
Here are some essential steps to help you set up your online bank account.
Sign Up For Online Banking
First, you’ll need to sign up for online banking. You can do this by visiting your bank’s website and clicking on the “Create Online Account” link. This should take you to a screen where you can start the process of creating your new online banking account.
Add Debit Cards to Your Account
Once your online banking account is set up, you can add your debit card to the account. You can do this by logging into your online banking account and clicking on the “Add a Card” link. This will take you to a page where you can enter all the information that you need to add your card. There is a form where you can enter the information for your debit card, including:
- The name and expiration date of the card
- The card number
- The security code (if any)
- The name on the card (if different from the name on your bank account)
You can also add a checking account at the same time. If you have a checking account at your bank, you should already have this information entered into your online banking account.
Get Into the Online Bill Pay Game
Once you’ve added your debit card to your online banking account, you can pay bills online. And, if you have a checking account at your bank, you can pay your bills online using your bank’s bill pay service. If you don’t have a checking account, you’ll need to forward your payments to a different bank account for payment.
Online Banking Security: What You Can Do About It
You should also take a moment to familiarize yourself with how secure your online banking account is. No one wants to find out that they’ve been hacked, so make sure that you do everything in your power to secure your online banking account. There are several ways that you can do this:
- You can set up a password for your online banking account. You can select a unique password that only you know. This is often called “two-factor authentication,” and it requires that you provide two types of information when logging in to access your account:
- A password that only you know
- An answer to a security question (like “What’s your mother’s maiden name?”)
You can also set up a security question and answer for logging in to other services, like Facebook, for example.
To set up two-factor authentication, go to your online banking account and click on the “Security” link. Then click on “Security Settings” in the drop-down menu that appears on the screen. Click on the “Two-Factor Authentication” link from the screen that appears. You’ll be asked to provide some information about yourself, like your name and birth date. Then click on “Setup Two-Factor Authentication.” You’ll be asked for a password and answer a security question. If everything goes as planned, you will now be prompted to enter a six-digit code that is sent to you via text messages or email when you sign in to your online banking account.
You can also set up two-factor authentication for other services, like Facebook and Google, by following the same steps. You’ll be prompted to enter some information about yourself when setting this up.
- You can run antivirus software on your computer and/or mobile device. This will help protect your computer and mobile device against viruses and malware. If you have an Android device (such as an Android phone or tablet), make sure to download the Google Play Store application and install antivirus software on it as well. There are several antivirus programs available for Android devices, including Avast Mobile Security.
- You can keep an eye on what’s going on in your online banking account by using an online banking security tool such as Watchdog or Mozy Security Center. These tools will allow you to monitor what’s happening in your online banking account, as well as what’s happening in other online accounts that are linked to your online banking account, such as an email address or social media accounts.
Create and Manage Direct Deposit Accounts
Once you’ve added your debit card to your online banking account and paid bills using it, it’s time to create direct deposit accounts. When you are cashing checks or using any form of direct deposit, money is automatically transferred from one paycheck or another into your bank account. It’s easy to create direct deposit accounts if you have an employer who takes payments electronically, or if you work for yourself and receive payments electronically. Direct deposit is also popular among individuals who want to earn interest on their money. Here are the steps for creating direct deposit accounts:
- Log into your online banking account and click on the “Direct Deposit” link from the screen that appears when you log in to your account. This will take you to a screen where you can enter the information that is necessary to add direct deposit accounts to your bank account (such as:
- The name and address of the company that pays you money electronically or that has sent you a check
- The company name of the bank or savings institution where you want the direct deposit money deposited
If you’re working for yourself, or if someone else has created direct deposit accounts for you at their bank or savings institution, make sure that they have provided all the information that they need in order for direct deposit to go through correctly. If they haven’t provided all the information necessary, contact them to get it all straightened out before creating direct deposit accounts for yourself at your bank or savings institution.
There are many things that someone needs to consider before setting up an online bank account. But these steps should help make it easier for anyone who wants an easy way of getting their finances in order electronically.