When you do business with an online bank, you may be surprised at how similar it is to using your local branch bank. The only significant differences are that you need to find an online bank with high security standards, and you should take extra computer safety measures.
Searching For The Right Bank
Many online banks offer free checking accounts. You should look for a secure bank that is FDIC-insured, and the Web site should look legitimate. Improper formatting, bright colors and misspellings on the page are indications that you may be dealing with a foreign scam. However, you might get tricked if some scammers are good at designing Web pages. You can visit Bankrate (http://www.bankrate.com) to read customer reviews of different online banks.
In addition to finding a secure bank, you'll also want to look for a bank that offers the features you want. Many banks offer perks for signing up with them, like high-yield savings accounts. Compare the offers from different reputable banks to choose the right one for you.
Get Your Computer Secure
Before you open an account with an online bank, you should make sure that your computer is secure. You should be using a firewall and antivirus program. You should run a virus check on your machine before you start the sign up process. You should also download a free spyware program to remove spyware from your computer. This way, you can be sure that there are no programs on your hard drive that could be collecting your personal information.
Sign Up For Your Account
Gather your personal information together so that signing up for the bank account is easy. Typically, you'll need your name, address, e-mail address and social security number. You will want to be sure that it is a secure connection before you give out your social security number. Look for the words "SSL certificate" during the sign-up process so you can be sure the connection is secure.
Use Your Account
Once you've been approved to open an account at the bank, you'll need to make a deposit. You can normally do this online, but, in some cases, you may need to send in a check or money order to get the ball rolling. You'll receive a debit card in the mail or checks if you've ordered them so that you can use the money in your new online bank account.
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