Electronic Banking

Electronic Banking

The Electronic Banking Association (EBA) is a non-profit organization established to do one simple thing-help more people get started with electronic banking. Here's why. Who taught you how to write paper checks? Probably your parent's right? Well, who's going to teach you how to write electronic checks? Probably NOT your parents. That's where they come in. E-banking is so much more convenient and so much quicker that everyone should know about it.

The EBA was established as an independent source of helpful information about electronic banking for consumers and businesses. Financial institutions, merchants, and other financial service firms actually provide financial e-commerce services, but the Electronic Banking Association (EBA) monitors progress in the financial e-commerce industry and provides information that will enable users of those services to become better informed and to locate providers of the services they seek.

Everyone hates paying bills. It's time-consuming, frustrating, and you have to lick that awful envelope glue. But not with e-banking. You'll spend less time paying bills, and more time doing fun stuff.

Here are some advantages to e-banking:

- No more paper checks.

Your computer remembers who you write checks to. You simply enter an amount then point-and-click. You'll never run out of checks again.

- No more hassles.

You can schedule your payments in advance, so they'll get paid while you're on vacation or away on business. Electronic payments are processed quickly, in as little as 24 hours to 5 days (unlike a paper check sent in the mail, which takes an average of 10 days to post).

- No more envelopes to lick.

No envelope glue. No paper cuts on your tongue. And you can stop writing your return address again, and again, and again.

- No more writer's cramp.

It takes forever to write checks and addresses every month. E-banking cuts that time to practically nothing.

- No more stamps.

With e-banking, there's no postage and your bills are processed quickly - whenever you want them paid.

You can pay your bills online, so it only makes sense to receive them that way, too. This is called "Electronic Bill Presentment," and more and more businesses are going to offer it.

- No more lost bills.

Your dog can't eat electronic bills. Your kids can't misplace them. And you can't lose them under a stack of catalogs.

- Pay bills when you want to.

Not when the post office decides to deliver them. Click to see it.