If one has an on-line bank account, how do you access your money/cash?
I would like to invest on-line, bank on-line, and pay taxes on-line; so how does one access their money if everything is done on-line? Thank you.
Mick247: Thanks for that insightful information, but how does one take cash out of an ‘account’ if banking on-line? Do you have to go somewhere?
Hello, when you set up online banking with a bank, you will be able to view all your accounts with them, and transfer money between various accounts. This will include your day-to-day accounts for example a current account.
If you would like to invest online, you can’t access the money directly, as it will usually be tied up in some sort of bond. When the term of the bond has elapsed, you can transfer the money into another account, for example a current account, which you can then access as normal (via credit/debit cards or cheques).
Hope this helps!
Michael
July 27th, 2009 at 11:44 pm
Hello, when you set up online banking with a bank, you will be able to view all your accounts with them, and transfer money between various accounts. This will include your day-to-day accounts for example a current account.
If you would like to invest online, you can’t access the money directly, as it will usually be tied up in some sort of bond. When the term of the bond has elapsed, you can transfer the money into another account, for example a current account, which you can then access as normal (via credit/debit cards or cheques).
Hope this helps!
Michael
References :
Using online banking.
July 28th, 2009 at 12:22 am
use your credit card and make your payments from your online account over the internet or get an atm card or use two paypal accounts to transfer money from the online bank to paypal and then from paypal to paypal and then from paypal to your loical bank
References :