Online Banking and How to Log Into Your Bank Account the Very First Time

If you use online banking, then you know the utmost convenience it offers in making online transactions. Nowadays, visiting the banks personally, doing that paperwork in an old-fashioned way and sweating out in the long queues have become a thing of the past. Online banking has made it possible to make every transaction at the click of a button. It has changed the whole story of our lives as earlier people have to take leave from office just to make a single transaction.

Online login is simple to use and you can access the bank services in the same way as you access them at the bank, but in the convenience of your home. So, if it is scorching summer outside and you need to do some shopping, just rely on net banking which acts as a savior at times. So, no more hassles down the road, no more struggles with the traffic and no more leaves from the work, just access your online banking account to get started.

What other purposes online login can fulfill?

Online login has tremendously aided the banking industry to go paperless and is an eco-friendly option. It has extended its benefits to the common people as well. Now, you don’t need to keep paper records of the banking documents in a separate folder. You don’t have to mess with remembering which document you have put in the folder. With net banking, you can save your important documents virtually. Probably, this is the reason it has been opted for by many customers.

Since keeping records of important documents is tedious and time consuming, all these banking documents can be recorded online that you can access anytime. Your transaction history, financial statements and other necessary documents are securely saved in your online account in an organized manner. You can print them at your will. The net banking also helps in a hassle free interaction with the banks. You can send emails, receive bank statements instead of going for sending fax or courier and it’s almost free.

General steps to get an online banking login

To get started with an online banking account, you will need to be ready with the following things:

Your preferred email address
Your sort code
Your bank account number
Your debit card

Step 1:

You can begin with the process by typing the URL of your bank in your browser. There you will come across an option to login. When you hover your mouse to the login option, a drop-down menu will appear that will be asking you about what type of account holder you are.

A Personal Account Holder
A Business Account Holder
A Credit Card Holder

Once you select the nature of your account, click to proceed further.

Step 2:

After landing on the next page, you will be asked if you are a new customer. Select the option and enter the following details correctly when asked:

Your personal details such as full name and date of birth
Your account number and sort code
Your complete debit card number and CVV number
Agree to the terms and conditions and you finally made it

You can now access the various services listed on your account. Happy banking!


The whole process to get an online banking login is pretty easy if you stick to the steps mentioned here. Some banks also provide a video walk-through of the process to help out new customers. Your remaining queries can be easily sorted out from there. Stay powered with online banking!

Reasons To Use An Online Bank

Online banks are not recent evolutions in the financial world, with humble beginnings starting in the early days of the internet around 1995. Today, using an online bank is universal and widely popular.

We’re speaking of internet banking, with all the product and service found in traditional banks, but with much of the overhead removed. Internet-only banking is the marriage of cloud computing with high-tech efficiency. It delivers a transparent super-charged system of personal money management.

A word to the wise, here, it’s not the same as using your traditional banks e-commerce or mobile services. The online bank experience has advantages not matched by the traditional banks with their widespread physical presence and higher operating costs.

Savings Accounts

Savings account balance requirements are rather friendly with online banks. On average you only need a balance of $350 or higher with online banks before service fees kick in.

Traditional banks average $4,500 minimum balance to get out of fee charges. My personal bank requirement is $3,500. A $12 per month fee applies if the balance drops below $3,500, even if for one day.

Beyond lower fees, interest rates paid by online banks are higher. The four largest brick and mortar banks in the U.S., all with worldwide presence, pay 0.01% annually compared to 0.95 – 1.00% with their online siblings.

Framing this in real dollars, $10,000 in a savings account at 0.01 percent interest will earn a whopping $1 after a year. However, $10,000 at 0.95 percent will yield $95 in interest. That’s $94 extra dollars before the power of compound interest growth kicks in.

Checking Accounts

You can open most checking accounts with $0.00 – $50 at internet-only banks, and account fees are generally lower than store-front banking. Often, standard checks are at no cost, plus free re-orders are common.

Other bank assessments like overdraft fees, transfer charges, and special service costs are lower, too. There are some online banks that charge nothing for overdraft transfers, ACH transfers and cashier’s checks.


No doubt ATM service is a must in banking and lets traditional banks run with a smaller footprint. While online services can’t top the corner bank for branded ATM locations, they do offer a functional alternative.

Allpoint ATM network is predominantly used for automated teller services by online banks. Allpoint ATM has 55,000 free for use ATM’s in North America in retail locations like CVS Pharmacy, Target, Costco, and others. Some internet banks will reimburse for fee’s charged at non-network ATMs as a way to offset site limitations.


While this is a bit tricky for some people, depositing money into an online account really isn’t difficult. As with local banks, you can easily deposit checks or cash into a network ATM.

Using a mobile banking app, deposits are possible from anywhere and at anytime, as long as a wireless network is available. Mobile deposits are as simple as snapping a picture of a check. The bank app records the deposit directly into your account.

Moving funds between accounts and transferring funds outside the bank system are just as convenient. Direct deposit of paychecks is straightforward with the app, too. It’s no surprise that brick and mortar banks have moved into the mobile app arena.


Security always seems to come up when internet and cloud computing is the topic. I won’t say much about this other than data theft is a problem, but no more so whether with an online bank, private company, physician’s office, or any business that stores data electronically.

This is scary to a lot of people, but I can tell you that banks with physical buildings don’t offer any more comfort. Their data storage is cloud centered and transactions are electronic data transmissions.

Financial institutions ranging from Federal facilities, to Wall Street institutions, to local banks house our personal information in big data centers. In fact, data center companies are a huge business sector in America. While cyber security is a serious issue, it is not any greater issue with an online bank than the bank down the street.


The comforts found in a traditional bank are still important to a lot of people. Face to face contact is still a need at times, and traditional banks beat in areas such as loan officer availability, brokerage services, real estate & mortgage specialists, and other professionals.

But, it also comes down to the fact that brick-and-mortar branch banking carries a lot of costs, with the greatest being physical buildings and staff. This overhead passes straight to customers through fees, charges, and low-interest rates.

Online banks are cheaper to run because they don’t have buildings to keep up nor large staffing needs. You can do everything done in traditional banking, but with efficiency, lower cost, and higher earnings return using an online bank. With the online bank, it’s all about low fees and higher interest rates.

For many people, online banking is not the best option. For others, however, mobile app’s, cloud technology, and mobile communication are second nature in their lives already. The online bank could simply be an extension into their current virtual world.

I have been an active investor for over 35 years. My investments have always been self directed. I favor value stocks with dividend growth and income potential. My tendency is to hold long positions in equities qualifying as Dividend Aristocrats.

The Seeds To Harvest personal blog came out of a lifelong interest in personal finance. This interest has led to teaching community classes to a variety of groups. Retirement activities include travel and volunteer site coordinator with the VITA Tax Program.

How to Choose an Online Bank

Years ago, finding a legitimate online bank was just about Mission Impossible. Today there are banks that are online only. In addition, some of traditional major banks offer online banking.

In any case, there a lot of options now and a lot of things to figure out before you can choose your bank. For that reason, this article will provide some guidelines on things to watch for when making your choice.

Requirement One – FDIC Insured

There is no reason to play Russian roulette with your money. The only banks you should even consider are banks insured by the U.S. FDIC. It is quite easy to confirm a bank is FDIC insured without even asking the bank. Use the FDIC’s own online application to confirm your bank is covered.

Since only U.S. banks can be insured by FDIC a lot of the guesswork in picking an online bank has just been taken care of for you. You will not be able to take advantage of that 20% interest Nigerian savings account but your money will be safely insured by the FDIC. By the way, the IRS is much happier when your bank is a U.S. bank.

Requirement Two – Competitive Interest Rate

You are looking for an online bank, not shopping for a food processor or any other gift a bank offers for signing up. The only bottom line you should care about is your own. Do some competitive shopping and give serious weight to online bank offerings with the best interest rate.

Requirement Three – No Fees and No Minimums

Why should you pay any type of banking fees? There are FDIC insured banks that provide stellar online account service with no fees. For same reason, there is no reason to be forced to keep a minimum amount on deposit or always in the account.

Requirement Four – 24/7 Customer Support

You may never use the local branch of your online bank but that doesn’t mean you won’t have problems that require a real persons help. You want a bank with 24/7 support because problems never seem to arise during normal business hours. It will be easier to get help or voice a complaint if you know someone is always available.

Requirement Five – Solvency, Performance and Service

There are online services that check the solvency of any bank and rank for high yield performance. If you have access to an online bank that clears both of those hurdles that is great. It also helps if the online bank you choose has collaboration set up with the most popular personal or small business financial software programs.