An Introduction to Internet Banking in South Africa

What is Internet Banking? The technological advancements of the Internet have dramatically changed the face of banking across the globe. Banks have harnessed the power of the Internet to provide electronic banking services – enabling clients to use a personal computer to make transactions over the Internet. This allows clients to manage their finances safely and conveniently from the comfort of their own homes. Traffic of all information on sites that provide Internet banking services is encrypted, which makes it impossible for a third party to obtain or modify any information after it has been sent. Every time you access your Internet banking account, you will be required to enter your secret code and password – eliminating the risk of your sensitive information being compromised or fraudulent activity taking place on your account. Benefits of Internet Banking Services Internet banking services provide a safe environment with hardly any of the frustrations associated with visiting a physical bank, giving you the control to bank when it suits you best, no matter where in the country you may be. Internet banking means that there is no need to stress out about getting to a branch during working hours or standing in queues for ages, waiting to complete one simple bank transaction.

Internet banking in South Africa has greatly reduced paperwork, saving time and money. Instead of waiting for statements to arrive by post, you can access your transaction records at any time you wish. The ability to also print a copy of your bank statements can be used as proof of payment to a creditor. The ability to monitor your personal finance activities 24 hours a day also enables discrepancies to be picked up and dealt with swiftly. Internet banking services allow you to manage multiple accounts from one easy location and perform an array of banking activities from one convenient and secure portal.

Internet Banking Services

When you register for Internet banking, you will have access to a range of services and facilities: • Request statements - you will be able to access statements whenever you like, as well as choose the date range that you want to reflect back on. • Interaccount transfers – with a few simple clicks, you can transfer money between accounts, saving you the time and hassle of visiting your branch. • Pay bills – this Internet banking service has given you the freedom and convenience of paying electricity or water bills online. • Pay school fees – with Internet banking you are able to pay school or tuition fees with ease. • Apply for an overdraft facility ¬- this also saves the time and hassle of visiting your branch.

About the Author:

Internet banking is a convenient and beneficial banking solution that puts the power back into the hands of the consumer. Capitec Bank provides an array of Internet banking services, with highly competitive rates and easy account setup. http://www.capitecbank.co.za