Three Common Types of Electronic Banking Services in Oahu

by | Apr 11, 2015 | Financial Services

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Countless credit unions now offer the option to bank online. Instead of going into the bank to withdraw cash, people are heading to ATM’s to retrieve their money. Rather than receiving paper statements in the mail, customers can simply check their account balances online. Electronic Banking Services in Oahu are becoming the new norm. Here are the most common services offered electronically.

Mobile Banking App

Nowadays, customers don’t even need to get on their computers to check their balances online. Credit unions are now offering mobile banking apps where their customers can check their accounts with the push of a few buttons on their phones. By downloading the credit union’s app, anyone with a phone can check their accounts, transfer their funds, and pay bills online.

Funds Transfer

A funds transfer is another commonly used service. This does not refer to transferring money from the credit union to another location. Rather, it is a way for a customer to move money from one account within their credit union to another. If someone has a checking account and a savings, for example, they can move the money freely between them by going online and choosing the funds transfer option. By selecting the account and typing in the amount of money to be transferred, the activity will be completed in a matter of a few seconds.

Online Bill Payment

In the past, people either mailed in their checks to bill collectors, or went in person to deliver the money that was owed. Now, anyone can pay their bills online. By using the banking website, customers can opt to pay their bills directly through their bank by setting up an automatic bill payment. Each month, the money will be directly removed from the account to pay the bill in question.

Electronic Banking Services in Oahu have quickly become the new normal for countless people. It saves people time to be able to quickly access their funds and manage their money electronically, rather than having to head into a credit union to do so. Anyone currently searching for a credit union that offers these electronic services can visit website to set up an account. You can also visit them on Twitter for more information.

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