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Money Matters:Online Banking

2007-08-21

Name: Editor Are you someone who prefers to view account details and carry out transactions online? Do you enjoy the experience or are you hesitant because of safety issues? Have you had any bad experiences with online banking?

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2007-08-23

Name: Armaan
Subject:

Not yet ready

Personally, I don' t think Indian banks have such stringint measures in place as yet to safeguard one' s account. Checking acciunt details shoulf be ok but I would wait for a while before I carry out any transcation online.

2007-08-23

Name: Deb
Subject:

Yes

Couldn´ t agree more with you Deb.

2007-08-22

Name: Jagdeep K.
Subject:

The benefits of online banking

Hi, guys. I am one of those people who are so into online banking!It has become so easy especially when you have more than one account with the same bank. Like if you have a credit card and you want to pay the bill from your savings account in the same bank.

2007-08-24

Name: Wasim
Subject:

Nothing is safe

I think theres risk everywhere. You should just evaluate it. Some people I know have a separate account which they keep minimum balance and use only for internet transactions. I think that is a good practice.

2007-08-22

Name: Revati
Subject:

Is it completely safe?

This is not about the advatages of online banking - and no doubt it is comvenient!! But this is nascent technology yet. Besides, checks to control crime and fraud related to online banking are also still in the process of being developed. In such a situation, I feel it is better not to take a risk with one´ s hard earned money.

2007-08-22

Name: Koushik
Subject:

Thanks

Never thought of that Jagdeep thanks!

2007-08-22

Name: Jagdeep K.
Subject:

Avoid cybercafes

To be on the safe side I recommend avoid accessing your bank account from a cyber cafe. You never know how risky it is. Especially a small time cyber cafe someone might be having a key logger running unknowing to you, and it will record all your keystrokes your account number and password included.

2007-08-22

Name: Koushik
Subject:

How safe?

How safe is accessing such an account? Especially if a number of people have access to the same comp? What happens if I access my account at a cyber cafe for example?

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