Are you making use of your online banking facilities?
As more and more of us look towards the Internet for our everyday needs it appears there are still many people who are reluctant to use the Internet for their financial affairs. While we periodically hear about various scandals and frauds on the Internet, it is easy to forget that these types of criminal activity have been commonplace off-line for many many years. However, it appears that the Internet attracts more criticism than off-line fraud when in many cases there is very little difference and if anything online fraud is less common.
Online banking is something which many people should be looking towards to save time, money and the cost of going to your local bank (which could be miles away after recent bank branch closures). There are also many attractive offers available in the online financial industry because as costs are lower for online operations very often you will be able to agree better terms. The days of mass fraud on the Internet may not be exactly dead and buried but it is very uncommon to hear about substantial fraud in the financial industry and even if the worst happened your bank would be obliged to replace any missing funds.
Share this..
Related stories
Peter Mandelson looking to protect Vauxhall jobs
Lord Mandelson is today in Germany to meet executives of Magna, the company which took over a number of General Motors European operations. He is specifically looking for a number of guarantees regarding Vauxhall and the thousands of jobs connected to the operation in the UK. However, while initial signs were good, in that the company had verbally agreed to guarantee jobs in the short term, there...
Read MoreWest Bromwich building society admits changes are imminent
Even though the rumour mill has been going at full speed over the last few weeks, up until today the West Bromwich building society had refused to confirm reports that business was in trouble. However, the Sunday Times has revealed that rescue talks began some days ago and the society itself has already began "hawking" the business to competitors with a potential merger or takeover one option bein...
Read MoreBradford & Bingley reveals upsurge in mortgage arrears
Revealing a loss of £119.5 million for the first six months of the financial year, government owned Bradford & Bingley saw mortgage arrears more than double from 2.48% to 5.88%. These figures relate to mortgage agreements with at least three month in overdue payments and while the figure is disappointing to say the least it looks as though it could get worse before it gets better.
...
Energy cuts should have been faster and further
03/02/2015 The recent cuts that the “Big Six” energy companies made to customers bills could have been much bigger and have been made a lot earlier, according to consumer body Which?. Research carried out by Which? showed that energy companies have been keeping prices artificially high, and bills could have been cut "further and sooner" than the reductions announced in January. UK househ...
Read MoreWill the Chelsea building society fall to a rival?
As the ongoing fallout from the £41 million alleged mortgage fraud which was discovered by the company's auditors continues, there is a feeling that the Chelsea building society's days of independence could be numbered. A new management board has been parachuted in to assess the situation and while in public they are talking about a reorganisation of the business and a return to grassroots, many...
Read More