What are the most rencent online banking products avaliable?
Answer:
On line Trading is one of the good product. This helps small investor by totally removing dependency on brokers and with d-mat and account linkage helps in faster clearance and more reliable trading.
Another is on line fund transfer. Earlier it used to take around 3 weeks to reach money to my parents (Go to bank, get draft, go to post office, send it, they receive it, go to bank, deposit, it get cleared, go to bank again, withdraw money whereas now it is instant transfer)
Next one is On line statement - You can monitor your account all the time whereas earlier you were dependent on statement of accounts.
Last but not least is overseas deposits which was rarely available earlier.
Chase includes CC handling.
My favorite thing is that I don't have to buy stamps anymore, and I haven't stood in line at the post office for 3 years now. I buy gifts from Walmart or Home Depot, online, and they send them for a fee, that I pay online. It is so cool. I don't do the insurance thing, I have $1000,00 overdraft protection, but I never use it cause it costs $9 bucks a time.
my favourite: online share trading
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