Online Banking
Banks have been operating for hundreds of years. In the recent years the development of technology has allowed people to use internet to manage their own bank accounts. This is called online banking, and it has been around since the 1980s, however only in the recent decade it had seen a significant growth in online transactions.
Originally online banking was made for business people to make business transactions faster, easier and more efficient. However over time other people and mostly younger generations have started to use online banking as well because it's much more convenient and can be done from home.
"Online Banking forecasts indicate Generation Y will drive this aspect of technology as it goes forward. This group will become 40% of all households using online banking by 2014. Until recently, online banking saw annual spurts of 25-27%, which slowed to 8% and it would slow further, according to the forecasters. From 2009 until 2014, growth should be approximately 4% per year as 66 million households enter the fold."
- taken from http://www.wwwmetrics.com/banking.htm
HSBC
Registering with HSBC online banking is very easy. All you need is a current account with HSBC. You then need to go on their website and go through an easy, four step process. When you're done, you can start to enjoy all the benefits that HSBC offers. The access to your account is quick and secure which is one of the main reasons why people choose to open an online account. As well as security, HSBC offers a lot more perks like Interest free overdraft, No extra fees and lots more. On top of that they will also help you switch to HSBC if you already have an account with another bank. Their website is also friendly and easy to use. This is good especially for older people who don't have as much knowledge about computers as the younger generation has.
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| current accounts - hsbc.co.uk |
Online banking at Lloyds doesn't stand out too much. They were actually one of the last banks to introduce this option and to be honest it's not as good. Their security system is safe but time-taking and not as secure as Barclays or HSBC. It also receives a lot of negative reviews from their customers, “DO NOT BANK WITH LLOYDS TSB”, “Appauling”. On the upsite, once you've managed to make an account, it's actually quite easy to use and operate.
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| online banking - Lloydstsb.com |
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