Most folks are of the opinion that the invention of online banking is as useful and valuable as that of sliced bread. And, they’re right – online banking has made life very easy for everyone right from the average Joe to the small business owner right up to the conglomerate. Citibank online is a superb online banking service that allows account holders to get complete control of all their finances with a few mouse clicks and keystrokes.
With Citibank online banking, account holders don’t have to wait in lines or plan trips to the bank or request for their balance on the phone. Every such convenience, and more, is brought right at their fingertips.
Benefits of Citibank online banking
1. It allows account holders greater control over their funds. For example, account holders can monitor their account, apply for citibank online card, apply for a loan, repay installments, make an investment, and more. They also learn how much interest they are receiving and paying and can therefore fine-tune their monthly home budgets.
2. Citibank online account holders can specify dates on which they have to make recurring payments like mortgage installments and utility bills and then sit back, relax, and just ensure that their account has sufficient funds to meet such obligations. They don’t have to write checks every time a payment becomes due.
3. Business owners can transfer and receive funds online and transactions happen in minutes. There’s no more sending or receiving checks, and then depositing and waiting for them to clear. Every account holder also receives emails and SMSes when funds are transferred or debited to his or from his account or when his Citibank online cardsare used (so long he has set up the alerts). Citibank online accounts are truly very high liquidity accounts.
4. The bank also allows account holders to monitor their stock market and mutual fund holdings.
5. Account holders can order checks, though they may not need these because they can bank online at home or while at work or while on the move by using their mobile/tablet.
6. Business owners can make payments to suppliers and set up monthly payments like salaries and contributions to employee benefits accounts.
7. All account holders can download their account statements and reconcile them with the transactions in their books.
8. All accounts are protected against fraud and Citibank servers are secured by many layers of impregnable security.
9. Citibank Online offers robust customer support and working its online account is faster, efficient and better than physical banking.
Before starting operations with Citibank Online, customers must figure out how their costs will change. Then, they must talk to their suppliers and set up the electronic payments. All users must fortify their computers with robust anti-malware tools that must be updated regularly. Users can start operating their Citibank Online account once these basic systems are in place.