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Oscar Dominguez: Online banking is simple and efficient

Posted: July 17, 2009 9:52 p.m.
Updated: July 18, 2009 4:55 a.m.
During these challenging economic times, online banking can provide Santa Clarita Valley residents an efficient and simple way to monitor and manage your finances seven days a week.

In addition to the convenience of monitoring your account information with the click of a mouse, online banking can provide benefits including:

n Expedience. Banking online provides updated account information on demand. Whether you would like to review your current account balance, a specific transaction or verify that a certain check has been credited to your account, online banking offers quick and convenient tracking.

n Fund transfers. Online banking enables the transfer of funds between internal accounts and from or to external bank accounts.

n Convenient bill payments. Paying bills online is convenient and easy. You can set up payees and pay them today, on a future date or establish automatic payments for recurring bills such as your mortgage or car payments.

n Software integration. Many financial institutions provide online banking capabilities that integrate with your personal financial software. This will enable you to manage your finances with the advanced features offered by your software program.

n Banking alerts. Online banking alerts are a convenient way to receive specific account information via e-mail, text or phone message. The alerts help keep you informed and in control of your money and notify you when important events have taken place with your accounts. They can include notifications about being overdrawn, having an account balance less than an amount you specify and showing your current account balance.

n Reduced paper waste. Banking online saves on the use and storage of paper and eliminates the need to mail your bills.

If you have questions about banking online, don't hesitate to call your financial institution and to visit the institution's Web site for additional details.

Oscar Dominguez is vice president and branch manager of the Stevenson Ranch branch of Union Bank and the Valencia Bank & Trust branch. His column reflects his own views and not necessarily those of The Signal.


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