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Community weekly poll: Do you do online financial transactions? Why or why not?
- 6/6/07 2:41 PM
online shopping
by timmy 22 - 6/7/07 5:53 AM In reply to: Do you do online financial transactions? Why or why not? by Lee Koo (ADMIN)
yes i do shopping online at tesco as long as it is a secure sight. but i am very perticular about leaving details i dont use online banking as i prefer to go in personly.
Use cautiously
by tdrsfram - 6/7/07 6:07 AM In reply to: Do you do online financial transactions? Why or why not? by Lee Koo (ADMIN)
I started doing online bill pay from my bank last year..very convenient but I'm still very cautious when it comes to online bill pay/and purchasing. I only use one credit card for all my online purchases - I don't use my real credit card number but a randomly generated number from a secure program provided by my credit card company, or I use paypal. I only purchase and do online banking from one computer - I make sure that it has the up-to-date anti-virus, spyware, and firewall programs and all OS security patches are up to date and I check my bank and credit card accounts at least twice a week to make sure there are no suspect purchases or withdrawals.
Certain Things only
by usernamealreadyinuse - 6/7/07 6:28 AM In reply to: Do you do online financial transactions? Why or why not? by Lee Koo (ADMIN)
I pay only certain bills online due to the fact that they are a great distance from me and when I get my monthly SS check it usually pushes the due date too tight to mail and get there on time.
Afraid of managing finances online?
by SpamFighter - 6/7/07 6:35 AM In reply to: Do you do online financial transactions? Why or why not? by Lee Koo (ADMIN)
Wake up! Your financial information is already online. You may as well create an online account so you can keep an eye on it. Crooks have had ways to get your credit card info, ssn, birthdate, etc. long before it was online. Online banking gives you the opportunity to see what's coming out of your account as many times through the month as you like - even several times per day. You don't have to wait a month for your statement or until you get an overdraft notice to see if there are any suspicious or erroneous transactions. Plus you can keep tabs on exactly when transactions clear and checks are cashed. As for online payments, it's much faster, much simpler, you get a tracking number, & no worries that it gets lost in the mail.
Not me
by nosnobunny - 6/7/07 7:38 AM In reply to: Do you do online financial transactions? Why or why not? by Lee Koo (ADMIN)
Absolutely not! No matter what the banks tell you, they have no way to make their systems 100% secure. I personally know of companies who have the ability to get your bank balance with very little information from you. I'm not going there.
Online financial transactions
by Wharf_Rat - 6/7/07 8:37 AM In reply to: Do you do online financial transactions? Why or why not? by Lee Koo (ADMIN)
I try to perform on-line transactions when possible. I prefer online operations. However, I am cautious as to what type of site I use.
Almost all of my banking is online. I often purchase items online using both a CC and PayPal. I try to keep all my on-line purchases to just one credit card and I watch the statements/transactions like a hawk for any suspicious activity.
As for phone banking --- I don't have any experience in that area. I worry about transmitting information across my cell phone as well as someone watching over my shoulder (low tech approach to stealing).
Online transactions
by Giapatterson - 5/11/09 4:33 AM In reply to: Online financial transactions by Wharf_RatI have been making transactions online for quit sometime now.
Initially like anybody else, i too was hesitant of paying it over the internet for which security issue was the primary concern. But now I'm more comfortable making my payments online as it saves time and is also convenient.
Few months ago i installed a toolbar called Billeo which helps for online bill payments. It has impressed me with features such as password manager, auto fill forms and gives me payment reminders and also tracks my expenses. I feel it is safe as it saves my credit card and password information on my computer. Moreover it is Verisign and Truste certified. Check it out, really a nice one. http://www.billeo.com
Everything on line.
by ecurtis - 6/7/07 8:38 AM In reply to: Do you do online financial transactions? Why or why not? by Lee Koo (ADMIN)
I have been paying 99.9% of all bills and numerous personal transactions with on line banking for four years. The only things I write checks for are birthdays and Christmas for the children and grand children. Before starting this though, I made sure I had a written guarantee from my bank that if any money was removed from my account fraudulently, they would reimburse within 24 hours; most banks now do this. I don't want too many people having access to my "stuff" and I like having exact control over my money so I don't use auto pay features too much. I just get on line and pay bills as they arrive. I know this may sound a little strange to some of you, but I only use one credit card, and since it is a rebate card, I get on line every night and payoff whatever I have charged. That way I get the rebate and don't have a balance - almost like paying cash. I usually receive a check in the vicinity of $600 per year; about $50 per month for 30 seconds a day to pay this while I am on-line anyway equals virtually free money! Some may call this cheap; I call it thrifty!
Even check depositing IS possible on-line!
by SAtivoFan - 6/7/07 9:10 AM In reply to: Do you do online financial transactions? Why or why not? by Lee Koo (ADMIN)
I don't even have to make a trip to the bank to deposit checks. My bank has "Deposit @ Home" and this feature uses Java and my scanner to scan the check - front & back. The money is immediately available to me and I can then destroy the check. Too cool!
only use pay pal
by thekeep - 6/7/07 9:33 AM In reply to: Do you do online financial transactions? Why or why not? by Lee Koo (ADMIN)
i only purchase on the internet and when i do so i use pay pal only. I dont pay any bills using my charge cards
Reply to Lee Koo
by lem777mel - 6/7/07 9:46 AM In reply to: Do you do online financial transactions? Why or why not? by Lee Koo (ADMIN)
I have been using online banking for a number of years. Basically, it has been safe; however, I did have 2 unauthorized debits from sources I did not know. The first time it was a $1000.00 purchase and the bank called me to verify it. I said this was a fraudulent purchase and immediately the bank stopped the transaction. It seemed with all the protection I had, still there can be vulnerabilities. If it were not for online banking, I probably would not have been notified and would have left me with an extensive overdrawn account. I know the bank would eventually make good on this but the time involved would have been considerable. There was one other time but the amount of withdrawal was of a small amount. The best part of all this is that the bank took prompt action. There are no sure things in life as their are pros and cons to most anything. Will I still do banking online? YES.
Some, but not all online. I doubt I would use my cell.
by back_water_tech - 6/7/07 10:11 AM In reply to: Do you do online financial transactions? Why or why not? by Lee Koo (ADMIN)
I do some banking and bill paying online. I have been doing my banking for years. (since they offered it in 1998)
I take care of several of my bills online as well. But not all.
If an online system won't take a credit card (or debit card) I mail them a check. I will not use my bank routing and account information online. If someone scams your debit card, you have recourse that you can do to get that money back, If they steal your checking account info and steal from you that way, you will probably never see that money again. and you have to spend more for the lawyers to fix the mess.
I have had this happen once before and I eventually got re-imbursed, but at a cost much greater than the charge. Lawyer fees and being forced to close the account and open a new one were just part of the damage. 
Internet and Mobile Financial Duties:
by Jstaman466 - 6/7/07 11:30 AM In reply to: Some, but not all online. I doubt I would use my cell. by back_water_techThe answer is no not on computer and would not pay on a mobile phone. To be honest with every one Trust I don't know who's tapped on my line. When I pay a bill I want to be looking at who I'm giving my money to. No I would not pay that way. Internet or Mobile phone no I would not do it.
Everything except my cars and my homes
by SkywayTraveler - 6/7/07 11:34 AM In reply to: Do you do online financial transactions? Why or why not? by Lee Koo (ADMIN)
I have been using online banking ever since they first started. I think that's been over 25 years now. They first started with basic banking transcations such as transfers between customer and merchant accounts then they went to online check printing then full EFT. The problems I ever had were always minor and were always "user" related.
The only hard transactions that I wouldn't do are auto and home transactions, because I think that the title and deed paperwork is just too complex for it to be done properly online. You really have to watch with the auto title re-issues due to flood damage, and you really have to watch for deed restrictions and previous liens. It's better to have a paper trail if you have a legal snafu.
Don't forget the bank are doing EFT's 24/7. They couldn't survive otherwise! But they're insured.
some online financial transactions
by prosen - 6/7/07 11:38 AM In reply to: Do you do online financial transactions? Why or why not? by Lee Koo (ADMIN)
The real choices seem to be: all, some or none. choices: certain things only and yes, but cautiously are actually: some transactions. I think a lot of us are still "testing" the waters.
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