To manage one’s finances and transactions, banking plays a very vital role in our day to day life. With each passing day, one experiences a very busy lifestyle, and in order to accomplish different tasks, always looks for ways which are convenient and at the same time fulfils the daily requirements. The introduction of the web-technology acts as a catalyst towards completing such tasks. So even if you are in the office, home, or driving a car, you can easily deal with your finances or complete transactions without having to wait in a queue in the bank. Internet banking and online banking has paved the way towards making life simpler.
However there are certain rules that need to be analysed before you transact through online banking.

1. Your requirements for dealing with a bank may be completely different from your friends’. Therefore it is essential to identify the features you’ve mainly focused on before you choose your online bank.
2. Are you looking for an online bank which also has a physical branch? Well, most of the banks you may find online may not have a physical branch available. However, there are physical banks which provide their customers with their online counterpart to cater to its customers’ banking requirements.
3. Do you know that you may not be given an option to transact beyond a certain limit while doing internet banking?  But still there are other banks which offer you with unlimited transactions.
4. Unlike the account types you can choose from when you deal with a physical bank, the account types may vary to a larger extent. These options vary from bank to bank. You can choose from the regular savings and current account types to more diverse demat, and other market based accounts.
5. Although there are advantages to online banking, one can also experience certain detrimental effects. When you go to a physical bank, it takes lesser time to set up an account or make a deposit in comparison to an online bank, where it may take a much longer duration. You may experience a delay of a few weeks to get your money credited to your account, while dealing with certain online banks that don’t have a physical branch.
6. Primarily one may opt for internet banking due to its cost effectiveness. However it is also mandatory to identify such online banking facilities.
7. The online banking is preferred over the physical banking facilities as they save a lot of time, especially during instances such as bill payments, shopping, money transfer from one account to the other, etc. It is just a mouse click away if you’ve have already scheduled your transactions.
8. While dealing with your finances or giving your personal information online, it is important that you’ve made sure that you’ve chosen a secured and unauthorised access. As there are many technical threats that can steal all these information and you might end up losing all your data, both financial and personal to a third party.
9. You searched for an online bank, found an online bank and thinking of getting registered to the first online bank you’ve visited.  This may not be a good idea always. The more extensive your search is, the better internet banking options you can refer to. Therefore, it is crucial that you improve your search and select the online bank that better suits your financial needs.
10. When we talk about widening your search criteria for online banking, it is also because you can avail of better interest rates that may differ from bank to bank. You may find some outstanding interest rates offered by certain online banks.