Benefits of Online Business BankingBenefits of Online Business Banking

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What is Online Banking?What is Online Banking?

Online banking (Internet banking) allows customers to conduct finanacial transactions on a secure website operated by the institution. It may include of any transactions related to online usage.To access a financial institution's online banking facility, a customer having Internet must register with the institution and set up some password for customer verification.

River Bank & TrustRiver Bank & Trust got the banking products that will set you up for long term success. Owned and operated by individuals in our community, River Bank & Trust is committed to your business.

Features of Online BankingFeatures of Online Banking

A bank customer can perform some non-transactional tasks through online banking, including –

viewing account balances viewing recent transactions Downloading bank statements viewing images of paid Cheques ordering cheque books Fund transfers between the customer's linked accounts Investment purchase or sale Loan applications and transactions, such as repayments of

enrollments

Term LoansTerm Loans

A term loan is often used when a business is purchasing a fixed asset such as equipment, vehicles, real estate or making leasehold improvements.

Two Types of Loans are there:

I. Commercial Loan Application

II. Personal Financial Statement

Benefit of Online BankingBenefit of Online Banking Anytime banking and anywhere banking Reduction in cost of transaction Pay bills online by saving postal service Easy to make utility payment Online purchase Service is available 24x7 Online banking is much cheaper

for the bank. A survey says that Online Banking costs only 10% of branch services

Drawbacks Of Online BankingDrawbacks Of Online Banking

Difficult in adoption of technology Bank site changes Need an account with an Internet Service provider Security concern, like “hackers” accessing your bank

account High cost of technology Must have basic computer skills and internet knowledge.

Security FeaturesSecurity Features

Security is a primary concern in internet banking SSL(secure sockets layer) protocol is used to ensure data security

between customer browser and web server Customer database is protected by double firewalls User name and pins Anti-virus

Contact DetailsContact Details

Main Office - 2611 Legends DrPrattville, Alabama+1 334-290-1012

www.riverbankandtrust.com