What is Online Banking & how does it work?
Online Banking refers to using your desktop computer to access your bank account. Using a mobile device, such as a tablet or phone with an installed mobile app is called Mobile Banking.
Both pathways provide you with similar features and functions to manage your money, so it’s just a matter of which access method is most convenient for you at any given time. However, Online Banking may feature a wider array of options.
Online Banking allows Credit Union of Southern California (CU SoCal) Members to access different banking services and products through their desktop computer's web browser, which for many individuals, completely removes the need to visit their local branch.
At CU SoCal, we make Online Banking easier!
Call 866.287.6225 today to schedule a no-obligation consultation and learn about our mortgages, home equity lines of credit, auto loans, personal loans, checking and savings accounts, and other banking products. As a full-service financial institution, we look forward to helping you with all your banking needs.
Get Started with Online Banking Today!
What can you do with Online Banking?
Here are some other things you can do with online banking:
Pay bills. With this feature you can make one-time payments and set up automatic payments for monthly recurring bills, such as phone, utilities, credit card payments, and more.
Make deposits. Many credit unions and banks provide
Mobile Banking by which you can deposit most checks using your smartphone and a mobile app.
Manage accounts. This means you can access all your accounts, see balances, move money, and even track spending.
Set up automatic notifications. All financial institutions provide optional notifications you can sign up to receive by email or by text to your phone. Notification examples include low balance, large withdrawal notification, and overdraft notification.
Make transfers. If you already have a
checking account or
savings account, Online Banking lets you make transfers between your accounts and move money to another financial institution.
Check account balances. All your accounts held at a particular credit union, bank, or online bank can be viewed from the online portal.
Order checks. Most financial institutions provide a link to a form that lets you order checks.
Apply for loans. Whether you need a mortgage loan, personal loan, or an auto loan, you can start your application online. You may. Need to visit a bank branch to complete and sign the application.
Advantages of Online Banking
There are many advantages associated with Online Banking, including:
- Convenience. Manager your account from anywhere with wife service.
- Saves Money. You’ll spend less money on gas and save time by banking online.
- Safety. Online Banking plus features like direct deposit of paychecks, tax refunds, and other income means you don’t run the risk of losing your checks.
How to set up Online Banking
Setting up Online Banking is easy. To set up Online Banking your first step is to
register. This allows you to create a username and password that provides access to both Online and Mobile Banking. Once you have your username and password, you can log into Online Banking on our website, or use our
Mobile App to access your accounts. You can also register for the first time on our Mobile App, and your credentials will also work for Online Banking access.
Is Online Banking safe?
Yes, generally, Online Banking is a safe and secure way to access your accounts. All financial institutions have security software and practices that encrypt account holders’ personal information.
However, one of the ways a security breach can happen is when an account holder logs into their account from an unsecured network, such as in a coffee shop or airport. Whenever possible avoid doing your personal banking in public places. To keep your account secure, never give your personal account information or password to anyone you do not know and completely trust.
Why savvy consumers choose CU SoCal
For over 60 years CU SoCal has been providing financial services, including mortgages, Home Equity Loans, HELOCs, car loans, personal loans, credit cards, and other banking products, to those who live, work, worship, or attend school in Orange County, Los Angeles County, Riverside County, and San Bernardino County.
Please give us a call today at 866.287.6225 today to schedule a no-obligation loan consultation with a CU SoCal Member Services specialist.
Get Started with Online Banking Today!