Making sure your money is where it’s supposed to be, when it’s supposed to be there, is getting simpler all the time with online banking.
Online banking services allow you to safely monitor your money, move your money, and even keep more of your money by cost and time savings.
Many members begin learning about online banking by monitoring account balances and tracking transactions. If you forget to record the amount of a debit card purchase at a gas station, online banking allows you to go online to retrieve a current statement that lists the transaction. You can also see transactions which are “pending” and will soon impact your account balance.
Members can sign up to receive “account notifications,” sometimes called “account alerts.” These short e-mail or text messages provide account information or balance notifications. You can set up account alerts online.
Paying bills online is one of the biggest time-savers created by online banking. You enter account information when you sign up for the service, then return to the site to pay a bill with a simple mouse click. You also have the option of setting up automatic payments to handle recurring bills, such as insurance premiums or utility bills.
Paying bills online cuts costs by allowing you to purchase fewer paper checks, as well as eliminating the need for stamps and envelopes. Another service is online bill presentment, which allows the company sending the bill to deliver it via the bill payment service.
To prevent others from gaining access to accounts online, change online banking passwords frequently. Never create passwords based on common information such as birthdays, addresses, or your mother’s maiden name. Never respond to an e-mail purporting to be from the credit union that requests account or password information.
When visiting the credit union’s site, make sure the secure area of the site–those Web pages you access after you log in with your password–always has “https” at the beginning of the Web address displayed on the top of every page, and a locked padlock icon on the browser frame, not on the page. A “spoofed” site will appear to be legit but lack one or both of these markers.
Never share personal account information in e-mails. The exception is secured e-mail or instant messaging the credit union offers through the online banking service. A secured message session should have “https” in the website address and display a locked padlock icon.
Explore your options
Take time to explore Mid Oregon Credit Union’s site, or, call or visit a Mid Oregon representative to learn more. Find out how online banking can make your financial life simpler and give you more control.