Originally Posted by Anita
Over at Small Business Trends we've had an interesting discussion going about online banking. I asked the question: "Are Small Businesses Avoiding or Embracing Online Banking?
We've gotten a lot of input in the comments section over there about the reasons some small businesses are not adopting online banking. Now I'd like to hear from you.
Do you use online banking?
If so, is your bank's online offering meeting your needs? How or how not?
I changed banks just for online banking. It is a huge time saver as well as accomplishes a lot of the record keeping that I would normally have to do. Even the rent payment for my office is scheduled. My bank cuts a check, puts it in an envelope and mails it for me... and for free!!!
I will be deploying a new business this month which will use online banking quite heavily. It's an online auction of travel related products... the auction winner will pay by credit card/check/transfer online... then the company staff will confirm the funds, and make the splits all online using a bill pay style interface.
I think many people are hesitant to embrace online banking for a number of reasons... some people think that if they don't use online banking, then their account isn't on the Internet. (uh... well.... never mind) I know when I first tried different online banking sites, they seemed cumbersome and cheesy. I think they are getting much better.
Bottom line... spend about two hours a month paying bills through my banks online bill pay... no more checks, no more envelopes and no more stamps.
Yes... I love online banking.