The convenience of online banking starts with the possibility of setting up an account via the Internet. Once this is done, a customer will quickly learn that there are virtually no limits to how online banking can be gainfully exploited. Discovering the length and breadth of this facility takes minimal browsing skills or Internet knowledge. Today, banks have made their websites so user-friendly that the need for a book entitled 'Online Banking For Dummies' will probably never arise.

If a customer owns a credit card, a PayPal account or any of the other contemporary vehicles for Internet commerce, the world of online banking is his or her oyster. By this facility, it is possible to pay utility and online shopping bills, check account balances, obtain transaction statements, have checks collected or cash delivered to one's doorstep, make investments, transfer considerable sums of cash to any point on the globe, and generally manage one's account from the comfort of the home or office.

In addition, a number of online banks offer their customers far better interest deals on their savings accounts than regular banks do. The high rate of competitiveness among banks that offer online banking has also resulted in a plethora of 'freebies' and other incentives being offered - including discounts on holidays, shopping, gas payments, etc.

Many banks with the online option now allow their customers the facility of viewing scanned images of their checks and drafts, applying for car or home loans and communicating with their account managers via email or chat.

The level of security that online banking offers, though not infallible, is being developed and enhanced constantly. In a world of increasingly imaginative commercial frauds and Internet hackers, this is certainly called for.