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How do I use the Internet for banking and investing?
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How do I use the Internet for banking and investing?
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Here are five things you can do online:
1. Transfer or move money
You can m
ove money from one account to another. You can also m
ove money to accounts at
other banks, or send money to friends and family.
2. Pay bills
You can have the money taken right out of your account to pay your bills online.
3. Monitor your accounts
You can check to see how much money you have in your accounts.
You may also be able to view
your monthly bills online, instead of having copies mailed to you.
4. Compare products and companies
You can c
ompare the services and products offered by different companies and the fees they
charge. You can also c
ompare
interest rates
paid on
deposits
, and interest rates charged on
loans
.
5. Buy and sell investments
If your investments are with a company that is not your bank, you will have to set up a separate
online account with them. If you invest online, you may pay lower fees if you set up an account
with a
discount brokerage
Learn more now
Remember: Play it safe when you bank online.
Read about safety tips for banking online
Confused?
These links will introduce you to this topic.
What are the steps to open a savings or chequing account?
Ready to find out more?
Here are some related topics.
How do I invest safely on the Internet?
How can I find out how my investments are doing?