Technology has pervaded every aspect of our lives. This includes how we go about conducting banking transactions. If you desire convenience and accessibility to your account at all times, go the online way.
It is very simple to open an online bank account. And just as the traditional banking offers you a choice of accounts ”savings account, checking account, money market deposit account and certificate of deposit account, you can hold any of these accounts in the online mode as well.
Having an online bank account entitles you to all services and privileges that you would enjoy in a traditional banking system. Over and above, what you gain the most is convenience and saving in time.
You can either have an online bank account with any of the brick and mortar banks or choose to hold a bank account with online-only banks. The USP of such online banks is their high interest rates and no fees. They are able to save on overheads, the benefit of which is passed on to the bank’s account holders in the form of higher interest and lower fees.
Anytime Anywhere Banking
Your online bank account helps you to transact at any time of the day or night. Even if you’re travelling out of the country, for business purposes or a holiday, you can access your account, make payments and effect transfers. In short, you can access your account 24/7.
Time Saving
Why do you want to waste your time in queues at the bank to withdraw cash or make deposits or pay bills or know your account balance? All these can be accomplished in a jiffy with just a simple click of the mouse. With banks offering mobile apps, you can download the app on your smartphone. Get your banking done while you’re travelling to work on the Amtrak or while you’re waiting for your lunch at the restaurant.
Secure
Bank URL’s are secure websites with multiple layers of encryption. Plus all transactions need to be validated through a unique user ID and password. You can be rest assured that all your personal financial info is secure and safe.
Host Of Facilities
Holding an online bank account, you can check your balances, set auto bill payments, transfer funds between accounts, view and print your account statements.
Whether you choose to open an online savings account or an online checking account, you will be able to access your account information at all times. This includes verifying if you have written only the specified number of checks allowed in the savings account or any maintenance fees have been charged for not maintaining the minimum balance in your checking account.
If you want to enjoy hassle-free banking, go ahead and submit an application for online bank account.
There are companies that work on collecting and maintaining credit information of consumers. These are known as credit reporting agencies (CRAs). There are three such major CRAs in the country, namely Equifax, Experian, and TransUnion. Apart from these, there are other smaller-scale agencies too that specialize at the job. If you’re worried about “where to get my credit score?,” the larger CRAs are the most reliable bets.
These major CRAs obtain information from companies that you hold business and transactions with. People or companies that lend you money regularly report to these CRAs on your repaying status. There is also detailed information on the amount you are indebted and whether you have ever defaulted on your payments. Aside from the reports obtained from lenders, these companies also tally your general records based on certain other aspects. Some of these aspects are your public records from the local and state judiciary. These include your tax records and bankruptcy information. This information makes up an important chunk of your credit score and its report.
Equifax
Present in 24 countries, Equifax is an agency that offers consumers protection against identity theft and credit fraudulence. They also sell credit reports and credit monitoring assistance to businesses.
Experian
Experian started off in London and is now a trusted agency in 39 different countries. It provides you with a credit score, credit report, and even credit tracker on subscription. The agency uses FICO 8 system of credit score calculation. Experian was a part of Forbes’ “World’s Most Innovative Companies” in 2018.
TransUnion
Based across 30 countries with a database of over 1 billion consumers, TransUnion is another CRA giant. The agency, like the other ones, will provide you with your credit score and your credit reports. In case you decide to freeze your TransUnion credit report, it will also go the extra mile to notify Equifax and Experian, which frankly is a big help especially in case of identity theft and credit fraud.
So, the next time you are sat wondering “where to get my credit score?,” think of these three giants that provide you with an annual credit score and credit report for free once each year. However, if you are looking for more frequent updates, you can subscribe to their services and receive your monthly updates.
Did you know that you have more than a single credit score? Agencies calculate your credit score based on the data in your credit reports. If you are wondering, “where to get my credit score?,” there are three main credit reporting agencies. These can have different credit scores for you if your information on each of their credit reports is different. Also, these agencies charge a fee to reveal your credit score.
Recently, it has become easier to track and get hold of your credit score without paying any fees. You can get it from your credit card company, your loan provider, and even from a non-profit counselor. Here are a few tips you can use to check your score.