Virtually all banks and building societies now offer online banking, allowing you to access your accounts and other financial products via the internet. There are also a number of online-only banks, which have no branches, making everything accessible via the web.
The benefits of online banking include:
- Access your account 24 hours a day, 7 days a week
- Check your statements and balances
- Move money
- Manage direct debits, standing orders, pay bills
- Change payment dates i.e. on mortgages and loans
Online banking is safe and secure – you will be given a unique user name and password to access your own individual details – so you can log on anywhere, anytime.
For leading online banking savings rates, see the table above, for top current account deals, see below: