Only a few years ago the concept of online banking seemed like a dubious one – concerns about security and computer glitches were enough to put most people off. But with the continuing success of flagship companies like Cahoot, Egg and Smile, more and more of us are choosing to do business over the net. Sophisticated technology means that your information is well protected, and an online account offers several advantages over traditional banking.
Anytime, anywhere
The convenience of being able to log on and carry out transactions at any hour of the day or night could be a welcome alternative to visiting the bank on your lunch hour. No queues and no bank holidays mean the customer has even more control over their finances. Plus, your account information is displayed as a clear overview – no more riffling through mountains of old bank statements to find the info you’re looking for.
Get higher
Because online banks don’t have the overheads of running branches, they can pass on the savings to the customer, and offer better rates of interest on your money. Not only do they offer substantially more interest on your current account but there are also loans available with very low APRs that will save you money in the long run.
Safe and secure
Some experts consider internet banking to be even more secure than traditional methods – you won’t have pieces of paper with sensitive information lying around, and there’s no danger of your business being overheard by other bank customers. Check that the site is secure whenever conducting business online, never send passwords or account information in emails, and be sure to log out when you’ve finished your session
The downside?
In the past there have been a few cases of computer glitches revealing customers’ personal information, but these have been relatively minor and as internet banking becomes more popular, systems are likely to become more secure than ever. Technophobes probably won’t enjoy banking online. You do need to make sure your computer’s security system is sound, and that you have privacy for your session. Some people may miss the face-to-face contact of their local branch, and most will choose a combination of online banking, phone banking and branch visits. As internet banking becomes more established, it’s likely most of us will end up conducting at least a proportion of our business online, and you could find switching on to the new banks well worthwhile.
UOB which stands for United Overseas Bank limited marks its position as the third leading bank located in Singapore. Malaysia, Thailand, Indonesia and China are the other countries where UOB has benchmarked its presence. 40% of the total profit accounts from outside Singapore till the year 2010.
Some of the branches are located in the following locations in Singapore. You can find the exact branch locations in the bank website.
UOB Admiralty Branch – Admiralty MRT Station, Singapore. UOB Anson Branch – International Plaza, Singapore. UOB Bedok Branch – New Upper Changi Road, Singapore. UOB Boon Lay Branch – Boon Lay Place, Singapore.
Assurance, corporate finance, life insurance, general insurance, private banking, commercial and corporate banking, personal finance services are some of the services that the bank offers.
Both personal and business banking internet services are provided by the bank. Besides this, Private banking services and Privilege banking services are the other facilities which UOB bank facilitates. Internet banking through UOB helps to make the use of many amenities such as check account history, check balance, managing the account any time. The biggest advantage of UOB internet banking is that you are not required to stand in long queues waiting for your turn but just require accessing your account instantly.
Through UOB internet banking, customers are allowed to pay their bills online, you can view your transaction history, and you can also apply for new accounts and also apply for a mortgage.
UOB offers personal internet banking service to its customers 24/ 7 in addition to security, safety and currently free service. You can improve your business by making the use of UOB business internet banking. It provides you with all the information of your account online such as Account Services, Funds Transfer, Bulk Services, trade Services etc. You can have a look on its official website or contact the nearest branch.
Next Step: Find more benefits of UOB Intenet Banking.