Most people think of online banking as a safe and convenient way to do their finances, and they would be right. But there are also a number of lesser-known benefits to using online banking that can make your life a lot easier.

For one, you can use online banking to pay bills without having to worry about missed payments or late fees. You can also set up automatic bill payments so you never have to worry about forgetting to pay a bill on time again. Plus, online banking makes it easy to track your spending and budget your money more effectively.

Here are 6 steps to get started with online banking:

1. Choose a reputable online banking tool.

There are a number of different online banking tools and apps available, so it’s important to choose one that is reputable and reliable. When you read a Wise or Revolut review, keep in mind that not all online banking tools are created equal. Firstly, make sure that the tool is available in your country. Secondly, check to see if the tool offers features that are important to you, such as bill payment and budgeting tools. Lastly, read reviews from other users to get an idea of the tool’s customer service and overall user experience.

2. Set up a secure login.

When you create an account with an online banking tool, you will be asked to create a username and password. It’s important to choose a strong password that is difficult to guess. Avoid using easily guessed words or phrases, such as your birthdate or your pet’s name. Instead, use a combination of letters, numbers, and symbols to make your password more secure. Keep in mind that you will need to remember this password, so make sure it is something you can easily remember.

3. Link your bank account.

Most online banking tools will require you to link your bank account in order to start using the service. This is necessary in order to transfer money into and out of your account. When you link your bank account, you will be asked to provide your bank account number and routing number. You may also be asked to provide a voided check so the online banking tool can verify your account. Plus, you’ll need to choose how you want to transfer money into and out of your account. You can typically do this via ACH transfer, wire transfer, or debit card.

4. Choose a payment method.

Once you have linked your bank account, you will need to choose a payment method. Most online banking tools will allow you to make payments via credit card, debit card, or bank transfer. If you are paying by credit or debit card, you will need to provide your card number, expiration date, and security code. If you are paying by bank transfer, you will need to provide your routing number and account number.

Also, keep in mind that some online banking tools may charge a fee for certain payment methods. For example, some tools charge a 1% fee for credit card payments, while others do not charge any fees for credit or debit card payments.

5. Make sure you have a backup payment method.

It’s always a good idea to have a backup payment method in case your primary payment method fails. This could be a second credit or debit card, or a different bank account. If you are using an online banking tool that offers mobile payments, you may also want to consider setting up a backup payment method through your mobile carrier.

6. Keep your account information safe.

Once you have set up your online banking account, it’s important to keep your account information safe. Never share your username or password with anyone. If you think your account has been compromised, change your password immediately and contact customer support.

Additionally, it’s a good idea to set up two-factor authentication for your account. This will require you to enter a code from your mobile phone in addition to your username and password when you log in. This adds an extra layer of security to your account.

Online banking can be a great way to manage your finances and avoid missed payments or late fees. In order to get started, you’ll need to choose a reputable online banking tool, set up a secure login, link your bank account, and choose a payment method. Make sure you have a backup payment method in case of emergencies. Keep your account information safe by never sharing your username or password with anyone. If you think your account has been compromised, change your password immediately and contact customer support.

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