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What are the main advantages of internet banking?

    E-banking, online banking, internet banking. We call it differently but we mean the same thing – the ability to manage your money over the internet, without the need to visit a bank branch and deal with paperwork.
    If someone asks us to describe online banking in three words, they will be freedom, convenience and security. But online banking offers way more advantages – read on below to learn more about them.

    Ease of use
    You can set up an online account and manage your money online without the need to visit a bank, or print and sign anything. Online banking saves you time and hassle and makes your financial life so much easier.
    For example, it takes about 6 minutes to open your account with LeoPay, and the best part is that you don’t have to print and mail any documents.

    Lower costs
    Often online-only banks and non-banking institutions offer lower fees than traditional banks, or don’t charge any subscription fees at all.
    LeoPay, for instance, has no setup and monthly/annual service fees. Our clients pay a fee only when they use some of our services – others are completely free (e.g. money transfers to other LeoPay users).

    Full control and transparency
    Online banking gives you full control over your personal and business finances.
    It’s super-easy to check up on your account balance, transactions and keep track of any cent going in and out of your account – 24/7/365, even on holidays and weekends, in any place with internet connection.
    To ensure even better control, LeoPay provides an extra layer of security with the option to lock your card when you don’t use it. Thus, you can keep your money protected when you think you might have lost your card.

    Accounts in multiple currencies
    With online platforms like LeoPay, you have the freedom to open as many accounts as you want and in currencies of your choice. It’s very easy, not to mention that you save yourself the trouble of chasing down branch managers to open a new account or get an account statement.

    Convenient mobile banking at your fingertips
    Majority of online banking solutions, whether offered by a bank or non-banking financial institution, have a mobile app which allows 24/7 access to your account from anywhere.
    Whether you are on vacation or at home, the app allows you to send money abroad, make transfers between your accounts, exchange money and more – all from the comfort of your phone. Practically, you have the freedom to do what you need to do when it’s most convenient for you.

    Lastly, let’s have a look at some stats about internet banking.

    According to Eurostat, the European Union’s statistics office, 51% of adult Europeans used internet banking in 2017. This share is constantly increasing and has doubled since 2007 when 25% of the European population used internet banking.
    These figures once again prove that the online banking is on the rise and now is the perfect time to try it.

    So, why not register here and open your LeoPay account? It takes about 6 minutes.