A Quiz To Help You Decide
Will you derive enough benefits from home-banking to make it worth the money? Ask yourself the following questions, and judge for yourself.
Do you have the right computer and a modem?
Home banking services—which require special software from the bank—generally work with popular models from Apple. Atari. Commodore. IBM. and Tandy (check with your bank for details). Unless you move a lot of money around, it's probably not worth buying computer equipment for home banking alone.
Does it make sense to do home banking through CompuServe or other networks?
Some small banks that don't have their own "delivery" systems can be accessed through networks such as the CompuServe system. Such services charge for connect time (banks often waive their own fee), so the monthly cost of banking will probably be relatively high.
How many limes do you frequent the bank each month and for what type of transactions?
If most of your activities involve deposits or withdrawals, home banking won't reduce your number of visits to the bank, if you stop by the bank to check your balance or transfer funds, you'll save a lot of shoe leather.
Is home banking offered by a bank in your area?
If not, it doesn't make too much sense to transfer your money to an institution where you can't easily make deposits and withdrawals, unless that bank offers valuable services your bank doesn't.
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