The presence of technology that makes our lives easier has now entered the economic or financial sector. Business people are certainly familiar with the matter of money transfers. It’s just that in the past you had to send money directly to the nearest ATM or bank branch, now you can do it from home with the internet, also known as online banking Malaysia. It is very profitable for us! Want to know more? Let’s look at the following!
What Exactly is Online Banking Malaysia?
Online banking is a service that allows you to conduct banking transactions over the internet. This is a banking activity that uses the internet as a medium. To conduct transactions and obtain other information via the bank’s website. This activity uses the internet network as an intermediary or liaison between the customer and the bank, eliminating the need for the customer to visit the bank. Customers can use internet-connected desktop computers, laptops, tablets, or smartphones as a bridge between their device and the bank system.
Features of Online Banking Malaysia
Internet banking service features include general information on savings/giro accounts, deposit accounts, account mutation information, fund transfers, both transfers between accounts and between banks, purchase of credit, information services such as interest rates and exchange rates, and payments, such as telephone payments, internet , cable TV, electricity and various other types of payments.
How Does Online Banking Malaysia Work?
To use internet banking, customers must have a user id, password, token or One Time Password (OTP), and an internet network. User id, password, and token can be obtained by registering with the bank. When using internet banking, customers must ensure that the website accessed is the bank’s internet banking website. then the customer will be asked to enter the user id and password on the home page or login. When conducting financial transactions, customers will be asked to enter the OTP obtained from the token. After the transaction is complete, the customer must ensure that he/she has logged out from the internet banking page. The bank sends a notification via email as proof that the transaction has been successful.
In the era of technology like now, the internet has become a major need. The banking sector is no exception. By utilizing the internet, you, especially employees in urban areas, can make transactions anytime and anywhere, without having to meet the bank’s customer service. In addition to making your life easier, online banking facilities still prioritize the precautionary principle. Some benefits of them:
Moving the bank to your home
From now on, forget about banking operating hours at 08.00-16.00. By utilizing internet technology, you can perform financial transactions simply using your gadget without having to meet bank officers. Unmitigated, you can do it 24 hours. Transactions that can be done are not only fund transfers, but also monthly bill payments such as electricity or water to apply for a loan.
Request the application to the bank
To be able to use online banking, the method is very easy. First contact the service department of the bank where you deposit the money. Next, simply state your savings account number. If you are reluctant to call a bank officer, you can also look for information through the bank’s website. From there, just follow the instructions. In these instructions, you are directed to activate your account so that it can be accessed online. Usually will be accompanied by a user name and password. Within minutes, you have access to an online bank. Don’t worry, the confidentiality of your personal data will be guaranteed.
Your money in one hand
After having online banking facilities, now managing your business is simpler. You don’t have to waste time going to the bank to fill out a transfer application, or cashing checks using paper.
Save time, money and environmentally friendly
With an account that is connected online, your money and time are not wasted. Online banking is also considered environmentally friendly because it does not require paper to print out each transaction (paperless).
Does not eliminate the interaction between banks and customers
Online banking does not automatically remove the interaction between the bank and its customers. You can still go to the bank at any time to talk face to face with a bank officer.