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Posted: Thu, August 21, 2008
Online banking allows for real-time financial monitoringCustomers choosing to bank online are provided with an "exact picture" of their finances at any time, something that will help them to monitor their finances more closely, it has been claimed.According to payment trade association Apacs, online banking continues to increase in popularity as people and businesses in Wales become more familiar with e-commerce and choose to conduct a growing number of administrative tasks online. Michelle Meyer, a spokesperson for the association, suggested that the migration to online banking is a natural progression of users' adoption of the internet. "I think what it will do is give people an exact picture of where they stand which is always a good thing if you are trying to manage your budget," she added. "Having access to your finances whenever you want and seeing what is going in and coming out puts you in a good place." Recently, Apacs reported that over half of all internet users now bank online, with the number of online adult bankers rising from 3.5 million in 2000 to 21 million last year, a rise of 505 per cent in seven years. 
© Adfero Ltd
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