Online Banking: To bank or not to bank online – that is the question!

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Nowadays the internet is everywhere in our lives, and when the banks’ counters in Lebanon close at 2pm (helpfully slap bang in the middle of a working day), how much more convenient is it to pop online to your convenient local internet banking service!

Worldwide, online banks are expanding constantly, however since opening accounts remotely is not legally authorized in Lebanon, Lebanese banks offer to their clients the convenience of banking online with specified transactions and services.

So what do you need to look out for when choosing an online only bank? Of course you need to read the fine print carefully, as you should do when opening an account at any regular bank. Check for any hidden catches in areas such as hidden fees, minimum balance requirements, etc… If you are a technophobe then maybe internet banking isn’t for you, but for those of you willing to learn there are many benefits.

Online banking, or internet or web banking as it is also known, offers all the services of a regular bank, but with 24-hour access. In addition, services such as transfers, online bill payment, mobile and telephone banking are also offered by the best online banks. Even if they don’t have direct ATM access, the reduced overhead costs mean they can refund transaction fees as well as offer savings and pay higher interest rates, which nowadays is something we’re all looking for.

Since online banks are not permitted in Lebanon, most Lebanese banks offer online services for basic cashless transactions such as viewing accounts and recent transactions, downloading bank statements, ordering checkbooks, etc… Banks ready to go the extra mile and offer more convenience to their clients would allow online transfers, bill and card payments, loan applications, etc…

The Lebanese online banking system is not as advanced as the global market because of the tight rules and regulations that the law imposes on it. This is further hampered by the fact that a significant percentage of the Lebanese population is still not comfortable using the internet when it comes to finance. However, this is set to change in the future as more and more banks offer more convenient and secure online facilities.

One way to keep up-to-date with the world of online banking is to check out Global Finance’s Best Consumer Internet Banks Awards 2014 which took place in October, 2014. The awards recognize banks that provide excellent online services for customers, as well as offering a wide range of online services and user-friendly websites.

With bnooki.com, check and compare Lebanese banks’ online banking offers by clicking http://www.bnooki.com/services/online-banking/list.

Bnooki is a free online platform that gathers data, products and all kind of banking services offered by all banks in Lebanon.

It allows you to compare all banks and choose the services that fit your requirements. Find What You want from banks and compare more Than 500 loans, cards, accounts, and more from 21 banks.

02 Dec 2014
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Online Banking: To bank or not to bank online – that is the question!

Nowadays the internet is everywhere in our lives, and when the banks’ counters in Lebanon close at 2pm (helpfully slap bang in the middle of a working day), how much more convenient is it to pop online to your convenient local internet banking service!

Worldwide, online banks are expanding constantly, however since opening accounts remotely is not legally authorized in Lebanon, Lebanese banks offer to their clients the convenience of banking online with specified transactions and services.

So what do you need to look out for when choosing an online only bank? Of course you need to read the fine print carefully, as you should do when opening an account at any regular bank. Check for any hidden catches in areas such as hidden fees, minimum balance requirements, etc… If you are a technophobe then maybe internet banking isn’t for you, but for those of you willing to learn there are many benefits.

Online banking, or internet or web banking as it is also known, offers all the services of a regular bank, but with 24-hour access. In addition, services such as transfers, online bill payment, mobile and telephone banking are also offered by the best online banks. Even if they don’t have direct ATM access, the reduced overhead costs mean they can refund transaction fees as well as offer savings and pay higher interest rates, which nowadays is something we’re all looking for.

Since online banks are not permitted in Lebanon, most Lebanese banks offer online services for basic cashless transactions such as viewing accounts and recent transactions, downloading bank statements, ordering checkbooks, etc… Banks ready to go the extra mile and offer more convenience to their clients would allow online transfers, bill and card payments, loan applications, etc…

The Lebanese online banking system is not as advanced as the global market because of the tight rules and regulations that the law imposes on it. This is further hampered by the fact that a significant percentage of the Lebanese population is still not comfortable using the internet when it comes to finance. However, this is set to change in the future as more and more banks offer more convenient and secure online facilities.

One way to keep up-to-date with the world of online banking is to check out Global Finance’s Best Consumer Internet Banks Awards 2014 which took place in October, 2014. The awards recognize banks that provide excellent online services for customers, as well as offering a wide range of online services and user-friendly websites.

With bnooki.com, check and compare Lebanese banks’ online banking offers by clicking http://www.bnooki.com/services/online-banking/list.

Bnooki is a free online platform that gathers data, products and all kind of banking services offered by all banks in Lebanon.

It allows you to compare all banks and choose the services that fit your requirements. Find What You want from banks and compare more Than 500 loans, cards, accounts, and more from 21 banks.

Last modified on Thursday, 15 January 2015 08:14

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