Schools have shut across the nation, which means a lot of us as mothers & guardians have our work cut out for us for the next couple of weeks! 

The ‘Mothering Sunday’ went by on 22nd of March 2020 without too much fanfare (as this are unusual times in the nation & across the world with the ‘wind of change’ blowing in so many directions).

Social distancing warnings for everyone in Nigeria, are ‘getting louder’. We need to prepare for this new way of life.

Remember, a great way to buy items from stores right now are via Internet Banking.


Even in line with the nation’s desire to go cashless, the use of cash transactions can be reduced to also keep everyone safe. 

Let’s look into some of the advantages of internet banking:

  • It’s convenient (as long as you have a device, internet service & enough electricity / power supply).

  • It’s available 24/7.

  • Fast & efficient (funds are transferred from one bank account to the other instantly).

  • As customers, we can manage several accounts easily & control / access transactions and account balances.

  • No need to visit the bank physically.

  • Payment of bills can be made with ease

  • Schedule recurrent payments at the touch of a button.

  • Get past financial records & statement of accounts.

  • Check information on other bank products, exclusive to users of internet banking only.

  • Update personal information.


Beware of online fraudulent transactions: 


Online Banking has many layers of security checks and balances. Banks are aware that they're a target for hackers, so they work hard to keep your money—and their money—safe.

However, we all have a role to play in security, offline or online!


Tips on how to keep online banking transactions safe:

  • Confirm your online bank’s legitimacy: Read the information found on the site. Check whether or not it is insured with the FDIC. The FDIC has a tool that lets you search for banks, which is easy to access.

  • Protect your computer from hackers: Hacking attacks are not always directed at banks. In fact, many attacks are directed at customers. 

  • Watch out for copycat websites: Be sure that you do not fall prey to sites that use a name that is very similar to your online bank's name. For example, BankofAnerica.com or Citigrop.com.


How Can I Make Cash Deposits Through My Online Bank?


If your bank does not have a physical location, and you get tips or are paid in cash, depositing that money can be complicated. There are sometimes deposit-accepting ATMs that you could use, but if there are none near you, you’ll have to use a money order. You can also use a reloadable prepaid debit card.

ONLINE BANKING ROCKS……..

In these interesting times of change, it might be very important for us to explore & horn our skills in internet banking so we can take advantage of the long stay at home periods, and still ensure that we enjoy all the banking services we need from the comfort of our homes.