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Simplify your finances with online banking

11 December 2020 by National Bank
Apps to make your online banking experience easy

You can make managing your finances simpler thanks to online banking. Contrary to what some people may believe, signing up for and using online banking is simple and safe, whether you’re tech savvy or not. Here’s an overview with an expert. 

More and more banking services are available online

“Nowadays, you can manage your finances almost completely online with the help of Internet banking solutions and apps that you can download on your smartphone,” explains Georges Gay, Payments Director at National Bank.

At National Bank for example, many tools are available on our website as well as on our downloadable app. “Plus, some apps allow you to use contactless payment at a store using your smartphone,” the expert points out.

Making safe online transactions

These days, two clients from the same bank or two clients from different banks can safely transfer money online (Interac e-Transfer®). You can even transfer money to someone abroad. “Transferring money to a loved one within the country using Interac e-Transfer® is fairly simple. While transfers outside of the country require a few additional steps, you can now send money to the United States or to one of the 19 countries in the European Union. Eventually, other countries will be added to the list.”

An easier way to manage your daily finances

You can now do almost anything online when it comes to managing your personal finances. “Not only can you manage your account online and pay your bills, but you can access your account statement too. You can also deposit a cheque online using your smartphone, and the money will be deposited into your account immediately.”

To pay off your accounts and bills, just enter them (once) into your online account and that’s it.

You can also apply for a loan online or apply for a line of credit without having to physically go to the bank. You can also order foreign currency online and it will be safely mailed to your home.

Online banking to buy a home

If you’re in the middle of buying a home, our online mortgage calculator could be helpful. You can also get pre-approved for a mortgage online to show sellers that the bank is committed to providing you with a certain amount of financing1. You can even apply for a mortgage online or refinance your mortgage if you’re already a homeowner – all through the Internet.

Your credit card also appears on your online bank account

You can also manage your National Bank Mastercard® credit card on the mobile app and on your bank’s website. “You can check the balance on your card, view your online statement, request a credit limit increase, set up a travel notification, apply for a credit card, and even lock, unlock or replace your card if it gets stolen or lost.” Depending on the card you have, you can also pay off your credit card balance using your reward points.

You can also manage your investments online

RRSP, TFSA, RRIF – you can easily and safely manage all your investments. You can also set up a systematic savings plan, and increase or decrease the money being deducted, or stop the process entirely.

If you’re an independent investor, you can also do your brokerage online and keep track of your investments using the National Bank Direct BrokerageTM (NBDB) platform.

Signing up for online banking is simple

“All you have to do is go to the website and enter some information to confirm that you’re a National Bank client. You’ll need an email address and you’ll be asked to create a password,” the expert adds.

If you’re not so comfortable using the Internet, you can get help to sign up online. Tutorials are also available on the bank’s website that outline the steps to follow for the most common actions. A virtual assistant is also available 24/7 to answer your questions about online banking activities. Please note that there are several processes and solutions that safeguard your cybersecurity as you do your online banking.

“Of course, our services are always getting better and simpler so we can help make our clients’ lives easier.”

Looking to sign up for online banking? If you need help signing up, call us at 1-888-835-6281.

Looking to download the mobile app on your smartphone? Here are the links on the App Store and on Google Play.

For more information, check out our FAQ.

Legal disclaimer

1  Conditions apply.

TM NATIONAL BANK DIRECT BROKERAGE is a trademark of National Bank of Canada.

® Mastercard is a trademark of Mastercard International Incorporated. Authorized user: National Bank.

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This article is provided by National Bank, its subsidiaries and group entities for information purposes only, and creates no legal or contractual obligation for National Bank, its subsidiaries and group entities. The details of this service offering and the conditions herein are subject to change.

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Views expressed in this article are those of the person being interviewed. They do not necessarily reflect the opinions of National Bank or its subsidiaries. For financial or business advice, please consult your National Bank advisor, financial planner or an industry professional (e.g., accountant, tax specialist or lawyer).

 

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