On line Personal Finance

If one wants to manage his personal finances just by a click of a mouse, then he could avail the on line personal finance service provided by a number of financial institutions.

The on line personal finance facilities are listed as under:

If one wants to manage his personal finances just by a click of a mouse, then he could avail the on line personal finance service provided by a number of financial institutions.

The on line personal finance facilities are listed as under:

• On line Banking with Bill Pay:

  This on line personal finance service helps in the following way:

  1. The on line banking service helps to check balances up to 90 days of activity of the checking, savings and investment money market accounts. It also helps to keep track of installment loans, credit cards etc.
  2. The on line personal finance facility also helps to have detailed on line financial statements up to 16 months.
  3. One can transfer funds between accounts that are eligible.
  4. One can avail the on line bill pay service since it is better than standing in the long queues and faster than writing and mailing a check.

• On line Brokerage:

  If one has access to the Internet, he can avail this on line personal finance service. He can access his investments, get real time quotes, place orders and confirm trades. In this way one can keep track of the current market status and thereby decide where to and where not to invest. One can enroll in any one of the brokerage accounts which includes a Command Asset Program, IRA or a standard brokerage account. If one is an active on line trader than he enjoys the advantage lower trade commissions. Some of the on line brokerage features are listed as under:

  1. One can obtain information on his real-time account.
  2. One can enroll for electronic confirms whereby he can access 400 days of trade confirmation history
  3. Free, unlimited real time quotes are also available.
  4. Latest financial reports, market commentary are available.

• Wachovia One Stop:

  This is a very famous on line financial service offered by Wachovia. With the help of this service one can have a bird’s eye view of his financial status. One can see both Wachovia and non- Wachovia accounts. One can keep track of the on line credit accounts to see the payment due dates. 
   

• On line Retirement Access:

  If one is a participant of the retirement plan, he can easily access his retirement account on line. The retirement plan is an ongoing process. Keeping an on line track of it is essential in order to make necessary adjustments. The following are some of the on line retirement benefits:

  1. Flexibility of investments
  2. Pre-tax employee contributions
  3. Availability of participant education tools
  4. Customer enrollment packages are personalized for the individual employees.
  5. The investment earnings and employee contributions are tax-deferred until they are withdrawn.
  6. 24 hour Internet access with transaction capabilities.

• On line Services Demo:

  The on line service guided tour teaches how to check balance,transfer funds, pay bills on line, view posted cheques,financial statements and receive account balances automatically. The on line brokerage guided tour teaches how to check the Command asset program and brokerage account balances,holdings, how to confirm trades and other investments. It also teaches how to gain knowledge about real time quotes, market commentary etc.