Online Bill Pay 101

You should take advantage of the many benefits offered by your bank or credit union’s online banking and online bill pay options. Online bill pay allows you to quickly, securely, and conveniently manage your bill payments from any computer or electronic device, anywhere, at any time. You can also monitor activity on your checking account and savings account to ensure that you aren’t at risk of overdrawing your account.

With online bill pay, you can schedule bill payments in advance and set up payment reminders, so you’ll never forget to pay a bill again. All of your payee information will be stored in one secure, convenient place, so you won’t have to continually be looking up information. You can also easily track your monthly, quarterly, or yearly payments for accounting or tax purposes.

If you’re interested in setting up online bill pay in O’Fallon for your checking account, come see us at GCS Credit Union. We offer a variety of secure online banking services designed to make your life simpler and less stressful. To learn more about our banking services, call us today at (618) 797-7993.

Looking Back at the History of Online Banking

Almost every bank and credit union now offers an array of convenient online banking and online bill pay services. Electronic banking services were first developed in the 1970s, and banks began offering some form of online banking services in 1985. Here is a look back at the fascinating history of online banking.

Early Development of Online Banking Services

Banks first offered home banking services and distance banking services via electronic means in the 1980s. Initial home banking services allowed customers to connect to their checking account or savings account information using a terminal, keyboard and TV, or telephone line. These early services were very primitive, and weren’t accessed by very many banking customers.

The First Online Banking Services in the U.S.

Online banking was first introduced in New York City in the early 1980s. The first banks to offer online banking services were Chase Manhattan, Citibank, Chemical Bank, and Manufacturers Hanover. These banks allowed their customers to maintain check registers electronically, check their account balances, and transfer funds between savings accounts and checking accounts. By the late 1990s, customers were more comfortable engaging in financial transactions over the internet, and online banking became more popular.

Online Savings and Checking Accounts Today

While online banking services got off to a slow start, a 2009 estimate claimed that about 47% of Americans were banking online. Banks and credit unions that offer online banking and online bill pay now provide comprehensive banking services to their customers via the internet. Some banking institutions only exist online, without local branches or ATMs for customers. With online banking, customers now enjoy 24/7 access to their account information and banking services, lower transaction costs, and the ability to access their accounts anywhere in the world.

At GCS Credit Union, we offer a variety of convenient online banking services in O’Fallon . If you’re interested in joining a credit union, you should talk to one of our friendly, knowledgeable representatives about getting an online checking account. To learn more about our online banking services, call us today at (618) 797-7993.

Tips for Managing Your First Checking Account

Opening your first checking account can be exciting, but it is important to be careful. You will need to keep an eye on your debit card as well as the balance in your checking account in order to prevent fees and penalties. You must also keep your cards and information protected. Here are a few tips for managing your first checking account.

Consider Overdraft Protection

Your first checking account will teach you to be responsible with your money; in some cases, it will also teach you about the consequences that may occur when you fail to do so. Fortunately you can make use of a safety net called overdraft protection. An overdraft occurs when the amount of money you attempt to spend or withdraw exceeds the amount of money you have in your account. This typically incurs fees, but overdraft protection can give you some extra flexibility.

Keep Your Cards Safe

Just because your credit and debit cards have your name on them does not mean that other people cannot get away with using them. This is why it is crucial that you keep your cards in a safe place and refrain from giving them to others. Do not enter your information or make online purchases if the seller does not appear to be completely trustworthy. If you lose a card, cancel it or freeze your account as soon as you notice; if someone else has it, this will prevent them from using it.

Use Online Banking

Today’s technology makes it much easier to manage your checking account. Online banking can provide you with electronic statements at any time of the day or night. You can also use this feature to transfer money from your savings account into your checking account or vice versa.

In addition to checking accounts, GCS Credit Union offers online banking and home mortgage loans in O’Fallon. You can learn much more about our credit union by giving us a call at (618) 797-7993 or visiting our website. If you live in the area, feel free to stop in and meet with us today.

Tips for Avoiding Overdraft Fees

You can only spend as much money as you have in your checking account, otherwise you may incur an overdraft fee. Watch this video for tips for avoiding overdraft fees.

If you want to avoid the penalties for spending beyond your means, it is important that you have an accurate picture of your finances at all times. It helps to use mobile or online banking services with mobile or email alerts. In many cases, you can also link your savings and checking accounts with a protection plan. Check your balance often and try to keep some extra money on hand so that you can avoid these overdraft fees.

For more tips for avoiding overdraft fees call GCS Credit Union at (618) 797-7993. We are dedicated to providing online banking, Visa rewards credit cards, and home mortgage loans in O’Fallon. Feel free to visit our website to learn more about our credit union .

Are You Ready for Your First Credit Card?

Just like your first car or your first night out without a curfew, a Visa rewards credit card can offer you a new sense of freedom. However, this freedom must be used responsibly. Read on if you are wondering if you are ready for your first credit card.

When used properly, your first credit card can help you build credit and prove your trustworthiness and reliability. When used improperly, on the other hand, it may get your credit started on the wrong foot. Having a credit card means regularly paying off your debts, and you must have a steady source of income in order to make these payments. You may be ready for your first credit card if you already have experience in making regular payments; the process is similar to paying towards your cell phone bills, monthly rent, or student loans.

Does it feel like it is time for your first credit card? Call GCS Credit Union at (618) 797-7993 so we can set you up with a Visa rewards credit card. We also offer checking accounts and auto loans in O’Fallon. Feel free to visit our website or stop in and meet with us for more information.

The Advantages of Online Bill Payment

Online Banking When you get a checking account in O’Fallon, you may want to ask your credit union about your online bill pay option. By linking your online checking account to a bill payment program, you can ensure that your bills are paid on time, every month, this is just one of many advantages to online bill payment. With this type of service, you will have the peace of mind that comes from knowing that your bill payments are automatically covered. In addition, you can also save on the cost of penalties and charges that may occur if you forget a monthly payment.

To find out more about setting up online bill pay , be sure to contact GCS Credit Union in O’Fallon. Our banking specialists will be thrilled to help you create a banking solution that is tailored to your needs. Call us at (618) 797-7993 to set up a new checking account today.

The Benefits of Online Banking

Online Banking in O' Fallon You can do just about anything on the internet, even manage your finances. Online banking allows you to manage a number of banking activities, anytime and anywhere you have internet access. There are numerous advantages of using online banking, namely the convenience of being able to get your banking done whenever it’s most convenient for you. Online banking also makes it easier to track your spending and monitor your accounts.

GCS Credit Union offers our members the latest tools to make banking easier. From online banking and bill pay to online financial calculators and direct deposit, we offer our members a variety of supplemental services to simplify their banking experience. And with seven branches in O’Fallon and the surrounding area, there’s a GCS Credit Union near you whenever you to stop by. For information on becoming a member, call us at (618) 797-7993.

Highlighting the Benefits of Online Banking

Benefits of Online Banking You already have enough to worry about without having to make time to stop at the bank each week. Fortunately, GCS Credit Union offers a revolutionary way to manage your finances anytime, anywhere, with complimentary online banking. After joining our O’Fallon credit union , you’ll be able to enroll in online banking and start enjoying these benefits right away:

Stay on Top of Your Bills
It can be hard to pay all of your bills on time, especially when you have to worry about different due dates and minimum payments. Fortunately, online banking from GCS Credit Union allows you to manage your bills so you never miss a payment again. You can schedule payments in advance to pay one-time or recurring bills with ease. Online bill pay is also much more secure than paper billing, so you won’t have to hold your breath and hope the check arrives on time.

Track Your Spending Habits
Another benefit of online banking is the ability to quickly and easily track your spending habits. This feature will allow you to see exactly where your money is going each month. If you want to increase your savings, knowing where to cut back is the first step in putting more away each month. With online banking, you’ll be able to see trends and habits in your spending that might have otherwise gone unnoticed. For example, you may be surprised to learn how much you’re spending each month on eating out and going to the movies.

If you want to bank from home, on the road, or on your smartphone or tablet, visit GSC Credit Union in O’Fallon to learn more about our online banking services . If you have questions about becoming a member, please visit one of our credit union branches in Illinois or call us today at (618) 797-7993.

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Understanding How Online Checking Accounts Work

Online banking in O’Fallon is a convenient way to handle your auto loans, home mortgage loans, and other finances from an easily accessible platform. In many ways, an online checking account works just like a regular checking account. Keep reading if you are looking for some help in understanding how online checking accounts work. Online Checking Accounts

Opening an Account
Just like regular checking accounts, online checking accounts may come in a colorful variety of options. You may have a business checking account, a prepaid card account, or a free checking account; depending on your service, this account may exist solely online or you may have a physical account with a bank or credit union that you can access through the Internet. Upon opening your checking account you will typically deposit a certain amount of money so that your account balance meets the minimum it needs to stay open. This number may vary depending on your circumstances, and you can always make a larger initial deposit. In the case of an exclusively online bank, the most convenient way to begin your account is by transferring in money from an existing bank account .

Managing Your Funds
Your online banking system will allow you to access your funds, review your recent transactions and deposits, and view online banking statements. Online banking presents a unique feature that is not offered by traditional checking accounts: online bill pay. You can save money that you would have spent on third party fees and stamps in paying your bills by choosing to pay them with your online checking account. This process is also much quicker than mailing in your money to your creditor, which gives you a little added wiggle room. If your online bank account does not also have a physical location, your service may reimburse you for ATM fees.

Making Safe Deposits
If your account exists only online, you will likely benefit from a direct deposit system. This allows your employer to deposit your paychecks directly into your bank account; you can then access your account using your personal login information; a unique password is critical to the security of your funds.