Benefits of Online Banking

If you currently don’t use Online banking you are probably wondering what it is, what are the benefits to it, and how safe is it to use? Let us explain:

What is Online Banking?

Online banking is being able to access your bank account safely on the internet, letting you view your account and do a variety of tasks to help you manage your money.

How to set up Online Banking

To get started you may have to visit your bank’s website, make a phone call or pop into a branch to register for internet access.

The registration process is fairly quick, but for safety reasons, it will involve a few steps such as, having a username or passcode posted to you (usually separately) or even receiving a small security device posted to you for logging in. These steps will vary depending on which bank you are with.

What are the benefits?

• You can access your account quickly and easily.
• Set up direct debits or pay your bills from home.
• It is usually quicker than visiting a branch.
• You can get text or email alerts when there are changes to your account.
• You may have access to free options, such as online budgeting tools.
• Banks may offer different products that aren’t advertised in their branches.

Is it safe?

Online banking is safe as long as you follow a few simple steps:

• Don’t give out your passwords or login details to anyone.
• Make sure you chose a strong password that you can remember
• Always remember to log out properly once you have finished.
• Do not respond to emails asking for any personal details, even if they claim to be from your bank.

Moneyline applications

Having access to online banking can also make applying for a Moneyline loan quicker and easier, through a process called Open Banking. This means you can share your bank statements with us safely, Just click ‘apply now’ on this website follow the instructions. How easy is that!?

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Important Information

Moneyline will never ask you to make a payment before you have received your loan.

It has come to our attention that someone is sending out emails pretending to be Moneyline. These scam emails are asking people to make a payment upfront to get their loan.

If you have received any emails like this and you are not sure if they are real, please call us on 0345 643 1553 or email us at serviceteam@moneyline-uk.com and one of our advisors will be able to help.

If you have think you have sent money to the scammers, please contact Action Fraud on 0300 123 2040 or visit www.actionfraud.police.uk

Thanks,
The Moneyline Team

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