Bank Of Scotland Internet Banking
The Bank of Scotland was the first bank to offer a service to Nottingham Building Society customers that later became the basis of online banking as we know it today. This service was called "homelink", which enabled customers to send transfers and pay bills using a television and the telephone.
Internet Banking - Bank of Scotland
As a result of the low costs of Internet banks, because there is no need for manpower and any of the other usual necessities, Internet banks in Scotland and everywhere else in the world for that matter, are able to pass these savings on to you. They are able to offer various special deals, and this includes things such as higher interest rates on checking and savings accounts, unlimited free transactions and more.
However, as with anything else in this world, with the advantages come the disadvantages, and there are certainly some drawbacks that you have to make note and be aware of. For example, it can be incredibly hard to deposit money into your account if you are with an Internet only bank, because most of them do not have actual branches that you could go to when you needed to. Therefore you will generally have to mail in your deposits, and not only is this risky and time-consuming but as well can get to be quite redundant and frustrating, especially if you make deposits frequently.
As well there is the fact that most Internet only banks do not offer ATM machines, and so if you are out and about and want to withdraw some money, you are most likely going to end up having to pay an extra fee to take money out from another bank's ATM machine. This means that you may end up incurring large costs that end up outweighing the costs of traditional bank transaction fees.
This is definitely something that you are going to have to consider, and one of the most major reasons as to why it is so important to learn everything you can about an opportunity such as Internet banking before jumping at it, because in the end of it all, depending on your own personal circumstances, it may not be an opportunity for you at all.
Bank of Scotland Mobile Banking
Mobile banking with the Bank of Scotland enables you to do many of your everyday banking tasks while you are out and about from your smartphone. You no longer need to be sitting at your desk in front of your PC. Their new and improved mobile app is faster and easier to use with new security features that will boost your confidence in banking on the move. Mobile banking features include being able to check account balances, transfer funds, make payments, view transaction history and use the Bank of Scotland handy branch locator to find your nearest Bank of Scotland branch.
Bank of Scotland Online
When it comes to the decision of staying with the bank you have now or switching to an Internet only bank, this is really something that only you can decide. There are financial advisors out there that will be able to offer you assistance with this, if you feel that you need it, but just make sure that they do not work for your existing financial institution because you do not want the argument to be one-sided.
Bank of Scotland Credit Cards
- Bank of Scotland Platinum MasterCard Purchase Credit Card - 0% interest on purchases up to 13 months
- Bank of Scotland Platinum Balance Transfer Credit Card - 28 months interest free on balance transfers
- Bank of Scotland Student MasterCard Credit Card - credit limit up to 1000, free text reminders
Find out more about Bank of Scotland credit card options.
Bank of Scotland Job Opportunities
Looking for a career in the banking industry? Follow the link below to find current job opportunities at Bank of Scotland. Search for a job with the Bank of Scotland and begin your finance career today!
Career opportunities with Bank of Scotland - Bank of Scotland Jobs
Bank of Scotland Latest Online Banking News
The Bank of Scotland Foundation has introduced a new grants programme after its funding from Lloyds Banking Group was doubled to £2 million.