I heard this conversation at the grocery store today:
Bagger: It's payday today. Yea!
Checker: Do you have direct deposit? I do.
Bagger: No. I don't trust it.
Checker: I don't want to have to go to the bank to deposit my check.
Bagger: I have an online bank so it's no problem.
Checker: I don't trust that online banking.
I was amused by them. One didn't trust direct deposit but used online banking. The other didn't trust online banking but used direct deposit. I use both and have not had a problem but I check up on it every week or two just in case. Any bank transaction, even using a bank teller in person, is susceptible to human and computer error. The most important thing, in my opinion, is to stay on top of it all to make sure it's done right.
In other news, my sister sent me a bunch of clothes. Hopefully I'll find some new outfits to wear. Too bad I don't have time to try them all on yet. I did manage to get home a little early yesterday and do a load of laundry before it got dark. I'm working again this weekend and there was some talk about me working next weekend too. I'll be glad when this other job is over...and I can have some fun with the money I've made (which I haven't seen yet).
Hi! I've been reading your blog for awhile and just want to say that you are so awesome! You work so hard every day, do your chores, try so hard to get out of debt and then try to help homeless dogs. I hope you win the lottery! You deserve it!!!
Yep, every bank can make a mistake. I'd guess that simple mistakes far outnumber any kind of fraud no matter what kind of banking it is, online or not.
You will definitely be ready for the Thanksgiving Holidays after all of this is done. Hang in there.
I would not compare online banking to Direct Deposit. Direct Deposit has been around for at least 20 years and doesn't rely on the user for carefulness each time it is used. The customer opts in and then it is basically auto-pilot after that, until the customer opts out for some reason (changes banks, for example). The user relies only on the bank's security. For the purpose of this feature, I include electronic payment with direct deposit because each requirs the same type of opt-in, only the money flows in the other direction.
Online banking adds an extra element of vulnerability - the security at the user's end, each time he goes on line. And you also need to rely on a reliable internet connection and working PC.
My ladyfriend has online banking and while she is quite good at it, she has had a problem with physical checks she writes once in a while.
I'll keep the direct deposit and automatic electronic payment but won't use online banking.
Hello carole, thanks for your comment. It is great to hear encouragment like that.
Over the Cubicle, I am starting to stress about Christmas shopping now. I was going to be so prepared this year. Now I feel even more unorganised. I might as well send cash!
Dave, I suppose I have some odd reasons for disliking banks and tellers. 1)banks get robbed so I don't feel safe there. 2)when I see or hear tellers act in an unprofessional manner I don't trust them. 3)I hate waiting in line. 4)they never seem to be open when I want them to be.
I've only had my account messed up once and it was from a human filling out a form. I suppose they are still good as backup.
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