Online Banking

Online banking

The purpose of online is banking is to make it more convenient for the customer to access all their bank details and to sort out any problems with their bank account also it allows them to see how much money they have in their account. To access your account online the bank will have a website where the customer can access their account and has a section on the website which will allow the customer to access their bank account and all the details. However with the online banking system not everything can be done online as certain transactions will not be allowed to be made over the internet but it does allow you to do most transactions over the internet. When you set up your account on the online banking system it is usually safe as long as don’t share any of the information with anyone else. Also another thing that you cannot do with your online banking account is to take money out of your account and also you cannot money back into your account as the main purpose of online baking is just to make sure that everything is ok with your bank account and to track purchases on your account.

Halifax

The purpose of Halifax online banking is to let you have a look at all payments that you have made and to let you have a look at any transfers of money that have been made. Also Halifax’s online banking lets you have a look at the purchases that you have made recently. So the purpose of Halifax is to let the customers have a look at their bank details online and to let them look at all the things to do with transactions they have made and all their bank details in case any details need to be changed.

The target audience of Halifax online banking service is the people that are already customers of Halifax and that have a bank account set up with Halifax, however the main age group that will be using it will be adults because children will not be old enough to access their own accounts so it will need to be their parents that sort everything out that is related to their bank accounts as they will probably not have access until they are the age of 18.

Halifax fulfils the purposes because the main purpose of Halifax is to let people access their bank account online at any time to view transactions that have been made and to let them change any details if needed.  So it fulfils its purpose as when you go to Halifax’s online banking there is somewhere that lets you login to your account where you can view all you bank account details so this means that Halifax fulfils its purpose.

The advantages of Halifax’s online banking service are:

·         View the recent transactions that you have made

·         View the money transfers that have been made in your account

·         Can receive different rewards

·         Access at any time of the day

·         You can use telephone banking

·         Easy to use

·         Secure as it requires a password to change any information or to access certain pieces of information

Lloyds TSB

The purpose of Lloyds TSB’s online banking service is to let the customers view their statements for purchases that they have made; also it lets you have a look at the purchases that you have made recently. So the purpose of Halifax is to let the customers have a look at their bank details online and to let them look at all the things to do with transactions they have made. Also the main purpose is to let you make transfers of money to other people and it also lets the customers pay any bills that need to be paid.

The target audience of Lloyds TSB online banking service is the people that are already customers of Halifax and that have a bank account set up with Lloyds TSB, however the main age group that will be using it will be adults because children will not be old enough to access their own accounts so it will need to be their parents that sort everything out that is related to their bank accounts as they will probably not have access until they are the age of 18.

Lloyds TSB fulfils the purposes because the main purpose of Lloyds TSB is to let people access their bank account online at any time to view transactions that have been made and to let the customers make transfers of money to other people and it also lets the customers pay any bills that need to be paid. So it fulfils the purpose because when you register you will be able to view the transactions that have been made recently and it will let the customers transfer some money to other people at any time.

The advantages of Lloyds TSB online banking service are:

·         View the recent transactions that have been made recently

·         To make money transfers to other bank accounts

·         To let you pay different bills

·         You can have texts to remind you of things related to your bank account

·         Easy to look track things to do with transactions

·         Easy to use

·         Can access your account at any time