Online Banking

Online Banking

Lloyds TSB:

• 4.9 million Lloyds TSB customers already using Internet Banking.
• View statements, your balance and recent transactions.
• Make transfers between your accounts, pay bills and make payments to other people.
• Register for text alerts.

Lloyds TSBs bank accounts give offers and insentives to students and people who are starting university. And most people who are in that age group usually have smart phones 3G which are perfectly capable of internet/mobile app banking, so in general, it's very helpful for active people who are 'on the go' and need quick simple service.
How to log on:
 1. Go to the login page and type in your 'User ID' and password. This is set up by you through the website or when you create your account. Your User ID is a serveral digit code.
2. Once step 1 is completed you are asked to give 3 different characters to your 'memorable information' code. Your memorable information code is a 6-15 character word including numbers chosen by you. E.g. If your code is ABCD1234 and it asks your for the 1st, 4th and 7th character you would type in AD3. Once you have done that you have logged in.

• " quick and secure way to manage your finances 24/7.
• You can view statements, check your balance, manage Direct Debits and standing orders, move money and make payments.
• Money Manager – a free tool that can track and categorise most of your spending, and help you save money.
• View, pay and manage your bills online with Bill Manager.
• Keep on top of your money with Mobile Banking.
• We guarantee to refund your money in the unlikely event you experience a fraud with your Internet Banking*. We use the latest online security measures to protect your money, your personal information and your privacy." - tp://www.lloydstsb.com/new_internet_banking.asp 

Barclays (Target audience unclear):

Barclays offer little information on how many people are using their online banking or any other potentially interesting quick facts.

How to log on:
1.Go to the login page and type in your surname and online membership number (A several digit number that is personal to you and different to your card number)
2. Once you have completed step 1 you will be directed to a different page where it will ask you for the last 4 digits of your card number and your 'Pinsentry' code. To aquire your pinsentry code you have to put your card into a small device that looks like a calculator that is given to you when you set up your account. Once the card is inserted you have to type your pin in and an 8digit code will come up on the device. That is your pinsetry code that you have to type in. Once thats typed in your logged into your account.

I strongly believe that online and phone banking will become increasingly popular over the next few years. Especially with students taking gap years or people who are out of the house and need to use the app to get some money or make a transaction. However, it will become more popular with people who can't get out the house as much due to illness or old age etc, because they will have the convenient abilty to do their banking (with a litttle help from a computer literate friend or family) to do transactions straight from their home computer.