Online and overseas banking faq

Q: How can i open up an account for overseas banking?

A: You can't easily open up an overseas bank account as there are several restrictions in doing so in various countries. Secondly, the fees will be too high. You can open up an online bank account for overseas with Scott-Trade, E-Trade, Schwab and more.


Q: Can anyone tell me if it is possible to borrow mortgage from overseas banking?

A: Yah, you can borrow the amount of mortgage through overseas but there are several conditions being applied for it. Also it will prove costly to you. Secondly, due to fluctuation of the currency exchange market rates regarding the interest rate charged for your mortgage repayment will also increase double or triple with time. So, Think about it and then go with further procedure.


Q: Is online banking safe and secure for doing various transactions?

A: Online banking is completely safe and secure. I also used online banking for more than five years and i had no problems about it since yet. Its also faster and you can easily get rid of paperwork. Also you can easily came to know of any type of mistakes during transactions.


Q: Can i cancel online banking after applying for it with my bank account?

A: When you open an account there is an option for it whether you want online banking or not and they will access it after your permission. But if you want to cancel your online banking then call the customer care first and apply for the cancellation then the bank will stop accessing your bank account online. But it does not mean that your bank account is closed. You can reactivate your free online banking service until you have your account opened.


Q: How do i signing up for my online banking account?

A: At first, you will have to send a request for online banking to your bank. Then they will send you a letter or email regarding your banking id and security password. Then you just have to visit the bank website and sign in there with your id and security password and then follow the instructions, your online banking is activated and then you can get complete details regarding your bank account.

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