https://padlet.com/rebeccarodley/Online_Banking By: Rebecca Rodley en-us 2020-10-26 21:44:24 UTC 2025-11-14 04:19:15 UTC hello@padlet.com https://padlet.net/icons/png/1f4b8.png rebeccarodley https://padlet.com/rebeccarodley/Online_Banking/wish/863717235 With significant advancements in technology, more and more services are being offered through electronic or online methods. Banking is no exception! This board focuses on the advantages, disadvantages, and safety precautions to be aware of when it comes to online banking. I hope this information will be both helpful and informative. Happy reading! ]]> 2020-10-26 21:49:54 UTC https://padlet.com/rebeccarodley/Online_Banking/wish/863717235 rebeccarodley https://padlet.com/rebeccarodley/Online_Banking/wish/863719277 This video titled "How to Bank Safely Online" provides some tips and tricks for utilizing online banking services in a safe and secure way. It breaks down common password mistakes and recommends simple ways to ensure your confidential information is protected.

I chose to include this video because I found it breaks down these online banking security concepts in a straight-forward and helpful manner. This video provides tips that we could all utilize in ensuring our financial information is not easily targeted and accessed by hackers. A piece of information I found helpful is the advice to refrain from accessing your online banking on public wifi, as it can potentially lead to hackers accessing your personal information.]]> 2020-10-26 21:51:01 UTC https://padlet.com/rebeccarodley/Online_Banking/wish/863719277 rebeccarodley https://padlet.com/rebeccarodley/Online_Banking/wish/863719465 This video titled "How Canadians Bank" was created by the Canadian Bankers Association and provides both statistical and general information regarding how most Canadians utilize banking tools to perform their banking needs. It breaks down online banking usage by different generations and provides statistics about the percentage of online bank users who feel safe and confident using these online services.

I chose to include this video because I felt it provided a really beneficial breakdown of how Canadians view online banking and services offered through electronic means. I found the use of statistics to be educational and a great way to simplify difficult information. This video demonstrates that the younger generations rely more heavily on technology and as a result, the banking industry has adapted various services to meet the advancements in technology. I found it interesting to see that approximately 76% of Canadians use electronic banking.]]> 2020-10-26 21:51:06 UTC https://padlet.com/rebeccarodley/Online_Banking/wish/863719465 rebeccarodley https://padlet.com/rebeccarodley/Online_Banking/wish/863719568 This video titled "How Canada's online banking platforms rank on customer experience", is an interview with Glenn LaCoste, the president and CEO at Surviscor. In this interview he provides information about a study his company performed to determine how various Canadian banks rank based on the experience of customers using their online banking services. 

I chose to include this video because it provides context to see how and why certain online banking features receive higher satisfaction ratings from customers. He provides an interesting perspective on why features of certain banks receive a more positive response from customers, and why other banks struggle to make their way up from the bottom of the online banking rankings. I was interested to see that RBC has maintained the highest ranking on the list for a second year in a row. Other banks that try to change their online banking platforms too suddenly, sometimes find they receive negative results in response.]]> 2020-10-26 21:51:09 UTC https://padlet.com/rebeccarodley/Online_Banking/wish/863719568 rebeccarodley https://padlet.com/rebeccarodley/Online_Banking/wish/863719811 This video titled "The Benefits of Online Banking" discusses what online banking is, what it can be used for, and why it is beneficial. It breaks down how you can utilize online banking to make the banking process easier.

I chose this video because while it may not specifically be produced by a Canadian bank, it provides a really great foundation for understanding what online banking is and why it is so valuable. A piece of information I found useful was how it explained that using online banking helps you to save time, money, and even helps you de-clutter your life with less papers.]]> 2020-10-26 21:51:18 UTC https://padlet.com/rebeccarodley/Online_Banking/wish/863719811 rebeccarodley https://padlet.com/rebeccarodley/Online_Banking/wish/863720264 This website discusses four simple ways we can protect ourselves while doing our banking online and breaks down the steps in a way that is informative and easy to understand. The four steps it covers are protecting your device, choosing a secure password, making sure not to disclose any personal information, and checking in with your bank regularly, especially if something seems wrong.

I chose to include this website because I feel that these reminders are very important for anyone using an online service, especially banking. With the many different scam and fraud schemes out there, we all need to be proactive in ensuring we are doing our part in keeping our information safe and secure. A piece of information I found useful is their recommendation on how to strategically create a password formula that is both difficult for hackers to figure out and is also easy for the user to keep track of.]]> 2020-10-26 21:51:32 UTC https://padlet.com/rebeccarodley/Online_Banking/wish/863720264 rebeccarodley https://padlet.com/rebeccarodley/Online_Banking/wish/863720367 This website provides a thorough breakdown of the advantages and disadvantages of using online banks, as opposed to brick-and-mortar banks. Additionally, it provides information on the features of some of the top online banks in Canada and why someone might consider one of these banks over other traditional banks.

I chose to include this website because it is an excellent reference when considering your banking options and deciding whether online banking is the right choice for you. Something I found to be informative is that several online banks offer high interest savings and low fees. There are even banks that I had never heard of that offer competitive online services and are worth pursuing if someone is looking to lessen their banking fees and save more money with high interest savings accounts.]]> 2020-10-26 21:51:35 UTC https://padlet.com/rebeccarodley/Online_Banking/wish/863720367 rebeccarodley https://padlet.com/rebeccarodley/Online_Banking/wish/863720495 This website provides a full description and breakdown of what online banking is and the importance of online services as we continue to advance technologically. It discusses what makes online banking so beneficial and also provides information about what you should consider when you are choosing an online bank.  

I chose to include this website because it provides essential information and introduces the concepts of online banking and online banks in a clear and stream-lined manner. A piece of information that I found useful was the breakdown of various online bank options. The top overall online bank is listed as Tangerine, a bank I personally had never even heard of prior to my research on this topic.]]> 2020-10-26 21:51:39 UTC https://padlet.com/rebeccarodley/Online_Banking/wish/863720495 rebeccarodley https://padlet.com/rebeccarodley/Online_Banking/wish/863720623 This website is a Financial Post article that I felt was very interesting and also extremely relevant given our current world circumstances. It discusses the effects of the COVID-19 pandemic on the banking industry, specifically how the pandemic has caused many banks to have to accelerate their electronic banking options in order to meet the needs of their customers. 

I chose to include this website because it provides a real world reference as to the effect of the COVID-19 pandemic on online banking. A piece of information that I found useful is that many different services are now being offered through online means by more banks, making it easier to access your banking information in a safe and reliable way. Most banks were working to make online banking services available, however they had to expedite this process due to the need for social distancing and lessened face-to-face interactions.]]> 2020-10-26 21:51:42 UTC https://padlet.com/rebeccarodley/Online_Banking/wish/863720623 rebeccarodley https://padlet.com/rebeccarodley/Online_Banking/wish/863722544 This image illustrates some of the many benefits of using online banking.

I chose this image because I think it shows that there are many advantages of banking online, including transferring funds electronically, depositing cheques easily using your mobile device instead of going into a bank, and even opening bank accounts from your online account.]]> 2020-10-26 21:52:48 UTC https://padlet.com/rebeccarodley/Online_Banking/wish/863722544 rebeccarodley https://padlet.com/rebeccarodley/Online_Banking/wish/863722800 This image illustrates the rise in online banking usage in the years from 2012 through to 2016. 

I chose this image because I thought it was an interesting representation of how popular online banking has become and was even in 2016. This image also shows the beginning of the growth of mobile banking. When an updated study is released, it will be interesting to see if this graph changes significantly with the younger generation relying even more heavily on technology.]]> 2020-10-26 21:52:57 UTC https://padlet.com/rebeccarodley/Online_Banking/wish/863722800 rebeccarodley https://padlet.com/rebeccarodley/Online_Banking/wish/863723225 1) What did you learn about your topic that surprised you the most?
The information I learned about online banking that surprised me the most is that there are many people who are still very hesitant to use online banking. During my research, many of the sources suggested that online banking can actually be safer than traditional banking. I can understand the concern with using an online platform considering the risk of hackers or scams, but I think learning how to protect yourself and doing research on what scams to watch for could help to alleviate those concerns.
2) Provide a real-life example of how this topic is relevant or interesting for you.
Online banking is relevant for me because I perform all of my banking in an online format. The bank I use is actually an online only bank, so I have become very well accustomed to using online platforms to complete many financial tasks. I think it is important for myself and everyone else to gain a better understanding of the flexible options available when using online or mobile banking.
3) If you could pass on your knowledge to a family member or friend, what do you think is the most important thing to pass on?
If I could pass the knowledge I have gained on to a family member or friend, I think the most important thing I would pass on is the information I have learned about protecting yourself online. Throughout my research on this topic, I have discovered how simple it can be for someone to gain access to your financial information. I would recommend that my family member or friend follow the four steps outlined by the Canadian Bankers Association, especially making sure to create a secure password and regularly checking your financial statements for suspicious activity. ]]> 2020-10-26 21:53:13 UTC https://padlet.com/rebeccarodley/Online_Banking/wish/863723225