Certainly personal finance software is one of the best benefits of having a home computer, and banks that allow PC banking provide a real benefit to the consumer. Banks that allow bill-paying online at no charge are especially helpful to consumers. The software for Citibank online banking is free, and it is available for both Windows and Macintosh versions. The software allows the consumer to check account balances, transfer money between accounts, pay bills, and order travelers checks. It also allows the consumer to import account information to other financial packages such as Quicken or Managing Your Money.
Bill paying is the most useful of all the PC banking options.
Citibank processes the payments by mailing a Citibank cashier's check issued in your name, initiating an electronic funds transfer, or by issuing a consolidated check to a payee that receives a large number of payments from different Citibank customers. Anything can happen with PC banking transfers, but the odds of a crime happening are so minuscule that they justify the time and money savings of PC banking. Further, anything can happen with any credit card transaction. There is a public perception that passing a credit card around at a restaurant or mall is safe, while passing the credit card number around computer networks is unsafe. In short, it is much safer using the card on the computer than in person.