Then they can download their latest banking data directly into their software. But this method forces users to do their banking on the computer where their banking software is installed. However, the Web-based services make it more difficult to keep permanent records of your data. Users must download a file containing the data, then import it into a home-finance program. For those who want an easy way to keep accurate records, it's simpler to bank directly through their finance software.
Many banks provide basic on-line services free of charge.
You can log on to verify account balances or see if a check has cleared. But for many users, it's being able to pay bills on-line that makes computer banking worthwhile. Banks generally charge service fees for on-line bill payment, though they will often make an exception for those with large amounts on deposit. Customers who use a bank's own Web-based banking system often pay less than those who use software like Quicken. That's because it costs the bank more money to process checks through the Intuit network.