If you're like millions of other Americans, you utilize Internet banking for the convenience and ease of being able to bank from home -- or even on your smartphone. It's reported that each month, more than 44 million households pay at least one bill online, and that number is projected to increase to 55 million households by 2016 [source: Schwartz]. With most online banks being available 24 hours a day, the service is easily accessible, and when used correctly, online banking is safe and effective, too.
Technological advances and an increased demand for innovative online services have led to new developments in Internet banking, making it even more efficient. We all know that online banks make it possible to transfer money, pay bills and even check account balances, but do you know all the ways your online account can make managing your money an easier task? Here are five unexpected perks of online banking.