How Do I Sign North Carolina Banking Word

Industry sign banking colorado word computer

open at night is it open on weekends when you might be most likely to do your banking business banks are doing a lot of things to make themselves more convenient in fact there's a whole new system that some banks are calling the ultimate in banking convenience it's known as electronic funds transfer and it could replace checking all together here's the way it works the bank has a computer terminal at a store or supermarket the consumer simply presents her card along with the bill for her purchases please by punching in a secret code and presto in an instant the bank's computer withdraws the money from her account and deposits it in the supermarkets in a fully electronic system people's salaries could be deposited in their bank accounts by computer and funds could be switched by computer to other accounts to pay debts and buy things it does look easy but the system is not without its risks imagine for example what a big computer error could do to this kind of account and there are other serious risks one is criminal access to electronic accounts another the potential for invasion of privacy with electronic banking all your personal financial movements would be laid out in one consolidated statement and unless there are very strict controls over who has access to that statement you could find that your most intimate financial dealings were available to people you didn't want them to be available to maybe they'll work the bugs out of electronic banking someday but right now we're using checks for nine out of every ten dollars worth of purchases and it looks like they're going to be around for quite a while you