The development of the Internet has provided banks and their customers with a welcome range of remote banking possibilities. Businesspeople, the housebound, and residents of remote localities are amongst the key beneficiaries from these opportunities to access banking services from the comfort of the home or office.

They say that necessity breeds ingenuity, and while the latest methods for conning people out of their hard-earned money could hardly be seen as the most brilliant of ideas, scammers seem to be getting away with it. According to a survey by the Consumer Federation of America (CFA), about one third of the adult American population has been approached by someone trying to pull off some type of fake check scam.

It's official. With about one-third of the population doing their financial transactions online, online banking has undoubtedly joined the mainstream. The widespread popularity of the internet, the growing usage of smart phones which are essential for more advanced banking transactions, and the ability to manage finances online with the onset of money management tools have contributed to the unprecedented rise of online banking, incorporating itself into the consciousness and lifestyle of the average consumer.
Online banking: the facts, the figures, and the trends