Skip to main content
About Us |
resource center |
Contact Us |
We are pleased to present below all posts tagged with 'online banking'. If you still can't find what you are looking for, try using the search box.
As a community bank, Rhinebeck Bank can offer many of the same products, services, and technological capabilities that the larger banks, credit unions and online entities provide their customers.
Do you think the dawn of technology is replacing human interaction? Whether we use social media, internet chat rooms or other services or tools, online technology is now a part of most of our daily lives. While this technology has created convenience and efficiency, there are still some human activities that digital services will never compete with, such as person-to-person banking.
When it comes to how people prefer to use, or not use, the latest banking technology, there are well-worn stereotypes out there based on your age and what generation label comes with that age. For example, seniors (i.e.: the “Greatest Generation” - born in the early 20th Century) avoid technology and prefers going to their local bank branch to conduct transactions or for advice. Baby Boomers are willing to try technology, but still prefer to use branches when possible. Generation X is rather tech-savvy – they enjoy the convenience of online banking, for example. Millennials and “Gen Z”, who were born into a world of instant access and on-the-go information (courtesy of smartphones), prefer banks that have a robust mobile app over having to conduct business via a bank branch.
The internet can be a great asset, but can also leave you vulnerable to identify theft, fraud, and other scams. It is important to always be aware of the ways to be safe and secure online, and we have five quick, easy tips that are essential to follow and can make all the difference!
What’s your spending preference, cash or debit card? There are positives to using both:
With a debit card, there is the convenience of having transaction records that are tied to your checking account. Your bank can provide these to you through electronic statements (estatements) paper statements, or online banking. (Find information on our services here: online banking). You can always make mental notes who and where you pay with cash or maintain your own transaction records, but your bank will only have record of your initial cash withdrawal. For those who like to have electronic history of their purchases without the hassle of balancing a checkbook, debit cards can be the way to go. It’s also worth noting that debit cards are essential for online purchases, such as booking a flight or hotel reservation. Furthermore, debit cards give spenders the purchasing ability without carrying around cash or change, which can be bulky in a wallet. Some spenders prefer to never visit the ATM and use their debit card for nearly all purchases.
Do you remember the days of going to the bank with your paycheck, standing in line for a teller, making your deposit, getting some cash back, and asking for the balance in your accounts? After leaving, you remembered you needed to pay your car loan, so you trek back into the bank, ask for a blank check (because you forgot your checkbook), ask for your loan number, write the check, and then give the check to the teller.
In a previous blog I wrote I asked the question, "will brank branches disappear?" In that blog I made the following statement:
“As a local Community Bank, we see the importance of locations where our customers can conduct business with a financial professional, whether it is a simple cash transaction with a teller or a complex transaction where a face to face meeting with a Banker would be helpful.”
Rhinebeck Bank recently issued new MasterCard® Debit cards with new “Chip” technology. These cards are also referred to as EMV Cards, for the original developers Europay, MasterCard® & Visa®.
EMV began to be used extensively in Europe in the early 1990s. In 2011 the leading payment networks in the U. S. announced plans to transition to EMV technology, for both Debit and Credit Cards, by October 1, 2015. On that date liability for fraudulent transactions shifted to any entity that had not implemented the new EMV technology. Due to the expense involved in purchasing new terminals and issuing new cards many merchants and banks did not make the change by the target date of October 1, 2015. This, however, did not affect customer’s ability to use their cards, nor did it affect the consumer’s rights under regulations and network rules regarding liability for fraudulent transactions.
The first Automated Teller Machine (“ATM”) in the U.S. opened in New York City on September 2, 1969.This original ATM was designed to dispense cash when a valid plastic card was used. By the 1980’s ATMs became widespread, handling many transactions that human bank tellers could perform. ATMs went on to revolutionize the banking industry.
USA Patriot Act
®2019 Rhinebeck Bank. All rights reserved.