DN Statistics

In standard banking, the person wishing to open an account physically goes to a banking establishment and deposits money to open an account. To withdraw or take back money, the person can go to the bank or its outlets. In adding more money or pay bills, the person does the same thing, unless this is a payroll or pension account. Payroll accounts are automatically, and regularly, credited at the end of a payroll period by the associated company that employs the owner of the account. In this case, the person is no longer required to be physically present. This is ideal for sailors, oil rig workers and other similar work.

With an online savings account provider, people such as these may pay bills, transfer money and even purchase gift items to loved ones from the internet. A “Cuentas De Ahorro online” account even allows housing purchases or repair. Payments for either of these are deducted regularly from the payroll credits made by the employer in behalf of the employee. Transactions, like checking deposits and associate payments or deductions, are done electronically, through the internet, at a digitally secure site. Only the person who owns the account can access the account through passwords.