UK online banking has been huge changes in recent times. Now you can bank online with pretty much all UK banks and building societies.

Credit Cards

Most credit card providers will give you internet access to your account. This is incredibly useful for keeping an eye on your account. You can see transactions before your monthly statement arrives and check your balance at any time. Check to see if your bank allows online access for your card. If not consider changing cards.

If you are going to switch, look at cashback credit cards. You can find up to date cashback credit cards here. It can pay you back thousands, and all you have to do is fill in the application form.

You will mostly find cashback rates are 0.5% to 1% (although you can get a limited offer of an amazing 5% at the moment with one of them - check the link above). So if you spend £100 on anything, and your card pays 1% cashback, you get £1 back. Not a fortune, but over the years it builds up. Especially when you always buy things on your credit card that you would otherwise pay for with cash or debit card.

So Should I Get a Cashback Card?

Only if you pay off your balance every month. If you carry over debt from month to month the interest charged will more than negate the cashback you earn. But if you do pay off your balance then interest free offers are useless to you, so grab a cashback card instead.

Current Accounts

The features you can get vary, but generally online current accounts provide all the daily transactions you would normally need your branch for.

You can transfer money to your savings in the middle of the night. Cancel a Direct Debit, check your balance, pending transactions. Some allow you to download your statements, and some can integrate with Microsoft Money or Quicken for a complete home banking experience. (You can find out which is the best current account here)

Savings Accounts

An important note about savings accounts. In the world of online banking it is no effort to hold accounts with different banks and move money between them. So don't just accept the low interest savings account your current bank offers. The interest rate could be ten times better elsewhere. For the best savings account in UK check here.

In Conclusion

Personal finance will only continue to expand online, especially as levels of security and consumer confidence grows. We get cheaper products, plus services we can access at our own convenience. It may at times lack the personal touch, but it's definitely here to stay.