Path: utzoo!utgpu!jarvis.csri.toronto.edu!mailrus!csd4.milw.wisc.edu!bionet!agate!pasteur!ucbvax!TAURUS.BITNET!zifrony From: zifrony@TAURUS.BITNET Newsgroups: comp.society.futures Subject: Re: Electronic Banking Message-ID: <8905020933.AA03502@s4.Tau.Ac.IL> Date: 2 May 89 09:33:01 GMT Sender: daemon@ucbvax.BERKELEY.EDU Reply-To: Organization: The Internet Lines: 58 In his letter from May 1-st (Laborers day), Jeff Bowles discussed electronic banking in the US. He mentioned the systems allowing you to log in and perform several transactions types from your home PC. I want to make people aware that here in Israel the electronic banking is quite advanced. Between the ATM machines, the special terminals located in the bank branches and the remote electronic banking (You use a home based PC to contact the bank services), the non-businessman (an employee in an office, etc.) need rarley stand in line to approach a live teller. I do not own a PC, so I am not sure about the services granted to the people choosing to contact the electronic banking services from their home, but I use the ATM machines and the bank-located terminals daily, and the following services are provided by these machines: 1. Check you balance. 2. Check your bonds and stocks status, including their stockmarket value as of a day back. 3. Check your short term saving accounts, including ammortized value. 4. Check your long term saving accounts status. 5. Check your foreign currency account balance including its value in the local currency. 6. Invest in trusts. 7. Transfer money to/from a short term saving account. 8. With each of these requests, you receive a printout of many automatic transactions, such as the list of all your purchases using a credit card during the last month. 9. Money withdrawl. 10. Checks deposit 11. Check book order. and more. We also have an arrangement, called "permanent order" for automatic transfer of funds from your account each time period (usually once every two months) to cover your electricity bill, insurance pays, telephone bill, taxes, etc. The reason for these advanced services is the competition between our banks, which try to improve service to persuade people to open accounts. -- Doron Zifrony E-mail: BITNET: zifrony@taurus.bitnet Msc. Student INTERNET: zifrony@Math.Tau.Ac.IL Dept. of CS ARPA: zifrony%taurus.bitnet@cunyvm.cuny.edu Tel Aviv Univ. UUCP: ...!uunet!mcvax!humus!taurus!zifrony Israel CSNET: zifrony%taurus.bitnet%cunyvm.cuny.edu@ csnet-relay -- Disclaimer: I DON'T represent Tel Aviv University. The opinions hereby expressed are solely my own.