Home banking is a homebased entrepreneur's dream come true. Twenty-four hours a day, seven days a week, you can check balances, transfer money between accounts, see what checks have cleared and monitor corporate credit cards from your office.
"When running a homebased business, you may find yourself working at 11 o'clock at night and wanting to check balances," says John Hall of the American Bankers Association. "With home banking, you can."
New services are always on the horizon. "The killer application in PC-based banking will be when the machine can spit out cash through your home PC like an ATM," says Hall.
If you're considering home banking, shop around for the best deal. Some small and big banks--including Bank of America and Wells Fargo--offer free use of home banking services in combination with other accounts. Some offer it free with minimum balances; others offer free software but charge a monthly fee. Look for the package that works best for you.