How To Set Up Your On-line Money Banking In Two Steps

These days, with more and more people getting on line to sell and promote blogs, businesses and products, there is a greater need to have a well established money management platform to cater to transactions on line.

If you intend to make money online, you need to start with a few basics:
- credit card
- paypal account
- reliable and trusted internet banking service

I cannot help you with the third one as it depends on the country you are residing in. But make sure, you are able to access to your banking statements and accounts on- line wherever you are. Some banks appear to be quite sophisticated in their services but in reality the staff is not trained to handle requests with regard to internet banking.

To test whether the staff or banking personnels are equipped with the knowledge of doing such banking transactions, you can simply ask an officer to explain the mechanics of how you may get to view and make transactions on-line. This may take you between 15-30 minutes but it is very important. When you travel, you do not want to get caught in a banking system that cannot serve you on demand. If the staff just hand out a brochure and expects you to read and understand, walk out and leave. Do not try a new bank just for the sake of it. Your money is not a laundry item, you need to get it right the first time.

One of the tools used by banking on line is the one time login password which is given to you to your mobile phone. This is better than the dongle which some banks give you and chargeable when you lose it. I have tried both, and certainly the bank that gives you a one time password through sms on your phone is still the best.


When you have a credit card, only then can you set up a Paypal account that can be linked your account to your credit card. The benefits of the paypal account is that you only need to give merchants your paypal account link and therefore other information will be kept confidential.


If you decide to promote products on line, you can also receive your affiliate commissions through your paypal account. One such example is Make money online with OfferForge!. It is very nifty, safe and clear. What I like about Offerforge is that the management team can be contacted easily; skyname and addresses are even given on their website. It is transparent.

So 2 steps to get started on making money online:
- Credit card with a banking service that has reliable internet banking system (use a trusted banking service)
- Set up a Paypal account. When you first set-up your paypal account, you will be charge SGD$3.00 or USD equivalent which will be refunded to your account, after it is cleared. So don't worry.