Now Closed
UseMyFunds has closed its virtual doors.
UseMyBank is an online payment method that uses online banking. It is available worldwide and is claimed to be fast and secure.
Launched in 2002 in Canada, the service has been occupied with providing payment solutions to customers across the world. The method offers the opportunity for users to shop online without having to share personal information with merchants or other users.
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How it works
Consumers can use UseMyBank to pay for services and goods on the Internet, the money deducted directly from their bank accounts. Normally, the transaction takes a little while.
Specifications
No credit card is needed to use UseMyBank services. UseMyBank is accepted globally from banks all over the world.
Registration on the site as well as making payments with UseMyBank is free of charge. In fact, when you make money transaction to buy an item, it is usually the recipient that pays a fee.
UseMyBank offers 24/7 support.
Creating account / purchasing card
Visit the official website of UseMyBank to create an account. It only takes a few seconds to register. Go to “Sign up” section and follow the steps. Personal details are required. UseMyBank asks for your name, contact telephone, a valid email address and date of birth. When you fill in all the information, click “Send your registration” and you are almost done. The last step is to choose your online bank payment.
Next, you need to verify your email address and phone number. An automated phone call will follow. You need to say your name. As a result, you will receive a 4-digit PIN. Sign in using your bank card number or your online personal ID. You are now ready to use UseMyBank services.
Your UseMyBank account is further on considered an online banking account that allows you to buy stuff from online stores without using credit cards.
Making a payment with UseMyBank
There are two options for payments using UseMyBank:
UseMyFunds: payments are processed in real time. At the merchant’s shop when you pick up a product, choose UseMyBank as your payment method. You are then going to be redirected to the official UseMyBank page. You need to log in to finish the payment. Fill in your online personal ID or bank card number to access your profile. Choose which bank account to use. And you are done!
UseMyCard: this is a virtual prepaid card that allows you to make transactions. You pay like you normally do with credit cards, only this one is virtual.
Withdrawing money with UseMyBank
Since the money to your UseMyBank account is funded from your bank account, all you have to do is go to your bank and withdraw the money or use your debit card (if you have one) to get cash from any ATM machine.
Advantages of using UseMyBank
- Speed
- Security
- Convenience
- High degree of security and safety
- Plus, you don’t have to reveal your personal information online