What is an Online Bank?
Many people are finding the ease and convenience of online banking to be very attractive. In response to its popularity, many standard banks which you can visit in your local town, offer online banking to customers. This gives customers the ability to see automatic changes in their account, pay bills online, and view bank statements any time of the day or night. A slightly different version of online banking is the online bank, a bank that exists specifically without physical location in your area. In other words, you do your banking all online without having a local branch to visit. Some people find the online bank attractive because of the savings accounts they offer. Many have savings or interest bearing accounts with slightly higher returns than those offered through the standard “branch” bank. It can be a little more challenging to get money into an online bank. You may need to have an account at a branch bank, where you deposit money, prior to transferring it to a bank account on
