What is online banking?
Online banking , also called internet banking, is a system that allows you to access traditional banking features entirely online or through a mobile app. You can open checking and savings accounts, pay bills, deposit checks, move money, and more – all online, without ever setting foot in a physical bank branch.
Internet banking, also known as online banking, has become a popular way to manage your money. With an online bank account, you can do all your banking from the comfort of your couch.
Online banking offers more than just convenience. Some of the top perks of internet banking include higher interest rates and lower fees.
But brick-and-mortar (that is, in-person) banks still make sense for some consumers. Choosing between in-person and internet banking is a key decision on your journey to leveling up your personal finance.
So what are the pros and cons of online banking, and is it the right move for you? Let’s dive in.
