Online Banking

image
Online Banking Product.

Put your online banking knowledge to the test and see if you've fallen for one of these common myths. When’s the last time you made an appearance at a bank branch? With the latest digital technology, there’s almost no reason to step inside a physical bank: Nearly three-quarters of Americans bank primarily online or from their mobile device, according to the American Bankers Association. But you might still like the idea of having a checking account at a bank with a branch nearby.
Why? Maybe you think online banks aren’t as convenient as stopping by your neighborhood branch to get cash (free coffee aside), the perks aren’t as good as with traditional banks or that online banks aren’t insured. Actually, these are three of several big myths about online banking. Sometimes you have to spend more in the short term to save money in the long run. It can seem counterintuitive, but in certain cases, larger upfront costs can be justified by the savings they generate down the line.