Banks should be insured by FDIC, and Credit Unions by NCUA. Your money is safe. If they are insured, your online banking from that banks web portal is safe. They have to comply with the rules and regulations of online banking.Is banking online free?
The great thing about online banks is that not only are their checking accounts free , but many of them even pay interest. For those that pay interest, online banks can generally beat traditional financial institutions big or small with higher rates because of lower costs.What is an online banking?
Online banking, also known as internet banking, is an electronic payment system that enables customers of a bank or other financial institution to conduct a range of financial transactions through the financial institution's website.What is online banking only?
Online banking is the practice of paying bills or making other bank transactions through the internet. Online banking services are increasingly being accessed on portable devices. Some online-only banks say they can keep rates low and offer better interest earnings than conventional banks because they have less overhead.