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Online banking is ideal for people that are busy or constantly on the go. It provides 24 hour service, therefore you can have access to your account from your smartphone, your office, at home, etc. any time of the day. Online banks are also not obligated to fund an actual bank location or staff, so there are no fees attached and interest rates are usually higher. Not to mention, banking online is extremely green, as it eliminates the excessive waste of paper (deposit slips, statements). Finally, using an online bank is convenient in that it allows automated bill paying, direct deposit and transfers, making all of the aforementioned processes fast and simple.

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Q: What are the benefits of using an online bank?
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