• Online banks are just as safe as brick-and-mortar banks, and you may like them if you're comfortable banking digitally

    3 days ago - By Business Insider

    Summary List Placement
    An online bank is an institution that operates mostly or solely online.
    Your money is safe at an online bank as long as the company is federally insured by the FDIC.
    Online banks don't have as many overhead expenses as traditional banks, so they can afford to pay higher rates and charge lower fees.
    Depositing cash at online banks can be tricky, but most institutions do let you deposit paper checks digitally.
    See Business Insider's picks for the best online banks »
    Table of Contents: Masthead Sticky What is online banking?
    Online banks are institutions that work...
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