Survey: Online Banking vs. Brick and Mortar
To go along with the introduction of our Internet Bank search filter, which lets you filter your search to find banks that only offer traditional banking locations, we've decided to compare consumer preference for online banking with that of traditional branch-based banking, and to try and determine what it takes to convince someone to take their banking online.
How Secure is Your Internet Bank Website?
The development and increasing popularity of online banking has been one of the most noteworthy phenomenons in the world of personal finance over the past fifteen years.
ABA Survey: Consumers Prefer Online Banking
Last week the American Bankers Association (ABA) released their newest survey that shows shift in consumer preference away from visiting bank branches.
Bank of America to begin Eliminating Wire Transfers from Branches for Online Alternative
There has been a number of reports that Bank of America is beginning to shift to a larger digital presence - starting with the closing of 10% of it's branches due to the increase in online/mobile banking.
Mobile Apps Cause Bank of America Branch Closings
Only a short while ago Bank of America was furiously building branches at every possible corner, and now there is news that the bank is going to make cuts on about 10% of its 6,100 branches. So what’s sparking this curtail of branches?
Survey Says: Customers Happy with Online Banking
It appears that despite mortgage troubles and skyrocketing credit card rates, surprisingly enough, customers are not totally immune to the so-called "charms" of the banking industry. The banks' most potent weapon? Online banking.
Online Banking Goes Mainstream
It's official. With about one-third of the population doing their financial transactions online, online banking has undoubtedly joined the mainstream. The widespread popularity of the internet, the growing usage of smart phones which are essential for more advanced banking transactions, and the ability to manage finances online with the onset of money management tools have contributed to the unprecedented rise of online banking, incorporating itself into the consciousness and lifestyle of the average consumer. Online banking: the facts, the figures, and the trends
Making the Most of Your Money through Online Banking
The word is out: online banking is in. Online banking has gained widespread usage over the years with the ubiquity of the internet, allowing the average consumer to find out for himself just how much more convenient banking could be with the onset of this time-saving, paperless manner of transacting with one’s bank.
Other than seeing your favorite teller’s welcoming smile across the counter, more individuals have found fewer reasons to stick with traditional banking as online banks have also taken longer leaps in making internet banking, as it is also called, a simpler, more expedient option to managing one’s finances.
Online Financial Finds for the Holiday Season
As the year draws to a close, it's the season for diminishing returns when it comes to your interest-bearing accounts. As a result, we've made a list of some up-and-coming online offerings that will keep you from dwelling on the dreary economic climate. Our findings may not qualify as a cup of financial cheer, but they sure beat a lump of coal in your stock(ing) portfolio Internet-Only Banks: High APYs on Interest Bearing Checking and Savings Accounts In general, online account interest rates are higher than their brick-and-mortar counterparts, especially for interest bearing checking and savings accounts. In many cases, the rates offered by a standalone Internet-only bank are even higher. A recent online study done found that for interest-bearing checking accounts, online banks pay an average of 2.06% interest, while the physical bank branches only pay an average of 0.24% interest. The result? Americans are increasingly opting in when it comes to online banking. According to NetBanker.com, 64 million U.S. households will either be banking online or using online bill pay by 2012.
Choosing the Right Bank for Your Needs
When you’re shopping for a new bank make sure you understand a few things before stepping into the bank around the corner from your home. You should consider whether you are willing to pay higher fees for the convenience of the location, or if you are willing to make a little extra travel effort for lower fees. The first thing is to evaluate your banking needs. Here is a quick checklist of things to consider:
