It’s time to take control of your banking. It’s no longer necessary for you to make another trip to the bank during your busy day. Online banking can give you all the benefits of traditional banking and more.
Make Things Easy
There’s nothing worse than having to spend your lunch break in line at the bank because they don’t have hours that fit your schedule. That’s just one example of why signing up for an online banking account can make your life easier. Modern online accounts can also easily connect you with your landlord to pay rent or with your best friend to pay them back for buying you dinner. Another often overlooked perk of having an online banking is the fact that you don’t have to switch banks no matter where you move. Online banks are with you no matter where you go.
Let Your Money Make Money
Nontraditional companies are rapidly joining the online banking marketplace. From Cell phone companies to stock trading app development companies- the online banking marketplace is greatly expanding. These companies can provide you with simple, but impressive benefits because of their lack of traditional overhead. For example, Robinhood has recently launched a “banking account” that offers up to 1.8% APY on unused funds. T-Mobile also announced its intention of launching an online banking account that offers up to 4% APY with special terms.
Get Rewards You’ll Use
Many cards provide you with new redeemable rewards each week, month or quarter. When it comes to online banking, you are in high demand. That’s why banks develop partnerships with all types of retailers to pass the rewards on to you. The great thing about these rewards is that they’re often for places that you’d regularly shop anyway. They feature deals from companies like Airbnb, Five Guys, Staples, Nordstrom Rack, Advanced Auto Parts and dozens of others.
Transfer Money With Security
Online banking easily sets you up with the ability to transfer money cost-free. Zelle is an online service that’s joined up with multiple banks to securely transfer money to people and businesses alike. This is the first time you’ve had the ability to pay multiple types of sources from one app and from anywhere in the world. Secure money transfers have long been one of the main staples of traditional brick and mortar banks. But now they’re not the only ones able to offer this concrete feeling.
It’s Not All Sunshine
If you prefer having a person to have a live conversation with when banking, online banking doesn’t provide that. However online banking does provide a multitude of other ways to have your questions answered. Frequently their extensive FAQ sections will answer questions you didn’t even know you had.
If you’re a person who gets mostly paid in cash online banking accounts can be a bit of a hassle. ATM’s can be difficult to find- making traditional cash deposits difficult. Also, if you need cash in a quick pinch, you’re limited to paying fees from other banks ATM’s, or getting cash back from other retailers.