Internet banks?

Question

Do you use one for checking and/or savings? What are the benefits and drawbacks of your bank? Of internet banking in general?

Answer 1

I have extensive experience with Internet banks. I used wingspan.com until BankOne shut it down. Then I switched to NetBank in 2001. I have been relatively happy with NetBank for my regular checking and savings accounts.

Subsequently, I opened accounts with ING Direct and later HSBC Direct for funds that I wanted to keep readily available on a few days' notice. I like the ING Direct website better, but HSBC Direct has a much better interest rate. I have had HSBC Direct since November 2005 and ING Direct since November 2004.

Benefits of NetBank: relatively low minimum to avoid fees, free Bill Pay service, competitive interest rates, functional and competent web site, excellent phone support.

Drawbacks of NetBank: Won't accept 3rd party checks or credit card checks for deposit, somewhat limited ATM network, web site goes down for maintenance on Sunday nights at midnight Eastern time for a couple of hours.

Overall, I give NetBank a "9" out of 10, and I am not comtemplating switching.

Answer 2

use the internet banks not only saving ur money even save ur time , tiredness and energy and u do not to stand for long queue by the time u wait there u can do alot of things if u via through the internet u can access and do anything any time and no closing time work for 24 hours .

Answer 3

I use president's choice. I'm happy that I pay no fees... they even give me free cheques. I'm not so happy when I get the urge to speak with a real person... but that doesn't happen too often. I really think you need to "get used to" internet banks. Overall, I'm happy with them.

Answer 4

One of the best innovation in our time like Hand Phone..

Answer 5

I do not do internet banking...