2007-04-30 01:01:11 · 6 answers · asked by genee 1 in Business & Finance ➔ Personal Finance
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2007-04-30 01:03:51 · answer #1 · answered by Da Man 3 · 0⤊ 1⤋
If you are talking about using an online bank here is my answer:
I've been using online banks since 2000 because of the higher interest rates I get on my checking and savings accounts. Since almost all my deposits are made electronically I don't have to worry about sending off checks to deposit in the mail.
The positives for an online bank are the high interest rates and ease of setting up bill pay.
The negatives would be making deposits since your bank is usually nowhere near where you live. The solution to that is to set up an account locally that charges you no fees, make your physical deposits there, then do an Automated Clearinghouse (ACH) transaction and transfer the funds from your local account to your online banking account.
Here are some online banks that I use:
Everbank - http://www.everbank.com - (I use this for checking)
ING Direct - http://www.ingdirect.com - (I use this for savings....note ING Direct just started a totally online checking account....meaning with absolutely no physical checks.....which looks interesting.)
2007-04-30 08:24:43 · answer #2 · answered by lilnev2000 2 · 1⤊ 0⤋
If your goal is maximum convenience, I suggest using a bank with a branch close to home or work that has on line bill pay capabilities. Almost every large U.S. bank should provide these capabilities. As for what I like about online check paying: no stamps, no writing addresses and best of all....no licking the envelope. I highly recommend paying checks online with a branch close by in the event you have to correct an error.
2007-04-30 13:18:04 · answer #3 · answered by Wayward Count 1 · 1⤊ 0⤋
What's not to like. I can pay bills online and save time, stamps, set up the payment weeks in advance to go out the day it is due, and transfer funds between the bill paying account and higher interest accounts.
Only thing that I can't do online is deposit checks, and some banks are even letting you do that with a special scanner.
2007-04-30 08:18:26 · answer #4 · answered by open4one 7 · 1⤊ 0⤋
Well, I use my bank's online service.
I bank at Washington Mutual.
I like it a lot and everytime I have problems I just drive down to my local bank.
The only thing I don't like is they charge for phone transactions.
2007-04-30 08:36:47 · answer #5 · answered by Geeeyaaa 4 · 1⤊ 0⤋
Yes I have tried and its not for me really. I don't transfer or pay bills online. I won't ever either. Too much hacking into the computers and stealing of info.
2007-05-02 14:32:05 · answer #6 · answered by Pepper 6 · 1⤊ 0⤋