Last week report of ForeSee has revealed that US customers are very disappointed with banks due to new mortgage lending standards, lowering interest rates, paring back home-equity and credit-card lines. But at the same time survey shows that online banking acquires more and more popularity.

Bcoz of the Online Banking, now everything is on the finger tip.

I have found that Online banks are just as secure, being FDIC insured, and have quite a better rate for certificates of deposit. Check out Bankrate.com. The online banks pay usually 1% or so more interest per year on CDs.

Internet banking equals lower overheads which means higher rates for investors.

Well friends i don't have much knowledge in this field but it sounds great to me. I liked the information shared by others. Thanks for it.

I think internet banking is popular bcoz of the following advantage:

• You don't have to go to your bank to request a financial statement.
• You can reschedule your future payments from your bank account while sitting thousands of miles away.
• You can electronically transfer money from your bank accounts or receive money in your bank accounts within seconds.
• You can apply for a loan without visiting the bank.
• You can buy or sell stocks and other securities.
• You can open new accounts and also close old accounts without doing tedious paperwork.

Thanks.

I think there is more risk with online banking as hackers/scammers are getting more professional to steal your password, etc, so it is not suitable for those who are not that computer-saavy.

Online banking is much better since you save on time, transportation fees and you don't have to wait long lines.