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.

This is just a question. Is it safe to do your online banking if you have a wireless system in your home, or even if your at a starbucks or something ?

online bankin is much better cus we don't have to face the "donkey" face of the tellers kekekekeke yup yup thats what my friend told me that day kekekekeke but so far i have not met any bank teller with such "idiotic" disposition........... yup yup

When you are accessing your online bank, it is normally through a secure connection from where ever you are. Just make sure that when you are done with the session with the bank that you close out the browser so that it will delete the session information, especially if you are using an open network like at Starbucks.

Online Banking/ Internet banking is definitely growing in popularity. It provides convenience and I've found that even if a bank does have a brick & morter location, you can typically get better account offers when applying & opening an account with that same bank online i.e. no fees etc.

need high security
maybe with firewall system

I love my online bank - I just wish there was a better way to send paper checks to them so that I could get rid of my local bank completely - because I don't have any kind of credit products with my online bank, I can't take advantage of their deposit at home service, were you just scan the check in and send it to them over the computer. That means I have to deposit any paper checks I get at my local bank, wait for them to post and then transfer the money to my internet bank. Which is a hassle because my local bank has this new policy where they only make the first $100 available - you have to wait a day or two for the rest to post if it's an out of state check - even if it's a business check.

I do think that online banking is becoming more popular because people are realizing that it cuts down on a lot of paper - as well. I work for a ShoreBank - we have an online HYSA at 3.50% APY. Some details: $1 minimum, no monthly fees, online and phone customer support, FDIC insured. ShoreBank is enrolled in the idea of social responsibility and participates in green lending. For some stories of the good work we do, visit here: http://shorebankdirect.sbk.com/stories.asp

How do you go about depositing paper checks to ShoreBank direct? Would they have to be mailed in?