Online banking can offer convenience—and even added security. Our list of the best includes Internet-only outfits as well as brick-and-mortar banks. Here’s how to compare.
Five years ago, Greg Downing looked into online banking but balked at his bank’s $5 monthly fee to pay bills online. This year, Downing read about a Web-only bank that charged a much lower price: free.
“I gave NetBank a chance, and I’ve never looked back,” says Downing, 33, a project manager for Acambis, which makes smallpox vaccine. Does he miss his old brick-and-mortar bank? “Only when I have a jar of coins to deposit,” he says.As Downing discovered after he opened his NetBank account, paying bills with a mouse click is only one labor-saving feature offered by online banks.
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