Many online and traditional brick-and-mortar banks share similar features. Both use apps, for example, to allow you to manage your account balances and perform basic banking transactions at home.

The ability to monetize hobbies or create personal brands online is appealing to Gen Z, especially since nearly 70% live paycheck to paycheck. Plus, Gen Zers are natives of the internet and have a ...

We independently evaluate all of our recommendations. If you click on links we provide, we may receive compensation. Dr. JeFreda R. Brown is a financial consultant, Certified Financial Education ...

Online banks can offer protections equal to traditional banks -- but this isn't true for all of them. Learn how to ensure ...

Here is a list of our partners and here's how we make money. Online banking means managing your bank accounts using a computer or mobile device, and internet connection. Online banking allows you ...

With more and more banking being done online, it's confusing to figure out when you should actually go into a brick and ...

The most obvious answers to recent brick-and-mortar bank closures? The aftermath of the COVID-19 pandemic and the prevalence of online banking. A 2023 survey of 1,046 Americans from across the U.S ...

Online banks are built for convenience, which can include offering digital ways to solve problems (rather than having to visit a branch location). Brick-and-mortar banking used to be the standard ...

If you’re using your bank’s app to pay bills or check balances, you're already familiar with how online-only banks work, and transitioning to one could be a way to save more money on fees ...

Discover Online Banking offers a checking account, savings account, certificates of deposit, money market accounts and retirement accounts, so there’s plenty to choose from. The checking account ...

Now, you can skip in-person banking entirely with digital banks. With their lower cost structure, the best online banks offer very high interest rates on checking and savings accounts as well as ...

But now, with online banking, you can bank primarily online. While many online banks don't have physical locations, they offer perks that in-person banks don't, like high savings account interest ...