Internet Banking
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Online Banking Definition | Investopedia

Online Banking Definition | Investopedia | Internet Banking | Scoop.it
The performance of banking activities via the Internet. Online banking is also known as "Internet banking" or "Web banking." A good online bank will offer customers just about every service traditionally available through a local branch, including accepting deposits (which is done online or through the mail), paying interest on savings and providing an online bill payment system.
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JT Kazousky's comment, March 24, 2014 11:11 AM
The definition for online banking is in the name. It is the act of using a bank via the internet. Most online banks offer the same services as other banks.
JT Kazousky's comment, March 25, 2014 10:27 AM
If you do perfer online banking there are a few drawbacks. One of these drawbacks is that you cannot use ATM's. However, many other banks allow you to use their ATM's.
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The Pros And Cons Of Internet Banks

The Pros And Cons Of Internet Banks | Internet Banking | Scoop.it
Learn how internet banking services stack up against those of their brick-and-mortar peers.
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JT Kazousky's comment, March 24, 2014 11:10 AM
Going back to the convenience on this topic, online banks are typically mobile. New apps are being made daily to make it easier to use. This is another reason many people enjoy online banking.
JT Kazousky's comment, March 28, 2014 11:04 AM
In order to decide if internet banking is for you, you must first see if the cons outweigh the pros or vise versa. The drawbacks of online banking include a few things such as a bank relationship. This means that you don't have a relationship with the bank making the experience less personal. To some this is a major drawback.
JT Kazousky's comment, March 28, 2014 11:05 AM
There are a few other drawbacks of online banking. These include issues with transaction and security. Most online banks do insure your money so if there is a security breach it is safe, however since it deals with technology there are a few issues with transactions.
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Online Banking | Internet Banking and eBanking Redefined | U.S. Bank

Online Banking | Internet Banking and eBanking Redefined | U.S. Bank | Internet Banking | Scoop.it
Manage your bank accounts, pay your bills and much more with Online Banking from U.S. Bank. Enroll today, and learn how to manage your finances with our online tools.
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FDIC: Safe Internet Banking

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JT Kazousky's comment, March 26, 2014 10:44 AM
Although most online banks are FDIC certified you should still be careful when using one. Some tips to keep you safe while online banking include keeping your account info private as well as keeping passwords private. You should make sure that they bank is indeed certified.
JT Kazousky's comment, March 26, 2014 10:46 AM
Although keeping your info safe is a major part of using an online bank there are a few other tips you should follow. Make sure the bank is FDIC certified so that they can not cheat you out of money. Also know how much the bank does keep insured for most banks it is up to $250,000