No one is standing in the queue outside the bank to deposit the money now with the advent of online banking. With these banks, customers can manage their accounts on the move without going to the bank. Do you know that less than 10% of transactions are happening in the branch network today and 80% of Americans prefer going to the digital bank than visiting the brick and mortar branch? By the end of 2020, digital payments would reach up to USD 726 billion. Even the customers who are above 55 years prefer to use online banking over other methods.
Online banks allow the customers to check the balance, pay bills, transfer funds, download the bank statement, and access the account around the clock. Each online bank offers a different set of perks to its customers. These banks are secure to keep the money. The encryption technology will keep your transactions safe. The banks offer CDs and online savings accounts. Discover the right bank that fits into your financial goal. Now, let us see the online banks that are gaining huge popularity in the market.
The best online banking services would let you transfer funds to any number of recipients and generate e-statements whenever you want to see the spending and earnings at any point in time. Two banks are ruling the virtual world and gained customer’s trust is Barclaysus. The simple online bank has automatic saving equipment to earn a huge interest easily. There is a tracking technology that would manage money activities. The online bank is mobile friendly so you can access the accounts in a hassle-free manner. One can access the accounts right at their fingertips and is perfect for couples and partners. Barclaysus has a CD calculator to learn the savings. It is best for consumers and small businesses.
On the other hand, two other banks have gained a huge prominence. These include – Radiusbank and CIBC. The Radius Bank let you earn a lot of money by investing a small amount in fixed deposits. The paycheck protection program is the sought-after feature for choosing this bank. Mobile-friendly apps enable users to carry out online banking activities on the move. There are rebates offered on ATM withdrawal. The CIBC would create personal savings and business accounts that offer high security. It is compatible to work with Apple and Android devices. It manages the assets and helps large scale businesses and communities to grow.
All the online banks are unique in their way and give fierce competition to each other. However, the customer has to choose the online bank that meets their preferences. And many services are affordable and offer round the clock customer support. Well, keep in mind that online banking is making easier access to finances for people. There is a minimum amount that is required to open the account. Perfect for the low-income earners, well-educated college graduates, youngsters, and elders.