When it comes to convenience, online banking is perfect for many consumers. It often features lower fees, because the bank has a lower cost. But there are some things you should watch out for when deciding to open an online bank account.
Make sure that the bank is FDIC insured. You should only do business with banks that are insured by the FDIC for savings accounts, checking accounts and CD deposits in amounts up to $100,000.< (continue reading…)