Some of the features that differentiate online banking from brick and mortar banks include the following.
- 24x7 Access - except for some late night processing, posting and routine maintenance, most online banks are available 24 hours, 365 days.
- Global Access - carry your password with you (secured of course) and you can access online banks from any internet connection throughout the globe.
- Higher Interest, Lower Fees - most online banks offer higher interest for savings and checking accounts and lower (or no) fees for services.
- Multi-device access - not only can online banks be accessed anywhere, many now support various device interfaces such as PDAs, cell phones and other mobile and WiFi enabled devices (be sure they are secure).
- Direct Setup - many online bank accounts can be established directly from the convenience of ones home without ever visiting a local brick and mortar bank.
- Multiple Accounts - most online banks accommodate multiple accounts including checking, savings, CDs and often brokerage.
- No Lines! - no waiting in lines at local bank.