If you’re after a bank sign-up bonus, you should consider opening an online bank account. Banks are always looking for new customers and they’re willing to offer bonuses upfront. Check out some of the sign-up bonuses available now.
With so many banks offering an incentive to sign-up, this is the perfect time to make the switch. Here are the advantages of an online checking account.
Mobile Deposits
With an online bank account, you can now photograph a check and make a deposit just by choosing your account and entering the value in dollars beforehand, and the photo stays in your records. Think about how much time you can save this way.
No ATM or Monthly Fees
In most cases, you don’t have to pay a monthly fee or have a minimum balance on your account. Even better, a lot of online checking accounts let you withdraw money from ATMs without any fees, or they will at least reimburse you.
No Penalties or Overdraft Fees
No one likes to overdraw their account by a few dollars and get hit with a $30 or $40 fee, [2] so why should you stand for it any longer? With an online bank account, you get overdraft protection so there’s no need to worry.
Quick Access Account Information
Perhaps the best part about having an online checking account is the ability to quickly access account overviews. Practically all mobile banking apps come with a user-friendly dashboard that has crucial account info shown in one neat place. Also, don’t forget the ability to pay bills online or transfer money through banking apps.
Facial Recognition and Fingerprint Passwords
Having strong enough passwords means they’re hard to remember, and most people have at least 10-15 password-protected services they use regularly, if not more. Instead of relying on old technology and letting customers fall prey to fraud and theft, banks are now using facial recognition and fingerprint passwords. [2]
Samsung and Apple Pay
There’s no need for either cash or debit cards and awkward situations when you leave your money or wallet at home. Now you can connect your online checking account to Samsung or Apple Pay and make purchases with your smart phone that require a pass code or fingerprint to approve.
Card Control in Case of Fraud or Theft
Thousands of people lose their debit or credit card each day and many of them end up being victims to fraudsters. However, online banking accounts practically eliminate this risk. Modern online banking includes features that let you freeze your credit card immediately through your phone while you report that it’s stolen or lost.
Try Online Banking Today
If you still haven’t tried online banking, it’s time to step into the 21st century. An online checking account has three main advantages:
– Incredible convenience
– The best possible security
– No hidden fees or penalties
There’s no reason to be nervous as you move away from traditional banking services done in your local branch. Once you realize just how much time and money you can save with an online banking account, you’ll wish to never go back to the old way.
[1] https://www.wellsfargo.com/checking/quickstart/overdraft-services/
[2] https://www.aware.com/blog/banking-security-biometric-facial-recognition/