Online Banking

Online banks have become a banking phenomenon. Four years after online banks first hit the Internet, the number of U.S. households banking online had more than doubled.

Unlike brick-and-mortar banks that you see coming to every street corner near you, online banks appear only in an "alternate universe," the world-wide web. Despite the lack of a "real" presence, Internet banks are thriving. The popularity of online banks isn't a surprise. Online banks have provided a solution to those who just don't have the time to do their banking during regular banking hours. And, in a nation where control is king, Internet banks put control of your money at your fingertips, literally. Add to this the fact that most online banks offer a higher Annual Percentage Yield, making your money work harder for you.

Online Banks - The Bottom Line

So what are online banks? They are alternate sources to brick-and-mortar banks, all of your transactions happen electronically, eliminating the need for paper, and allowing your funds to move through the system quicker. They allow you to pay bills online, transfer money between accounts, check balances and perform a number of other general banking services. For many people, online banks do not replace their brick-and-mortar bank, they supplement it.

Many individuals require services that online banks can't provide including personal customer service from an individual whose name you know and face you recognize. Unlike online banks, you can walk into your bank branch and access cash from your account immediately. You have the benefit of acquiring cashier's checks, traveler's checks and foreign currency, and the ability to instantly cash a check or deposit checks and cash into your account immediately. Many online banks offer you debit cards that enable you to get cash instantly. Unlike bank buildings, online banks offer you access to your accounts 24/7 and for house-bound individuals it makes banking much easier.

Online Banks Security is Job One

Online banks take security very seriously. They have a number of security procedures and policies backed up by the most advanced internet security systems available to keep your money and your personal information secure.

Online banks enable you to:

• View your statements online eliminating the need to print them out,
• Do your banking in the safety and security of your home or office, eliminating others from gathering your personal information.
• Pay your bills without the use of checks.

Online Only Banks

Each individual bank, either dedicated purely to web services or both web and "store" based, offer different services, so a little homework on your part might be worth the effort to be sure the services you want are available among the online banks you are choosing from. Online banks offer you the most convenient way to do your banking on your terms and it's easy to get started at iGObanking.com.

It's easy to sign up for online banking. Go to iGObanking.com, member FDIC, to begin your Internet banking today or call us at 1-888-432-5890.