Banking on the Internet

Author: Eugene
Posted: Thu Nov 18, 2004 11:24 pm
Post subject: Internet banking
I mail my checks to an Internet-based bank half-a-country away (at least a day or two for postage), and if earlier it took 4-5 business day to see the deposit, now it takes 2

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Author: Eugene
Posted: Sun Nov 21, 2004 11:37 pm
Post subject: Internet-based bank


That was me, Curtis.

I've had my primary checking account with an Internet bank since 1999, and I never looked back. I still have another checking at a bank with a local branch, but I use that one only for cash deposits and redeeming goverment savings bonds (transactions that cannot be done by mail conveniently).

Online banks' interest is generally significantly higher, they often compensate for the other bank's ATM fees, often provide postage-free deposit envelopes. My bank does all three.