Compare Online Banks and Internet Checking
With an online bank you have the opportunity to save
on many fees you get charged and even earn interest
compared to bank down the street. Most online banks
even reimburse you for your ATM usage fees. You also
get unlimited online account access and better hours
for telephone banking. Here is our chart to help compare
some banks:
Learn why interest checking may not work for your situation.
Find banks with ATM rebates.
Top 5 High Interest Savings Accounts
Worried about your E*Trade bank account going bankrupt or your bankrupt Netbank account? Switch to WaMu and get a high interest rate.
Debit Cards that give you cash back
| Online Banker |
Incentive |
ATM/Debit Charges |
Free Online Bill Pay |
Free Initial Set of Checks |
24-HR Phone Support |
Initial Minimum Balance |
Summary |
| US Bank Checking |
Enter to win a $500 Gift Card to Target! |
Checking that Pays! |
Yes |
Yes |
Yes- 24hr Phone |
100 |
Earn your choice of rewards for using
your U.S. Bank Check Card with Checking That Pays!
Checking That Pays has expanded and now offers
you the choice of cash, points for merchandise
and gift certificates, miles or sweepstakes entries
for your U.S. Bank Check Card purchases |
American Express Checking
|
Bonus |
ATM Fees Reimbursed |
Yes |
Yes |
Yes-24hr PHone |
100 |
NO longer accepting banking applications |
| ING
Direct Money Market |
variable 2.00% Annual Percentage Yield on savings
every day |
No need to change banks - Your Orange Savings
will be automatically linked to your current checking
account |
N/A |
N/A |
24-hour access to your account |
No Minimum Balance |
ING DIRECT makes
Saving money simple! Open your account online today
and start earning 2.00% variable APY. No Fees and
No Minimums! |
NetBank Checking
(Old promotions here for comparing purposes only - Netbank is now ING DIRECT) |
- OLD PROMOTIONS:$75 for Money Market and a checking accounts
- $75 for >$500 direct deposit and a new
checking account
- $50 for a checking and MM accounts for NestEggz
members
- $50 for a checking account or MM account
via Money 2003 link
- $50 for NetBank checking account with $1500
init. deposit
- Please check Netbank.com for more details and updates to these promotions
|
Some free ATMS to make deposits, withdrawals but
VERY limited public ones with no charge! |
Yes |
Yes and free deposit slips |
Yes. Excellent Customer Service and BankMail is
easy to use from NetBank |
$100 |
- up-to 7000 Delta Sky Miles for opening Netbank
accounts, direct deposit and bill payments
- up-to 7000 United Mileage Plus Miles for
opening Netbank accounts, direct deposit and
bill payments
|
NEW >> Virtual
Bank, High Interest Money Market and check out Everbank
Guaranty Bank - Less fees and some good promos for joining this Texas based bank.
 Want
a credit card that pays back 5% more than an average
money market account in rebates - join the Chase Manhattan
Bank Credit Card that rewards in our Credit
Cards Section.
Our pick is the US BANK, ING Direct, or American
Express Checking or High Interst Savings Account.
Make sure if you apply for an American Express Bank
account that you have a clean credit record, they
are very particular like Citibank and Chase by choosing
people with little marks on their reports. All banks
listed above are FDIC insured and offer free direct
deposit and customer service.
Internet Banking News and Statistics
The Internet has revolutionized the way people manage
their money, as indicated by a reported 164 percent
increase in Online Banking since 2000. The Pew Internet
and American Life Project found that 32 percent of Internet
users (roughly 37 million Americans) have done their
banking online in 2002 , which is up from 17 percent
(roughly 14 million Internet users) in 2000. Moreover,
10 percent currently are e-banking on a daily basis.
While e-banking may not be the most popular online
activity gathering hobby information, for example, weighs
in at 77 percent, e-shopping is done by 62 percent,
and making or buying travel arrangements are at 50 percent
— online banking has the highest growth rate,
largely due to its wide reach.
Pew's research indicates that there is little variation
in e-banking activity between men and women (33 percent
versus 30 percent), age groups (33 percent of the 18-29
group; 36 percent of those aged 30-49; and 27 percent
of those aged 50-64), and ethnicities (33 percent of
Hispanics, 32 percent of Caucasians, and 30 percent
of African-Americans bank online).
Education, income levels, and online experience, all
are factors in internet banking customers and bill pay
online. Some 41 percent of online bankers are college
graduates; by contrast, only 23 percent of those with
only high-school educations are. Among those in households
with incomes of $75,000 or more, 44 percent bank online;
only 21 percent of households earning less than $30,000
are. Four in 10 (39 percent) of those who've been online
four years or more, 20 percent of those with two to
three years of experience, and just 6 percent of those
with less than a year online bank via the Internet.
Source: CyberAtlas
Opening a checking account for the first time? Here are some questions and answers.
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