When the first online banking website was offered by Stanford Federal Credit Union (Silicon Valley, CA) in October 1994, many customers were hesitant. However, by the year 2000, 80 percent of banks in the United States offered online banking services.
Today it's difficult to imagine a world without online banking.
Online Banking has become a way of life to the extent full-service banking products are available completely online. The best online banking apps allow customers to fully-manage their accounts with access to tools that easily allow you to save, budget and instantly transfer money.
Innovation to improve financial lives continues to propel online banks to offer full-service financial products without the need for a traditional bank branch. Plus, with COVID-19, many bank branches are temporarily closed. More consumers may need access to an array of financial products online.
Here are some financial products offered by full-service banks:
- Checking and savings accounts
- Money market accounts
- Certificate of Deposit
- Credit cards
- Personal, mortgage, car, and business loans
- Wealth management
- Investment products
5 Online banking options with full-service products and slick mobile apps
1. Radius Bank – Rewards Checking Account
2. CIT Bank – eChecking and SmartBuilder HYS
3. BBVA Bank – Online Checking Account
4. Langley Federal Credit Union – Smart Checking
5. GTE Federal Credit Union –
How to build a banking relationship through online banking
Ways to keep your money safe with online banking
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