US Banks Online - Online Banking, Online Savings and Checking Accounts

Online Banks vs. Banking Online

Local Banks
Online Banking is extremely popular. Local banks nationwide now provide access to your bank accounts and allow online transactions.

Online Banks
Banks that are based online offer excellent incentives and Interest rates not typically found at local banks. Online Savings Accounts tend to have a higher APY (Annual Percentage Yield) allowing you to earn more from your savings. Another example is "Interest Checking". Most checking accounts at local banks do not earn interest, limit the amount of checks you can write, charge for checks and a monthly maintenance fee. This is not the case with some online banks. In addition to earning interest from your account, some online checking accounts DO NOT CHARGE ATM FEES! It is fast and simple to open an account with an online bank (no deposit required). Once you make a deposit, you will receive your ATM cards, checks and welcome packet. Then you can take full advantage of the variety of offers from your online bank.

The top online checking and savings accounts are listed below, check out the benefits each option has to offer to see which is best for you.

Online Checking Account
Ally Interest Checking Account

Online Savings Account
Ally Bank Online Savings Account

Additional Checking Account Details

Additional Savings Account Details


	Interest Checking The online checking functions the same as a checking account from your local bank. The difference is you do not have to go there to deposit money. Money can be added to your account by US Mail, Wire Transfer, Direct Deposit, or by transfering money online. The benefits of of an online checking account can be numerous: No ATM Fees, Cashback when you shop, free online banking and bill pay, free debit cards and checks, unlimited check writing, and more this online checking account gives you ALL of the benefits. Key Benefit: No ATM Fees, Cashback when you shop, free online banking and bill pay, free debit cards and checks, unlimited check writing, and more Withdrawal Methods: Use a Debit Card or Checks for purchases and payments Withdraw at ATMs worldwide Make Payments using free online bill pay Online transfer, Wire Transfer, more Debit Cards: Arrive within 12 Business Days after opening deposit Checks: Arrive within 5 Business Days after opening deposit Deposits: Unlimited Deposits Transactions Limit: No, unlimited transactions


	Saving Account An online savings account is the very similiar to a savings account at your local bank. The difference is an online savings account is managed and funded primarily on the Internet. Since online savings accounts are accessible from anywhere they are popular and can offer great deals and Interest rates. Withdrawal Methods: Withdraw money online by online transfer. Key Benefit: High APY. Earn more from your savings. Deposits: Unlimited Deposits Transaction Limit: Yes *Federal Law Maximum 6 withdrawals per biling cycle

See Also
Money Market Accounts
CD: Certificates of Deposit