Wednesday, 2 January 2019

Online-only banking is the future of managing money — here's how to get started

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  • These days, it's easier than ever to handle all your banking needs without ever visiting a branch.
  • With the ability to deposit checks by taking a photo with your phone, and to use virtually any ATM, being near a physical branch is no longer a requirement when choosing a bank.
  • Here's what you need to know about online-only banking — and why it might be right for you.

As one of the cool kids at school, I started a coin collection in fifth grade. I remember going on trips to the bank with my mom for rolls of coins to sort through, looking at dates and years to fill in the slots in my blue coin-collecting albums. That, alongside my parents owning a business, sent me on many trips to local banks. But over time, my number of visits to the bank have dropped to zero.

See the rest of the story at Business Insider

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SEE ALSO: How automated saving and investing really works — and why more of us should be doing it



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