The definition of online banking is a simple one: a bank or institution that is available online.
The ins and outs of online banking are slightly more complex. There are:
- Banks with good interest rates and others with bad rates
- Solely online banks and others with brick-and-mortar locations
- And some with an easy-to-use interface and others that are clunky
Below you’ll find an overview of what the definition of a good online banking experience is to me. As the center of your finances, picking a good bank is often a crucial part of setting up your own personal finance system.