ONLINE Banks vs. TRADITIONAL Banks - What's the Difference?

What exactly is an online bank? Should you consider banking with one? Who might benefit from an online bank?

These days, there's more banking options than ever! Let's discuss if an online bank might be best for you! 💻 🏦

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00:00 Intro
02:30 Chapter 1
03:58 Chapter 2
04:50 Chapter 3
06:59 Note to Small Business Owners 💼
07:28 Is an Online Bank best for you? 💻
08:59 Outro

#financetips #banking #finance #sofi #chime #ally #wellsfargo #usbank #chase #bankofamerica

ONLINE Banks vs. TRADITIONAL Banks - What's the Difference?

[tsltc]

I just opened a sofi checking and savings because of the interest rate in your other video describing the 4 best accounts

[setarehnouri]

I have always been skeptical of online banks but now I am more comfortable with online banking. I might change up or have a back up account with one of the online banks. Thanks.

[localyokel]

Loads of large savings depositors are scrambling to online banking for the higher interest rates. Seems as if the traditional banks are ignoring their customers by refusing to come up with competetive rates. This may take it;s toll on many brick and morter banks Ya Think ?

[wolfysmagee]

Why doesn't enterprise and other rental companies not accept chime? I'm looking for this information everywhere and simply cannot find it.