Convenience, the internet is open 24/7

Mobile capability; bank on-the-go via your smartphone or laptop.

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You check your finances way too often!

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No paper trail of transactions; you are reliant on emails and texts.

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Environmentally friendly, saves paper; receive all your correspondence by email and text

Saves time; bank whenever and wherever you want, avoid parking issues.

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No face-to-face contact; this is a more impersonal service.

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Credit scoring may be tighter; online banks cherry-pick their customers.

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Saves money; e-banks often offer better savings and mortgage interest rates.

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Several layers of security; password plus phone ID required to manage account.

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Phishing scams; be wary of unexpected emails asking for password and other bank account details.

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