Are online banks right for You?

Online banks are best suited for people who are comfortable doing all their banking online or through a mobile app. These banks offer big advantages to anyone who wants to earn higher interest rates and avoid paying banking fees. – Elizabeth Aldrich, deputy editor at Forbes Advisor

Are online banks a good choice?

Online banks allow you to apply for accounts fully online, and their application processes often only take minutes to completely. The best online banks also have sleek, easy-to-use web and mobile interfaces. Many people are switching to online banks, but they aren’t without their drawbacks. No Branch Access

What are the best online banks?

Links in this article may result in us earning a commission. Learn More Our top three picks for the best online banks are SoFi Bank, Discover Bank and Ally Bank. To help you choose, we at the MarketWatch Guides team reviewed 154 banks and credit unions, 43 of which are online financial institutions.