Online Banking vs Traditional Banking: Pros and Cons

Pros and cons of traditional banking versus online banking. In this video we will discuss the advantages and disadvantages of traditional and online banking. By online banking, we mean managing your bank accounts with a computer or mobile device. This includes transferring funds, depositing checks, opening a high interest savings account, investing and paying bills online.

While online banks may offer lower fees and higher interest rates, digital banks also have hidden stress costs in the form of technology and service interruptions. Whereas brick-and-mortar banks like Bank of America, Chase, and Wells Fargo have better customer service because you can actually talk to someone. Find out which type of bank account is best for you.

No one in this video is a CPA or a financial advisor. We are just regular folks sharing our stories, in the hopes that you might learn something from our experiences. Follow TabuMoney:
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