There are many questions surrounding online banking, even today.  Like ‘how do I open an online bank account?’  Obviously there are significant advantages to doing your banking online.  However, you might wonder if it is worth it considering the risk of having your information “out there.”  Of course, if you do want to bank online, the first step is to choose a bank or credit union.  Truthfully, credit unions are pretty much always better than banks.  Nevertheless, you want to bank with an organization that is geographically close to you.  If there are no credit unions, then a traditional bank is fine. No matter who you choose, they almost certainly offer some kind of internet choices. Depending on the size of the bank or credit union, your choices may be limited.

How Do I Open an Online Bank Account?

When you are ready to open an account, you can do so online or in person.  Some banks are online only and thus have no branch to go to.  This gives them advantages, such as being able to offer higher interest rates on accounts, but there are drawbacks too.  The biggest of which is that you can never actually talk to a person face-to-face. In any case, the bank will need certain forms of identification and may need particular documents to verify your information.

Once it is open then you can make use of the Internet to access the account and set things up.  You can usually transfer money, pay bills, open new accounts and all the other stuff you used to do with a teller.  Bill pay is possibly the most commonly used feature in an online bank account.  It allows you pay bills right out of your account and the bank sends the check for you.

Is Internet Banking Safe?

Since you can do so many neat things online with your bank account, so can bad guys.  Of course, they have to be able to somehow access it first, so security should be a priority. So, its not the best idea to bank on devices other than your own, like on a library computer.  Just make sure that you have good software to catch viruses, malware or anything else that might ulitimately try to steal your information.  The bank you choose will also have safety features like encryption to protect you.  So, even if your PC isn’t well-protected, your account will be, at least on the bank’s end.

When you are all set up, you just login online.  For example, you might go to and then enter your name and password.  They may also have to enter a pin or answer a question to verify that it really you.  That’s it!  Now you can access everything, but if you have problems, the bank is only a call away.  Even an online bank will have a helpline to help you.