By online banking do you mean accessing your bank account over the internet or do you mean working with an internet-only account where no branches exist to walk into?
I have not used an internet-only account, all of mine are tied to an actual bank. These seem to be getting more common and are probably safe as long as they are backed by a known name (Chase maybe?) or they promise FDIC insurance.
I have been accessing my accounts through the internet for over ten years now with no problem. As a previous poster wrote, use good password practices and enable two-factor authentication (usually a code via text message) to minimize the potential for someone else to login as you.
I have one account set up for electronic bill pay and venmo/pay pal/zelle access. I keep the balance in this account very close to what will be actually be needed. Doing that minimizes any potential loss from an unauthorized withdrawal. Again, I have never had a problem with this.
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Why do people insist on making claims without looking them up first, do they really think no one will check? Proof by emphatic assertion rarely works.
Confirmation bias is real; I can find any number of articles that say so.
Victor, NY - Randallstown, MD - Yakima, WA - Stevensville, MD - Village of Hillsborough
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