Results – automatic cash management
Internet banking is no different than banking with the traditional brick and mortar banks. The only difference is with online banking you do not have access to any physical location.
The online banks usually do not have any monthly fees and you can literally open an account with zero dollar.
You can rename your online banks to the name of your liking like – sinking fund, Home down payment or Kids college fund.
The online bank accounts can handle all the online transactions the same way if not better than traditional brick and mortar banks