| Internet banks, no matter what size, | | | | flexibility to offer high interest rates. But |
| guarantee one thing: accessibility. You can | | | | the opening and maintaining balance required |
| have access to your Internet bank anytime and | | | | by these banks are lower, too, so it is much |
| anywhere as long as you have an Internet | | | | easier to open an account with them. If you |
| connection. You can transfer funds from one | | | | only need basic Internet banking services |
| account to another, pay your bills, and view | | | | such as local fund transfers, deposits, |
| your bank transactions and balances whenever | | | | crediting, etc., then these banks may be |
| you want. Some Internet banks even hook up to | | | | sufficient. |
| vendor sites so that you can purchase your | | | | |
| groceries and shop for a new pair of shoes. | | | | Large banks, on the other hand, can |
| | | | compensate for many of the shortcomings that |
| Large versus small | | | | their smaller constituents cannot fulfill. |
| | | | Interest rates continue to rise whenever the |
| Looking for an Internet bank that you think | | | | amount of the transaction rises. Larger banks |
| would suit you? Are you unsure if you want to | | | | have a farther reach, allowing them to have |
| go with the big banks or the small banks? Are | | | | more associates worldwide. |
| you afraid of the instabilities of smaller | | | | |
| banks? Or do larger banks intimidate you? You | | | | The infrastructures of larger Internet banks |
| should choose a bank that can address your | | | | are also substantially different. Aside from |
| requirements and that you feel comfortable | | | | accessing your account, you can also gain |
| with. Here's a comparison so you can make an | | | | access to your accounts via SMS using your |
| informed decision. | | | | GSM handy phones. You can also send |
| | | | instructions to the bank through this |
| Smaller banks tend to offer a narrower ranger | | | | technology. Larger banks tend to have more |
| of online services compared to their larger | | | | elaborate security systems to ensure the |
| counterparts. With a smaller pool of funds, | | | | safety of your money. |
| smaller Internet banks do not have the | | | | |