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