How reliable are online banks?

Since the advent of the Internet, several things that could be done physically, now have its online version. The implication is that we can now do several things online including meeting people, communication, shopping, and sending money among others. This implies that there are online banks that make it possible for people to be able to send money through their platforms. This article will discuss what online banks are and if they are reliable.

What are online banks?

Online banks are banks that have a website and/or app on which customers and prospective customers can register, verify their account, and make transactions. Majorly, the customers should be able to send and receive money on the platform. They should also be able to carry out some other activities such as checking their account balance and paying certain bills among others. The banks should have features such as an ATM card … Read the rest