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Banking / Savings Account Advantages and Disadvantages of an Online-Only Savings Account November 28, 2023 5 min Read Written by Elizabeth Constantineau, AI Editor Edited by Elizabeth...
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Online banks aren’t just the digital version of your traditional brick-and-mortar branch. Yes, they allow you to carry out most of the same transactions, like checking account balances, transferring funds, making Interac e-Transfers and paying your bills, but they can encompass much more. Online-only banks include services like mobile cheque deposit, a mobile wallet that allows you to pay with your phone. However, they often have no physical branches to speak of, operating solely from an app o...