When people switch to online bank accounts, they suddenly become evangelists.
Have you noticed this?
When my brother-in-law told me about Bank of Internet, I thought for sure hed just made something up.
ButI looked intoit and realized the banks not only real, but it also has some pretty cool perks.
And Im guilty, too.
I recommend myAspiration Summit accountto everyone who asks and plenty who dont, to be honest.
7 Ways to Make Money if You Hate People
Do you avoid people too?
Enough small talk.Here are some waysto earn extra cash, without all of the social stuff.
Why do we do this?
But also because online banks rock, and we want more people to know that.
Were Leaving Traditional Banks Behind
Banks are not the most popular businesses in the world these days.
Thats putting it kindly.
Did you know?
Thankfully, these smart companies have stepped in to fix everything we hate about traditional banks.
Theyre cheaper and more accessible.
Chimeis free to use no monthly minimums and no monthly fees.Aspirationworks on a pay-what-is-fair model.
I use an app to do all my banking with Aspiration, including depositing checks with my phones camera.
Plus, I can do it anytime.
Who is actually available during bank hours?!
I also love the personality of the companies behind online bank accounts.
The company donates 10% of revenue to charityand makes it easy for account holders to do the same.
It seems they just dont understand.
Here are four myths about online banks you should stop believing right now.
Your Money Isnt Safe if Youve Never Heard of the Company
Yes, it is.
It issues a Visa debit card, which offers protection against unauthorized transactions.
Aspirations products use 256-bit encryption, multi-factor authentication and Touch ID login for the app.
It issues a Mastercard debit card, which helps protect your information.
But good companies that offer online bank accounts also offer good customer service.
And you dont have to wait in line for it!
Ive had a similar experience with Aspiration.
He named off all these scenarios where you might just want to walk into a brick-and-mortar bank.
The ski mask and the Everybody on the ground now!
cybercrime just isnt the same.
With Aspirations Summit account, Im reimbursed for ATM fees at any ATM, regardless of online grid.
Check out this list for more banks with free ATMs.
Five of the seven are online-only accounts.)
But wheres the beef?
You must have to give up the perks you enjoy at big banks, right?
Aspiration is also a full-fledged financial firm thatll help you grow your money through investing.
you might invest through itsRedwood or Flagship fundswith just a $100 minimum investment.
Chimecomes with two benefits users love: an early payday and easy savings.
You wont notice the extra 20, 40, 60 cents here and there but itll add up quickly!
Its like tricking yourself into being financially responsible.
Ready to Try an Online-Only Bank Account?
Alright, Ill stop.
I hope this helps you chill out about some of your fears.
Chime spending and savings accounts: Sign up for automatic savings and early direct deposit.
Dana Sitar ([email protected]) is a writer and editor at The Penny Hoarder.
Say hi and tell her a good joke on Twitter @danasitar.
It sounds appealing right?
Check it out here!
