There are a lot of ways to bank online.
You can conduct online banking on full service banks, cyber banks, and hybrid banks that are both online and in brick and mortar locations in the real world.
The staff of Xdose has been involved in the online banking industry since the early 1990′s, when it involved dial-up modems and convoluted software that had to be installed separately, usually only on workstation computers (there were no internet-capable cellphones back then), or in interactive kiosks and ATMs.
Below is a partial list of some online banking services we have reviewed thoroughly. If you are looking for online banking services, we hope you will visit the banks on this list when you consider which service best fits your needs.
List of online banking service providers
Ally Bank (member FDIC)
AloStar Bank of CommerceNRMMA
AloStar Bank of CommerceNRSavings
American Express Bank, FSB
Ascencia, a div. of PBI BankMMA
Ascencia, a div. of PBI BankSavings
Astoria Federal SavingsMMA
Astoria Federal SavingsSavings
Bank of America
Bank of Internet USAMMA
Bank of Internet USASavings
California First National BankMMA
CIT Bank (member FDIC)
Citizens Trust BankMMA
Citizens Trust BankSavings
Colorado Federal Savings BankSavings
Dollar Savings DirectMMA
Dollar Savings DirectSavings
EH National BankMMA
First Internet Bank of IndianaMMA
First Internet Bank of IndianaSavings
First Trade Union BankSavings
Heartland Bank DirectSavings
Intervest National BankMMA
Intervest National BankSavings
Lone Star BankMMA
Lone Star BankSavings
State Farm BankMMA
Third Federal Savings and LoanSavings
Union Federal Savings BankMMA
About online banking
Online banking (also known as Internet banking and e-banking or ebanking) permits the clients of banks and other financial institutions to perform a wide variety of actions on secure websites and apps owned and operated by the financial service provider. These banks commonly range from building societies, to credit unions, retail banks, and virtual banks.
In order to use an online banking service, customers with access to the Internet have to sign up and register with the bank providing the service, and set a password, among other identification protocols to verify the i.d. of the customer. Usually the password is different from the password used for telephone banking or banking at an ATM machine.
Many financial institutions now regularly assign customer numbers, even if the customer does not intend to do any online banking through their services. Typically, customer numbers are different from account numbers in order to allow multiple accounts to be connected to one customer number.
The client connects to the customer number of any account controlled by the customer. The types of accounts that can usually be controlled include: checking accounts, savings accounts, credit card accounts, debit card accounts, atm card accounts, loan accounts, and more.
To conduct online banking, a customer visits the website of the banking or financial institution, and then must log in to the online banking services with the customer number and password. Various banks require extra security steps to secure the login. There is no standard for the method of secure login requiments. In part, the lack of standards keeps the banks more secure, by keeping their security systems unique and secret.
Caveat Emptor: As always, you should do your homework before you engage with any financial services online, just as you would offline.