Online banking provides convenience but banking with banks that are only found online is not my idea of a good practice. I suggest always choose first a bank with good reputation when it comes to offline transactions. I've witnessed how scams work and a promise of 4% to 10% is very possible. Said banks can sustain the growth for some years receiving very good reviews from depositors then suddenly collapse when depositors start withdrawing their deposits. Do research on the legitimacy of the company or bank before depositing your hard-earned money.

We have on line banking and I love it. I can check my bank anytime I want. It is really nice not to have to wait until your statement comes.