» Banking & Trading
Online Banking & Trading has surged in the past few years. Today the average banking customer rarely goes into the actual bank, between online banking, bill paying, and transfers and the use of debt cards and ATM many consumers have found that a local bank branch is unnecessary.
People no longer have the time to stand in line, and have little relationship with any persons at the branch. It is a lot more convenient to call a 24 hour customer service line, then to wait in line for the same answer at the bank. Recently Internet Banking has seen real growth, internet banking is conducted without a brick and mortar facility, and there are no branch employees, no overheads and little promotional materials that are not done online. These Internet Banks can offer higher deposit interest or lower fees as their operational costs are much lower than a mainstream bank.
Online Banking and Trading Review
Most of the larger internet banks offer the same variety of banking services ranging from checking to saving accounts, credit cards and mortgages. They are easy and convenient and they are insured by the FDIC and under the same government requirements as a regular bank. Your money is safe and secure. Almost every bank large or small, saving and loan to credit union offer online banking services and online bank accounts. Today internet and online banking are the industry standards.
Many of the larger banks have combined into their services online broker and trading, competing with the long well established stock and option brokers. Over the years most investors, large and small have had long distance relationships with their clients, mostly over the phone or through the mails, very few investors actually met with their brokers face to face. Transition to online and internet trading has been relatively easy as the clients were already used to a non physical relationship.
With the growth of online trading, the need for a highly trained, knowledgeable broker became less and less valuable and investors sought the saving of online brokers that charged smaller commission and fees for online trades. Slowly the old fashion Brokerage became a dinosaur. Most communication with a broker, whether full service or low commission is done via electronic mail and website platforms.
As banks were bought and sold so were the big brokers and eventually all the banks and brokers became merged together, there is JP Morgan, or Chase, all originally brokers and now banks and brokers.
Online and Internet banking and Online and Internet Brokers and Trading are personal preferences, depending on your needs, your comfort and your knowledge levels. All are reliable and dependable, which is best is the one that best suits your needs. See also, Online Banking
Below you’ll also find some of the top online brokers and online trading houses also. From forex trading online to online stock trading, you can quickly open your account now. Online trading has never been easier. Click on the Sign Up button next to the offer of your choice below. See also, OptionsXpress.com