What are the advantages of an online personal checking account?


Quick Answer

An online, personal checking account offers both convenience and speed, as noted by Chron Small Business. With online banking, users can access their accounts from a computer or mobile device.

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Full Answer

The features of online, personal banking allow a user to avoid making trips to a local branch. Online banking is convenient, as a user can access his account and check the associated balance from a mobile device at any given time, as stated by Bankrate. In addition, a person can transfer funds across various accounts with the click of a button.

Speed is another advantage of online, personal banking, as users can simply cash checks by taking a picture of the document. For instance, Chase offers a deposit feature that allows a user to cash a check by selecting an account, photographing a check and then verifying the information, according to the official Chase website. Online, personal banking also offers options to pay someone instantly. More specifically, through Chase QuickPay a user can electronically send money to another online, banking user by entering the respective email address.

Online, banking users can also pay bills electronically, thus eliminating the need to write checks or visit a local drop box. Citi has an online, bill-payment feature that allows a user to check balances and pay bills electronically at no additional cost, as noted by the organization's official website.

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