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Home / Finance News / Online-Only Banking Institutions: Good Fit For Consumers?


The internet has changed the way that businesses operate, and the retail banking sector is no exception. While brick and mortar stores are struggling against their web based counterparts, banks are late to the scene. Online banking firms hold only 4.2% of deposits, but these numbers are increasing rapidly. Does this make sense for the average consumer?

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About the author: Taylor


Taylor Brown is the founder of He has paid down 90% of his credit card debt through smart budgeting, frugal-living, and inspiration/support from other personal finance bloggers.


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