accounts

Recently, more and more banks have begun offering free online bank accounts. While some may view this as simply a marketing ploy, these accounts can actually have some very real and lasting advantages.

For starters, having a free online bank account can allow you to save some money. With a regular checking or savings account, you will likely have to pay a monthly fee and a minimum account balance to keep the account open. However, with a free online bank account, there is no such requirement, so you don’t have to worry about losing money by paying unnecessary fees.

In addition to the potential savings, free online bank accounts also provide convenience. You can easily keep track of your transactions and balance from the comfort of your own home. Paying bills and transferring money to another party is fast and secure, without the need for any physical paperwork.

Many online accounts also offer additional features not available with traditional bank accounts. For instance, some accounts allow you to set up automatic payments and reminders so you don’t have to worry about remembering to pay your bills on time.

Finally, online accounts are a great way to diversify your financial portfolio. Having an account with an online