Online banking: how to choose an online bank?

HomeBanksChoosing a bankOnline banking: how to choose an online bank?

With the development of technology, all areas are computerized. We even managed to open online banks. These banks are so useful that we wonder how we did it before. Online banks replace normal banks very well, you can find all kinds of services such as opening a current account, savings book, life insurance, credit, etc. If this is your first experience, it is obvious that you will have some fears. If this is the case, I invite you to continue reading our article in order to know the advantages and disadvantages of online banks.

What are the advantages of online banking?

The advantages of online banking are multiple, among these advantages we cite:

  • Bank fees With some online banks, you can have a current bank account without having to spend any money. All you have to do is avoid payment incidents and stay within the normal usage. But you should be careful because not all banks offer free cards.
  • More profitability for your savings The online banking account offers access to other online services, such as online savings. You can even have savings books, life insurance and access to the stock market.
  • Flexibility of use The banks offer a real customer area, bank advisors who can be reached by phone, email and even on webcam. Moreover, the account management can be done from a computer but also from a cell phone or a tablet.
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The disadvantages of French online banks

Although there are many advantages to online banking, it is not without its drawbacks. Here are some of them:

  • The relative loss of human contact With online banking, everything is done more quickly, you have the right to a personalized advisor, but with whom you will only have telephone contact. So we remain in the virtual world, which is quite disturbing.
  • More restrictive entry requirements The conditions of registration in online banks are much more complicated than those of a normal bank. So you'll have a lot of things to justify, which is not always easy.
  • Inability to deposit cash A big negative point for online banks. Indeed, you can't deposit cash in an online bank, so you have to go through a normal account, which is not very convenient.

How to choose your online bank, easily and serenely?

Changing bank is clearly not an easy thing to do, even if online banks are doing everything to make our lives easier, with more and more attractive offers, and services that are also more and more innovative. So, should we give in to the sirens of online banks? The answer is not black and white, because it all depends on the needs and services you expect from your bank.


If you need to see your banker in person, to explain your situation and to have managed services If you are a person who is not familiar with the management of your assets, or if you recognize yourself in the disadvantages stated above, then clearly online banks are not for you. It is true that today, with the evolution of current technologies, the management under mandate allows a remote management without too many problems, except for the psychological barrier. There are even websites that offer training and online tools to manage your assets alone, because as the old saying goes, we are never better served than by ourselves.


You should know that the online bank ING or epargnant30.fr offers this type of service. You should take a look at it, if it is the last barrier that prevents you from switching to an online bank, because you will find many advantages.

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