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What are the pros and cons of using an online bank?
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Pros of using an online bank include the convenience of being able to access your account from anywhere, 24/7. You can also set up alerts or notifications so you’re always aware of any activity in your account. Additionally, many online banks offer features such as bill pay, mobile check deposit, and budgeting tools that can help make managing your finances easier. 2 Cons of using an online bank include potential security risks associated with having your information stored on a server somewhere. It's important to remember to keep your personal details safe by regularly changing your passwords and monitoring your accounts for suspicious activity. Another potential drawback is the cost of using an online bank. Some services may be more expensive than traditional banking methods, such as fees for international transactions or overdraft protection.