Online banking is a more common way of referring to ebanking, but both terms refer to secure, convenient banking that's designed to give you access to your accounts wherever and whenever you choose.
Online banks often can offer better rates than their brick-and mortar counterparts because they don't have the costs associated with maintaining traditional branches. Online accounts are easy to open and access, and it's usually easy to link the accounts to other bank accounts. Most online banks are FDIC-insured and offer savings, checking, money-market accounts and certificates of deposit (CDs).
At Ally Bank, you get simple, time-saving money management with our easy-to-use website and award-winning customer service. You can open and fund any Ally Bank account with any amount and we don't charge monthly maintenance fees. You can access and manage your funds securely via text, browser, or app. You also can use any Allpoint no-fee ATM—plus receive up to $10 reimbursement for fees charged at other ATMs nationwide each statement cycle.