A growing number of people are taking advantage of the benefits of online banking. With access to your funds any time, anywhere, online banking makes it easy to manage your money. Although nearly every bank nowadays offers online access of some kind, not every bank can offer the features of an online bank.

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 or brokerage accounts. Most online banks are FDIC-insured and offer savings, checking, money-market accounts and certificates of deposit (CDs).

You also may find a number of electronic tools available to help you manage your money. You may be able to set up automatic notifications for various activities in your account—deposits and transfers that have taken place, overdrafts, CD due dates coming up, and so forth. Ally Bank, for example, provides "Sleeping Money Alerts" when a lack of activity in a savings or money-market account suggests that you might be better off with a CD. And an online bank is naturally in position to offer online bill payments, so that you can take care of bills without writing checks or using envelopes and stamps. Finally, online banks will often let you download all this banking information into your home financial software, such as Quicken®—which means online banking can be an integral part of your overall ability to manage your money easily and efficiently. At Ally Bank, you consistently can earn great rates on your account balance with free online bill pay and no monthly maintenance fees. You can use any Allpoint no-fee ATM—plus receive up to $10 reimbursement for fees charged at other ATMs nationwide each statement cycle.

Learn more at Allybank.com or call live, 24/7 customer care at 877-247-ALLY (2559) today.

Ally Bank, Member FDIC

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