Online banking is generally safer than traditional banking as client deposits directly to their bank accounts, thus eliminating the risk of check theft and copying of account information.
You can manage your bank account and make transactions from your mobile device. The options include transferring fund, depositing checks, and paying bills electronically.
Online banking has a faster processing time as compared to traditional banking. The interest rates for online banking are higher than traditional banking as well. Also, the fees for managing accounts online are lower than traditional banking.
The processing time can be instant or near-instant, as long as your loan application is approved