I know ‘mobile banking’ is becoming very popular, and that many of the online only banks are being rated as the most beneficial accounts to have. Are banks with physical locations in any way ‘safer’ than online only banks? I feel like I should get one of the recommended online only banks, but (and this may be just me being irrational, who knows) I am hesitant because it feels unnatural to me to, for example, ‘deposit’ a check via a picture. I guess I fear that technology is not the most secure thing, and businesses or other sites/accounts have the ability to get hacked. So my question boils down to: 1) Am I simply being irrational and ‘behind the times’? 2) Are there any differences in the ‘security’ of a brick and mortar account vs. an online only account?

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Posted by Julie (MONEY FORUMS: 4, Answers: 2)
Asked on February 9, 2016 9:29 pm
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I also have this aversion towards anything that is online and will include my personal information. However, many of the non-online banks are offering the same service in terms of having apps and allowing picture check depositing. I think that it really depends on how comfortable you feel with using these. In terms of safety, I don’t think the security of a online bank is lesser. In addition, I think after using it for sometime you’ll get used to having everything being a little more accessible! Good luck!

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Posted by Emma He (MONEY FORUMS: 4, Answers: 5)
Answered: February 10, 2016 6:31 pm
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It’s natural to have some fear when you’re not used to something. I used to have a brick and mortar bank, but 4 years ago transferred everything to an online only bank. It’s been a good thing! I haven’t had any security issues. I think it’s more a matter of convenience. But for me, it’s now easier than ever to manage my money.

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Posted by Melanie Lockert (MONEY FORUMS: 0, Answers: 66)
Answered: February 9, 2016 10:51 pm