Online banking is a fast growing industry because of its ease of use. Millions of American�s are opening online banking accounts to help take care of their finances, why? Because it makes life easier! Most online banks offer online bill paying, reducing your need to write checks, address letters and send mail. Additionally online banks give you complete access to your account without leaving your house and going out to the bank.

Many people still don�t feel comfortable using an online bank; this is for many reasons including: not trusting the new internet banks, not wanting to switch banks and just not feeling confident to use the internet. The reality of the situation is that these are not valid excuses.

With the internet came hundreds of thousands of new companies, some of these new companies are banks. A majority of Americans are uneasy with putting there money into a bank which has not been around for a long period of time and has no physical structure to it. Studies have shown that most American�s prefer a bank that looks physically strong, stable and reliable rather than a bank that really is. In actuality these internet banks are just as trustworthy as the non-online banks. The internet banks are bound by the same government rules, regulations and process that physical banks are. This guarantees that you will not be �screwed over� by these companies. Rest assured, your money is just as safe with an online bank as it is in a physical bank.

Another reason why people hesitate at using online banking is because they believe they need to switch banks in order to take advantage of it. This is a very common misconception. In fact most of the country�s large banks and many of the smaller ones offer online banking to its customers. Banks that offer online banking and physical banking are: Citibank, Wachovia and Bank of America, just to name a few.

Lastly is the feeling of confidence people have in themselves when it comes to the internet. A lot of people shiver when thinking about having the ability to manage their own finances through the computer. Technology can be an intimidating thing, and people don�t like that.

Online banking is going to play a major role in society�s future; there is no doubt about that. Whether people are afraid of banks they can�t physically visit, don�t want to change current banks or are just afraid to use the internet more and more people will continue to take advantage of the convenience of online banking. My suggestion is get over your problems now and get used to it, it will save you time and money in the long run.