Internet bank

Internet banks are direct banks that offer their products exclusively over the Internet. Internet banks do not have any branches or call centers , which usually play an important role with direct banks. Orders are only accepted via the Internet, e-mail or post.

As a rule, internet banks offer a limited range of standard products, including checking accounts , some savings products, deposits and mortgage lending. Because Internet banks by the lack of stores costs can save, they offer the products usually with relatively favorable conditions, such as current accounts with credit balances at.

The problem of the Internet bank can be described as the supply of cash, which is only possible with cards, i.e. credit cards or Maestro cards , by withdrawing from ATMs . An internet bank is suitable for processing everyday payment transactions and saving on the increasingly popular overnight money accounts .