Category: Virtual (Online-Only) Bank

Are Virtual (Online-Only) Banks FDIC Insured?

Are Virtual (Online-Only) Banks FDIC Insured?

We have talked before about the importance of maintaining your money at FDIC-insured banks.  [See What Does FDIC Mean?].  As you recall, the FDIC insures certain depository accounts should the bank you’re with fail.  [See What accounts does the FDIC cover?]  As technology has become more sophisticated, banking services and products have transitioned to the […]

October 29, 2013 | By More
What is a Virtual (Online-Only) Bank?

What is a Virtual (Online-Only) Bank?

In general, waking up early is the best way to get ahead of your checklist for the day.  My phone alarm typically beeps at 4:00 a.m.  My habit before getting out of bed is to click my Pulse app and browse through the lead news stories.  The other day I found one that really highlights […]

October 28, 2013 | By More