Why You Should Open An Online Account

If you’ve been hesitant to open an online account, preferring to stick to a physical account at the financial institution of your choice, you may actually be losing money each month. It may require a little courage to take the leap to online banking, but there are myriad benefits to making the switch. Here are seven reasons to open an online account

Minimal ATM fees

Those “nominal” ATM charges can add up quickly. Sometimes, you may even be charged twice — once from the ATM provider, and once from your bank or credit union. If you’re paying for the privilege of withdrawing cash from ATMs, you may want to make the switch to an online account. These tend to be a lot more forgiving about ATM withdrawals. With Dort Financial, members have access to over 30,000 free ATMs nationwide — just look for the Co-Op Network logo.

No balance requirements

Your online account will likely have a low opening deposit requirement, or none at all. Similarly, online accounts tend to have low or no daily balance requirement at all. In contrast, many in-branch accounts at banks have a minimum opening deposit that can be as high as $100 with a daily balance requirement as high as $300.

Convenience

The internet is everywhere, and so is access to your online account. You can check your account balance, make a mobile deposit, transfer funds to another account and more, anytime and anywhere you’re online. No more waiting in long lines at the bank or credit union to get your banking done! With an online account, you can manage your money with just a few clicks.

Free budgeting features

Many financial institutions have incorporated tech tools in their online forums to help members manage their money and improve their financial health. Your online account may come with budgeting features, ways to track your expenses online, credit monitoring and more.

Schedule regular payments

Take the stress out of your monthly bill payments by moving your money online. These accounts allow you to schedule regular payments to payees of your choice. Your bills will be paid automatically, while you sleep. Never miss a bill payment again!

Security

Dort Financial is NCUA-insured to offer you protection for your funds and peace of mind in knowing that your savings are secure. You’ll also have the standard security and fraud protection you enjoy with your in-branch account when you open an online account.

If you’re sold on opening an online account, look no further than . Our checking accounts offer the best of both worlds, with online and in-branch access. Enjoy the convenience of an online account with all your favorite checking account features! Learn more today!