Myths About Online Checking Accounts
In today's digital age, the banking landscape has evolved significantly, with online checking accounts emerging as a convenient and accessible option for managing finances.
As online banking gains popularity, the facts about them can get fuzzy. So, let’s debunk misunderstandings and shed light on the truth behind modern banking solutions and provide a clearer understanding of the benefits and realities associated with online checking accounts.
What Is an Online Checking Account?
An online checking account allows you to manage your funds, make electronic transactions, and access your account information using a website or mobile app.
Common Online Checking Account Myths
Online checking accounts have become increasingly popular due to their convenience and accessibility. However, there are still many misconceptions about them. Here are five myths about online checking accounts:
Myth 1. Online Checking Accounts Are Less Secure
Fact: Advanced encryption and security measures protect your financial information. Just like with any bank account, it's important to choose one that is reputable and FDIC-insured so your funds are safe.
Learn more about KeyBank’s Consumer Security for online and mobile banking.
Myth 2. Limited Customer Service Options
Fact: Customer support is often available by phone, email, and live chat via website or app. You can also visit our online and mobile banking FAQ page to address common questions and concerns.
Myth 3. It’s Difficult to Deposit Funds
Fact: Depositing funds to an online checking account can be done by direct deposit, electronic transfers or mobile check deposit.
Myth 4. Less Competitive Interest Rates Offered
Fact: Interest rates can vary widely, so it depends more on the account type that you choose rather than how the account is managed.
Open a KeyBank Checking Account
Discover the ease of digital transactions, flexible account management, and paving the way to a secure online banking future. Compare checking accounts from Key.