Online banking

Online banking

First direct is on online bank I have found on a comparison website. The website compares a vary of online banking all over the world so you can see which Bank would suit your expectations best compared to other top banks. (http://www.moneysupermarket.com/current-accounts/?p=0&source=GOO-41EE83E9&mckv=scMc3BsvK%7Cdc_pcrid_23124859165_mtype_p_kword_online%20banks_2764ri918980&uuid=62217157-51aa-42b6-9b0b-a30c5f331d4e&Device=c&gclid=CPj-qf6d2rkCFU_MtAodpmsAfw)

Over draft for 'first direct' is 15.90%.
interest rate is 0% which is very poor compared to many other banks which offer a lot higher rate.
customer service rating 'good' is 75%.

As you can clearly see there are huge comparisons between different online banks so people can pick the banks that suits them best.

Sandanter is another bank I looked at using the same comparison website.
0% for the first 4 months
3% interest rate between 3000-20000.
People all over the world are starting to use online banking a lot more as you can to do nearly everything you can do at a bank just usually in a quicker. You can have full control of your money as long as you apply all the information about your bank.
Online banking is taking over the market when it comes to the fiance side of things.

There are a few problems when it comes to online banking such as; its not as safe, you are not able to get money in hand.

The positive side to this is that you have almost full control of your money from a click of a button. But for specific things you Will need to go to the bank therefore banks will still be in use just not as much as they use to be before online banking.