Are online banks as safe as traditional brick-and-mortar banks, especially in terms of protecting your personal and financial information?
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Here’s a short and simple answer about the safety of online banks:Here’s a short and simple answer about the safety of online banks:
Banks working in the internet are typically secure in the event that insured by the FDIC. FDIC insurance guarantees the safety of your amount even in case of bank failure.
Big online banks similarly to Ally, Capital One 360 and Discover Bank are FDIC-insured and use tight secrecy to secure your personal and financial information.
Nevertheless, you should carefully watch out for such cons and links which could bring your login credentials into danger.
As long as you keep off the unconventional online banks and neglect your online security, your money will be equally safe with the traditional brick-and-mortar bank.