Well, hey you guys, so a lot of things have changed over the years when it comes to money

and one of the advancements that we've seen increase a lot is when it comes to online banking

and all the options that are out there. So investing apps, you know, to digital banking services.

There is so much to learn about this landscape.

And I want to make sure that you have all the information

you need to make sure that you are keeping your money

in the right place.

So today, I want to share some of the basic pros

and cons of online baking versus using just

a traditional brick and mortar bank branch.

And spoiler alert, I use both of these, so stick around to see what I recommend overall and if you

enjoy this content and want to see more be sure to hit that subscribe button

that is so so helpful. All right the first pro to online banking

is that most are FDIC insured,

which means that your money is guaranteed to be safe.

I think sometimes the online banks, like okay can I trust them are

they legitimate but do your research check into the specific one that you're

looking at but you will see that majority of them yes are insured are insured, they're fine, they're just like another bank,

your money will be safe. Now another pro to online baking is that they typically have

higher interest rates. So on the savings side this is a great thing

because when it comes to savings accounts, money market accounts, high-yield

savings accounts, this is a benefit that you will get from online banks over brick and mortar.

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