Best Deals in Online Banking, 2017

Banking without a branch is getting easier.

(Image credit: iStockphoto)

Banking without a branch is getting easier. Mobile-deposit capability, refunds of ATM fees and customer service that extends beyond the phone to online chat and social media allow customers to get by without tellers or a dedicated network of ATMs. Plus, because internet banks don't have the overhead costs that come with full-service branches, they tend to have lower fees and higher interest rates.

Online banks are upping their customer-friendly features, too. Some have jumped on the mobile-wallet bandwagon, offering debit cards with Apple Pay, Android Pay or Samsung Pay compatibility. Online banks often have kinder overdraft policies than those of traditional banks; some even let you borrow from a line of credit for a low fee -- or free.

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Miriam Cross
Associate Editor, Kiplinger's Personal Finance
Miriam lived in Toronto, Canada, before joining Kiplinger's Personal Finance in November 2012. Prior to that, she freelanced as a fact-checker for several Canadian publications, including Reader's Digest Canada, Style at Home and Air Canada's enRoute. She received a BA from the University of Toronto with a major in English literature and completed a certificate in Magazine and Web Publishing at Ryerson University.