Online or Brick and Mortar?

[sweeps]

Agreed, it is blurry, but there is still a psychological component at play here. Someone may do all their banking online with Chase or BOA, but there is still the assurance in your mind that you can run into a branch when necessary. For true online banks, you don't have that feature.

That is what I read into the question -- again, perhaps incorrectly.

[MonkeyMama]

Well, then I stand by my answer. I can't run into any branches but for my CU. So most of my banking is online, yes.

[noppenbd]

I stand by my answer as well. Even though Provident-direct is owned by a B&M bank, I consider it an online bank, since it is meant to be accessed primarily online. Likewise with USAA. In fact almost every online bank is a subsidiary of a B&M bank. So I answered the question more in the spirit rather than in the letter.

[Pitman]

I keep no more than $300 in my B&M account. Whatever goes over $300, gets directly transfered to my online savings account.

[Broken Arrow]

Yeah, not to be nit-picky, but the question kind of confused me.

My CU is technically brick & mortar.

However, I prefer to do almost all of my banking online. I even had online-only bank accounts at one time, and I liked it just the same.

I interpreted the question as to ask what kind of banks you use, not how you conduct most of your banking.

[Jazzmint98]

I use a B&M CU so that I can make deposits using an ATM so that I have an account to use for electronic transfers to online banks. Otherwise, I cash my payroll check (full-time job) at a B&M bank which my employer uses since he doesn't offer direct deposit.