{"id":22944,"date":"2026-01-20T17:06:12","date_gmt":"2026-01-20T17:06:12","guid":{"rendered":"https:\/\/budgetadirect.com\/?p=22944"},"modified":"2026-01-20T17:06:17","modified_gmt":"2026-01-20T17:06:17","slug":"brick-and-mortar-banks-vs-online-banks-pros-and-cons","status":"publish","type":"post","link":"https:\/\/budgetadirect.com\/?p=22944","title":{"rendered":"Brick-And-Mortar Banks Vs. Online Banks: Pros And Cons"},"content":{"rendered":"<div xmlns:default=\"http:\/\/www.w3.org\/2000\/svg\">\n<div id=\"block_2bcd212ac868a06d1d078000be5b9bba\" class=\"key-takeaways sm:border-l-4 border-(--accent) sm:pl-8 my-8 relative\" style=\"--accent: var(--color-blue-medium)\">\n    <!-- htmlmin:ignore --><\/p>\n<h2 class=\"heading-4 mt-0 mb-4 text-crop-none max-sm:flex max-sm:items-center max-sm:gap-4\" id=\"key-takeaways\" data-position=\"0\" data-beam-element-viewed=\"\" data-id=\"br-h2-0-onpage-placement\" data-type=\"h2\" data-location=\"Editorial\" data-name=\"h2_all\" data-text=\"Key takeaways\" data-outcome=\"\">\n    <span class=\"shrink-0\">Key takeaways<\/span><br \/>\n        <span class=\"max-sm:h-0.5 max-sm:w-full max-sm:w-full max-sm:bg-(--accent) max-sm:rounded-full max-sm:block\"\/><br \/>\n    <\/h2>\n<p>    <!-- htmlmin:ignore --><\/p>\n<ul class=\"flex flex-col text-gray-700 mb-0 gap-2 list-disc\">\n<li class=\"pl-4 relative marker:text-(--accent)\">\n                                                            Online banks typically offer higher annual percentage yields on savings products and charge fewer fees than their brick-and-mortar counterparts.\n                                                <\/li>\n<li class=\"pl-4 relative marker:text-(--accent)\">\n                                                            If you need to deposit cash regularly, you\u2019ll likely want the convenience of a brick-and-mortar bank\u2019s ATM network as many online banks don\u2019t accept cash deposits.\n                                                <\/li>\n<li class=\"pl-4 relative marker:text-(--accent)\">\n                                                            Large brick-and-mortar banks tend to invest in their technology, so you can also bank online with them.\n                                                <\/li>\n<\/ul>\n<\/div>\n<p>When you\u2019re choosing among the 3,800-plus banks in the U.S., you must decide whether you want a bank that operates solely online, or one with physical branch locations. Brick-and-mortar banks often offer more services and make depositing cash easy, while online banks offer temptingly high annual percentage yields (APYs).\u00a0<\/p>\n<p>As you compare where to open your next checking or high-yield savings account, learn about the pros and cons of brick-and-mortar banks vs. online-only institutions.<\/p>\n<h2 id=\"main-differences\" data-position=\"1\" data-beam-element-viewed=\"\" data-id=\"br-h2-1-onpage-placement\" data-type=\"h2\" data-location=\"Editorial\" data-name=\"h2_all\" data-text=\"Main differences between brick-and-mortar and online banks\" data-outcome=\"\">Main differences between brick-and-mortar and online banks<\/h2>\n<p>The main difference between brick-and-mortar banks and online banks is the fact that the former has physical branches, while most online banks operate solely online without any locations you can visit for in-person service. But those aren\u2019t the only differences:<\/p>\n<div class=\"w-full overflow-x-auto\">\n<table class=\"wp-block-table is-style-stripes wrapped\">\n<tbody>\n<tr>\n<td><strong>Brick-and-mortar banks<\/strong><\/td>\n<td><strong>Online banks<\/strong><\/td>\n<\/tr>\n<tr>\n<td>Physical locations\u00a0\u00a0<\/td>\n<td>\n<br \/>Typically no branch locations\u00a0<\/td>\n<\/tr>\n<tr>\n<td>In-person support available<\/td>\n<td>Support is limited to phone or chat<\/td>\n<\/tr>\n<tr>\n<td>\n<br \/>Tend to offer low APYs on savings and other deposit products\u00a0<\/td>\n<td>\n<br \/>Usually offer higher APYs on savings and other deposit products\u00a0<\/td>\n<\/tr>\n<tr>\n<td>Easier to make cash deposits<\/td>\n<td>Cash deposits may be unavailable or come with a fee<\/td>\n<\/tr>\n<tr>\n<td>Out-of-network ATM fees are more likely to be charged<\/td>\n<td>\n<br \/>ATM fees may be reimbursed<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<h2 id=\"brick\" data-position=\"2\" data-beam-element-viewed=\"\" data-id=\"br-h2-2-onpage-placement\" data-type=\"h2\" data-location=\"Editorial\" data-name=\"h2_all\" data-text=\"The pros and cons of brick-and-mortar banks\" data-outcome=\"\">The pros and cons of brick-and-mortar banks<\/h2>\n<div id=\"block_5d4fba40d003473b2bc9f627a374f1cf\" class=\"flex flex-col gap-8 my-6 not-wysiwyg\">\n<div class=\"ProsAndConsTable\">\n<div class=\"ProsAndConsItem\">\n<div class=\"ProsAndConsItem-headerContainer flex items-center gap-2\">\n<div><\/div>\n<p>            <!-- htmlmin:ignore --><\/p>\n<h3 class=\"ProsAndConsItem-header\">\n    Pros<br \/>\n    <\/h3>\n<p>    <!-- htmlmin:ignore -->\n        <\/div>\n<ul class=\"ProsAndConsItem-list\">\n<li>Large ATM network.<\/li>\n<li>Easy to deposit and withdraw cash.<\/li>\n<li>Wide variety of products and services, including commercial banking.<\/li>\n<li>Advanced technology for online and mobile banking.<\/li>\n<li>In-person service.<\/li>\n<\/ul><\/div>\n<div class=\"ProsAndConsItem\">\n<div class=\"ProsAndConsItem-headerContainer flex items-center gap-2\">\n<div>\n                <img decoding=\"async\" src=\"https:\/\/budgetadirect.com\/wp-content\/uploads\/2025\/06\/remove-circle.svg.svg+xml\" alt=\"Red circle with an X inside\"\/>\n            <\/div>\n<p>            <!-- htmlmin:ignore --><\/p>\n<h3 class=\"ProsAndConsItem-header\">\n    Cons<br \/>\n    <\/h3>\n<p>    <!-- htmlmin:ignore -->\n        <\/div>\n<ul class=\"ProsAndConsItem-list\">\n<li>Higher fees.<\/li>\n<li>Low yields on savings.<\/li>\n<\/ul><\/div>\n<\/div><\/div>\n<h3>Pros of brick-and-mortar banks <\/h3>\n<h4><strong>Cash accessibility\u00a0<\/strong><\/h4>\n<p>Depositing and withdrawing cash is easy to do at a physical bank. You can find a branch and have a bank teller\u2019s help, or go to a bank ATM.\u00a0<\/p>\n<h4>Digital tools<\/h4>\n<p>Though it may seem like online banks would automatically have the edge in digital tools for their customers, that\u2019s not necessarily the case. Many traditional banks, especially the bigger ones, also offer top-notch online and mobile banking with sophisticated websites, highly-rated mobile apps and other digital tools. That\u2019s because they have the resources to invest in technology and the motivation, since they are competing with online banks and their digital platforms.\u00a0<\/p>\n<h4>Account variety<\/h4>\n<p>Besides checking accounts, savings accounts, money market accounts and certificates of deposit (CDs), traditional banks offer mortgages, mortgage refinancing, <u>auto loans<\/u>, <u>credit cards<\/u> and other products. If you\u2019re looking to keep a lot of your financial life in one place, a brick-and-mortar bank might be right for you.<\/p>\n<h4><strong>In-person service<\/strong><\/h4>\n<p>Traditional banking offers in-person service and sometimes, a personal touch. Customers can stop by their bank and talk to someone who can access their accounts and answer questions. To many people, this is more reassuring than dealing with a person on the phone.\u00a0<\/p>\n<p>It\u2019s also great if you have a complex problem to solve. However, in-branch support is only helpful if there\u2019s a branch near you and if the business hours work with your schedule.<\/p>\n<h3>Cons of brick-and-mortar banks<\/h3>\n<h4>High fees<\/h4>\n<p>Fees are one of the biggest drawbacks of brick-and-mortar banks, which have more overhead than online-only institutions (since they have to pay to run physical locations). Brick-and-mortar banks often charge monthly maintenance fees for their deposit accounts (though they also usually offer ways to waive the fees, too).<\/p>\n<h4>Low rates<\/h4>\n<p>Traditional banks also typically pay lower rates on deposits. The national <u>average rate on a savings account<\/u> is\u00a00.62 percent but some of the largest brick-and-mortar banks have savings rates that are even lower \u2014 0.01 percent at <u>Chase Bank<\/u>, for example.\u00a0<\/p>\n<p>Despite recent rate drops, many online banks are still paying yields on savings accounts between 3 and 4 percent. Likewise with CDs. The average rate on a one-year CD is\u00a01.9 percent, but online banks dominate our list of the top one-year CD rates by offering around 4 percent.\u00a0<\/p>\n<h2 id=\"online\" data-position=\"3\" data-beam-element-viewed=\"\" data-id=\"br-h2-3-onpage-placement\" data-type=\"h2\" data-location=\"Editorial\" data-name=\"h2_all\" data-text=\"The pros and cons of online-only banks\" data-outcome=\"\">The pros and cons of online-only banks<\/h2>\n<div id=\"block_9c7728e01b90ff1bdca960f7b4f72a93\" class=\"flex flex-col gap-8 my-6 not-wysiwyg\">\n<div class=\"ProsAndConsTable\">\n<div class=\"ProsAndConsItem\">\n<div class=\"ProsAndConsItem-headerContainer flex items-center gap-2\">\n<div>\n                <img decoding=\"async\" src=\"https:\/\/budgetadirect.com\/wp-content\/uploads\/2025\/06\/circle-check.svg.svg+xml\" alt=\"Green circle with a checkmark inside\"\/>\n            <\/div>\n<p>            <!-- htmlmin:ignore --><\/p>\n<h3 class=\"ProsAndConsItem-header\">\n    Pros<br \/>\n    <\/h3>\n<p>    <!-- htmlmin:ignore -->\n        <\/div>\n<ul class=\"ProsAndConsItem-list\">\n<li>High rates on deposits.<\/li>\n<li>No (or low) fees.<\/li>\n<li>Possible ATM fee reimbursements.<\/li>\n<li>Sophisticated online experience.<\/li>\n<\/ul><\/div>\n<div class=\"ProsAndConsItem\">\n<div class=\"ProsAndConsItem-headerContainer flex items-center gap-2\">\n<div>\n                <img decoding=\"async\" src=\"https:\/\/budgetadirect.com\/wp-content\/uploads\/2025\/06\/remove-circle.svg.svg+xml\" alt=\"Red circle with an X inside\"\/>\n            <\/div>\n<p>            <!-- htmlmin:ignore --><\/p>\n<h3 class=\"ProsAndConsItem-header\">\n    Cons<br \/>\n    <\/h3>\n<p>    <!-- htmlmin:ignore -->\n        <\/div>\n<ul class=\"ProsAndConsItem-list\">\n<li>Fewer customer service options.<\/li>\n<li>Potential lack of cash accessibility.<\/li>\n<li>Fewer account types, products and services.<\/li>\n<\/ul><\/div>\n<\/div><\/div>\n<h3>Pros of online banks<\/h3>\n<h4>High rates\u00a0<\/h4>\n<p>Why do online banks offer better rates? They\u2019re saving costs in other areas without branches to maintain or as many employees, and they can pass those savings on. Many of Bankrate\u2019s picks for the best high-yield savings accounts are from online banks.<\/p>\n<p>Let\u2019s say you have $10,000 saved and plan not to touch it for a year. If the bank paid 0.01 percent APY, as many big brick-and-mortar banks do, you would earn $1.00 in interest at the end of the year.<\/p>\n<p>Meanwhile, if you put that money into a high-yield savings account at an online bank paying 3.5 percent, you would earn $350 in interest.\u00a0<\/p>\n<h4>Low (or no) fees<\/h4>\n<p>Another way online banks attract customers and pass on their savings from not running physical locations is through low (or no) fees. It\u2019s typical for online banks to not charge monthly maintenance fees for checking or savings accounts, unlike their brick-and-mortar counterparts.<\/p>\n<h4>Sophisticated online experience<\/h4>\n<p>Online-only banks do their business online, so they have an incentive to give their customers a good, clean experience.\u00a0<\/p>\n<h3>Cons of online banks<\/h3>\n<h4>Cash accessibility is worse (or nonexistent)<\/h4>\n<p>Some online banks don\u2019t offer cash withdrawals or deposits, especially if they only have a savings account and CDs in their product suite.\u00a0<\/p>\n<p>If an online bank does offer cash deposits and withdrawals, it\u2019ll likely be through a partnership with a third-party ATM network such as Allpoint or MoneyPass, or with businesses where you can deal with your cash. For example, Capital One allows cash deposits at stores like Walgreens and CVS, but the process involves getting a barcode and using the mobile app.\u00a0Similarly,\u00a0Ally customers can deposit cash at Walmart. Other online banks that offer cash deposits might charge a fee for the privilege.<\/p>\n<p>If your online bank offers an ATM card, you may be able to withdraw cash for free as some online banks offer generous ATM fee reimbursements. <\/p>\n<p>Still, if you deal with cash a lot, an online bank might not be ideal.<\/p>\n<h4>No in-person service\u00a0<\/h4>\n<p>Online banks rarely have physical branches, though a few, such as Forbright Bank, have a handful of branch locations within a small geographic region. Capital One is an exception, with about 260 branches. <\/p>\n<p>However, most online banks provide customer service by phone or electronically via FAQs on the bank website, emails or chatbots. If you want more personal assistance, not being able to see a human when you have a problem to solve might be frustrating for you.<\/p>\n<h4>Fewer account types<\/h4>\n<p>While it\u2019s not unheard of for an online bank to offer a wide-ranging suite of services and products, most offer just a few types of deposit accounts. This might not be a drawback for you if you want to only open a high-yield savings account or CD, but if you want to do all of your banking in one place and also access services like mortgages and loans, you might have more options with a brick-and-mortar bank.\u00a0<\/p>\n<div class=\"Callout flex flex-col gap-y-6 border-4 border-solid border-blue-100 rounded-lg py-8 px-6 md:px-10 mt-8 mb-16\">\n            <!-- htmlmin:ignore --><\/p>\n<h2 class=\"heading-3 my-0 text-crop-none text-blue-700\" data-position=\"4\" data-beam-element-viewed=\"\" data-id=\"br-h2-4-onpage-placement\" data-type=\"h2\" data-location=\"Editorial\" data-name=\"h2_all\" data-text=\"Your money is safe with both brick-and-mortar and online banks\" data-outcome=\"\">\n    Your money is safe with both brick-and-mortar and online banks<br \/>\n    <\/h2>\n<p>    <!-- htmlmin:ignore --><\/p>\n<div class=\"Callout-content text-gray-900 text-left wysiwyg m-0\">\n        In case of a bank failure, your money is safe in both online and brick-and-mortar banks. That\u2019s because the Federal Deposit Insurance Corp. and the <u>National Credit Union Share Insurance Fund (NCUSIF)<\/u> provide the same coverage for customer deposits at member online banks and credit unions as they do for their brick-and-mortar counterparts.<\/p>\n<p>If you\u2019re worried about the safety of conducting your financial business online, or you\u2019re concerned that you may have bigger risks of <u>having your identity stolen<\/u> with an online bank, you can rest easy. Most banks, online and traditional, use strong encryption, multi-factor authentication and require strong passwords to <u>protect customers\u2019 personal information<\/u>.<\/p><\/div>\n<\/p><\/div>\n<h2 id=\"Should-you-choose-a-brick-and-mortar-bank-or-an-online-bank\" data-position=\"5\" data-beam-element-viewed=\"\" data-id=\"br-h2-5-onpage-placement\" data-type=\"h2\" data-location=\"Editorial\" data-name=\"h2_all\" data-text=\"Should you choose a brick-and-mortar bank or an online bank?\" data-outcome=\"\">Should you choose a brick-and-mortar bank or an online bank?<\/h2>\n<p>Choose the bank that works best for what you need. With an online bank, you\u2019ll likely find a higher APY for your savings. If your financial situation requires more personal customer service or if you handle cash often, however, you\u2019re likely better off with a brick-and-mortar bank. This is also true if you want access to more extensive products and services, like loans, credit cards, or small business, commercial and investment solutions.\u00a0<\/p>\n<section class=\"editorial-insight-box --insight-box +mg-vertical-md\" data-template=\"insight_box\">\n<div class=\"card-body border-l-4 border-blue-800\">\n<div class=\"content-wrapper\">\n<p>\n                    Editor&#8217;s tip: Have the best of both worlds\n                <\/p>\n<div class=\"content wysiwyg wysiwyg--flush\">\n<p>You can have multiple accounts at both types of banks for maximum benefits \u2013 that\u2019s what I do. Keep your savings in an online bank to get high rates and a checking account at a brick-and-mortar bank to maintain access to in-person banking. Just make sure you can waive the monthly fee, if there is one. Then, link the accounts for easy transfers.<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/section>\n<h2 data-position=\"6\" data-beam-element-viewed=\"\" data-id=\"br-h2-6-onpage-placement\" data-type=\"h2\" data-location=\"Editorial\" data-name=\"h2_all\" data-text=\"Bottom line\" data-outcome=\"\">Bottom line<\/h2>\n<p>For some, there may be a clear better option between online and brick-and-mortar banks, but you don\u2019t necessarily have to choose one over the other. It could be worth it to keep one account with a local, traditional bank to take advantage of branch services and ATM networks while keeping a high-yield savings account or CD at an online bank to get better rates. In either case, it\u2019s important to compare options between several banks to find the best rates, lowest fees and other features that work for you.\u00a0<\/p>\n<h2 id=\"faq\" data-position=\"7\" data-beam-element-viewed=\"\" data-id=\"br-h2-7-onpage-placement\" data-type=\"h2\" data-location=\"Editorial\" data-name=\"h2_all\" data-text=\"Frequently asked questions\" data-outcome=\"\">Frequently asked questions<\/h2>\n<ul class=\"Accordion w-full align\">\n<li x-id=\"['panel-why-is-a-brick-and-mortar-bank-better-than-an-online-bank', 'heading-why-is-a-brick-and-mortar-bank-better-than-an-online-bank']\" x-data=\"{ expanded: 0 }\" class=\"Accordion-item\">\n<button class=\"Accordion-titleContainer py-4 px-3 sm:px-6 group sm:py-6\" type=\"button\" :id=\"$id('heading-why-is-a-brick-and-mortar-bank-better-than-an-online-bank')\" :aria-controls=\"$id('panel-why-is-a-brick-and-mortar-bank-better-than-an-online-bank')\" :aria-expanded=\"expanded ? true : false\" x-on:click=\"expanded = !expanded\" :data-outcome=\"expanded ? 'open_accordion' : 'close_accordion'\"><!-- htmlmin:ignore --><\/p>\n<h3 class=\"Accordion-title my-0 mr-2 md:flex-1\">\n    Why is a brick-and-mortar bank better than an online bank?<br \/>\n    <\/h3>\n<p><!-- htmlmin:ignore --><span class=\"Accordion-icon Icon mb-0 block leading-none Icon--sm icon-base-blue-600\" aria-hidden=\"true\"><default:svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"Icon-glyph\" viewbox=\"0 0 24 24\" fill=\"currentColor\" focusable=\"false\"><default:title>Caret Down Icon<\/default:title><br \/>\n<default:path d=\"M12 17.152c-.33 0-.675-.131-.94-.378L3.384 9.09a1.32 1.32 0 0 1 0-1.86c.51-.51 1.351-.51 1.862 0L12 13.977l6.755-6.747c.51-.51 1.351-.51 1.862 0 .51.51.51 1.35 0 1.86l-7.694 7.684a1.295 1.295 0 0 1-.94.378H12Z\" class=\"icon-base\"\/><\/default:svg><\/span><\/button><\/p>\n<div class=\"Accordion-contentWrapper\" :id=\"$id('panel-why-is-a-brick-and-mortar-bank-better-than-an-online-bank')\" :aria-labelledby=\"$id('heading-why-is-a-brick-and-mortar-bank-better-than-an-online-bank')\" x-show=\"expanded\" x-collapse=\"\" role=\"region\" style=\"height: 0; overflow: hidden; display: none;\">\n<p>\n            There are some things that brick-and-mortar banks are better for than online banks. Brick-and-mortar banks offer branch access for in-person transactions, easy cash deposits and withdrawals and personalized customer service. They also often provide a wider variety of financial products, such as mortgages, loans and credit cards.\n        <\/p>\n<\/div>\n<\/li>\n<li x-id=\"['panel-do-online-banks-have-atms', 'heading-do-online-banks-have-atms']\" x-data=\"{ expanded: 0 }\" class=\"Accordion-item\">\n<button class=\"Accordion-titleContainer py-4 px-3 sm:px-6 group sm:py-6\" type=\"button\" :id=\"$id('heading-do-online-banks-have-atms')\" :aria-controls=\"$id('panel-do-online-banks-have-atms')\" :aria-expanded=\"expanded ? true : false\" x-on:click=\"expanded = !expanded\" :data-outcome=\"expanded ? 'open_accordion' : 'close_accordion'\"><!-- htmlmin:ignore --><\/p>\n<h3 class=\"Accordion-title my-0 mr-2 md:flex-1\">\n    Do online banks have ATMs?<br \/>\n    <\/h3>\n<p><!-- htmlmin:ignore --><span class=\"Accordion-icon Icon mb-0 block leading-none Icon--sm icon-base-blue-600\" aria-hidden=\"true\"><default:svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"Icon-glyph\" viewbox=\"0 0 24 24\" fill=\"currentColor\" focusable=\"false\"><default:title>Caret Down Icon<\/default:title><br \/>\n<default:path d=\"M12 17.152c-.33 0-.675-.131-.94-.378L3.384 9.09a1.32 1.32 0 0 1 0-1.86c.51-.51 1.351-.51 1.862 0L12 13.977l6.755-6.747c.51-.51 1.351-.51 1.862 0 .51.51.51 1.35 0 1.86l-7.694 7.684a1.295 1.295 0 0 1-.94.378H12Z\" class=\"icon-base\"\/><\/default:svg><\/span><\/button><\/p>\n<div class=\"Accordion-contentWrapper\" :id=\"$id('panel-do-online-banks-have-atms')\" :aria-labelledby=\"$id('heading-do-online-banks-have-atms')\" x-show=\"expanded\" x-collapse=\"\" role=\"region\" style=\"height: 0; overflow: hidden; display: none;\">\n<p>\n            While online-only banks don\u2019t have branded ATMs, many offer fee-free access to an expansive network of machines for easy access to cash. For example, Quontic offers fee-free withdrawals at more than 90,000 ATMs, and Ally customers can withdraw money at more than 75,000 ATMs that belong to the Allpoint or MoneyPass networks.<span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\">\ufeff<\/span>\n<\/p>\n<\/div>\n<\/li>\n<li x-id=\"['panel-why-do-people-still-use-brick-and-mortar-banks', 'heading-why-do-people-still-use-brick-and-mortar-banks']\" x-data=\"{ expanded: 0 }\" class=\"Accordion-item\">\n<button class=\"Accordion-titleContainer py-4 px-3 sm:px-6 group sm:py-6\" type=\"button\" :id=\"$id('heading-why-do-people-still-use-brick-and-mortar-banks')\" :aria-controls=\"$id('panel-why-do-people-still-use-brick-and-mortar-banks')\" :aria-expanded=\"expanded ? true : false\" x-on:click=\"expanded = !expanded\" :data-outcome=\"expanded ? 'open_accordion' : 'close_accordion'\"><!-- htmlmin:ignore --><\/p>\n<h3 class=\"Accordion-title my-0 mr-2 md:flex-1\">\n    Why do people still use brick-and-mortar banks?<br \/>\n    <\/h3>\n<p><!-- htmlmin:ignore --><span class=\"Accordion-icon Icon mb-0 block leading-none Icon--sm icon-base-blue-600\" aria-hidden=\"true\"><default:svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"Icon-glyph\" viewbox=\"0 0 24 24\" fill=\"currentColor\" focusable=\"false\"><default:title>Caret Down Icon<\/default:title><br \/>\n<default:path d=\"M12 17.152c-.33 0-.675-.131-.94-.378L3.384 9.09a1.32 1.32 0 0 1 0-1.86c.51-.51 1.351-.51 1.862 0L12 13.977l6.755-6.747c.51-.51 1.351-.51 1.862 0 .51.51.51 1.35 0 1.86l-7.694 7.684a1.295 1.295 0 0 1-.94.378H12Z\" class=\"icon-base\"\/><\/default:svg><\/span><\/button><\/p>\n<div class=\"Accordion-contentWrapper\" :id=\"$id('panel-why-do-people-still-use-brick-and-mortar-banks')\" :aria-labelledby=\"$id('heading-why-do-people-still-use-brick-and-mortar-banks')\" x-show=\"expanded\" x-collapse=\"\" role=\"region\" style=\"height: 0; overflow: hidden; display: none;\">\n<p>\n            Many people turn to brick-and-mortar banks for personalized, face-to-face customer service. It\u2019s also easier to handle cash and get services like cashier\u2019s checks and notary services.\n        <\/p>\n<\/div>\n<\/li>\n<li x-id=\"['panel-what-is-the-difference-between-mobile-banking-and-online-banking', 'heading-what-is-the-difference-between-mobile-banking-and-online-banking']\" x-data=\"{ expanded: 0 }\" class=\"Accordion-item\">\n<button class=\"Accordion-titleContainer py-4 px-3 sm:px-6 group sm:py-6\" type=\"button\" :id=\"$id('heading-what-is-the-difference-between-mobile-banking-and-online-banking')\" :aria-controls=\"$id('panel-what-is-the-difference-between-mobile-banking-and-online-banking')\" :aria-expanded=\"expanded ? true : false\" x-on:click=\"expanded = !expanded\" :data-outcome=\"expanded ? 'open_accordion' : 'close_accordion'\"><!-- htmlmin:ignore --><\/p>\n<h3 class=\"Accordion-title my-0 mr-2 md:flex-1\">\n    What is the difference between mobile banking and online banking?<br \/>\n    <\/h3>\n<p><!-- htmlmin:ignore --><span class=\"Accordion-icon Icon mb-0 block leading-none Icon--sm icon-base-blue-600\" aria-hidden=\"true\"><default:svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"Icon-glyph\" viewbox=\"0 0 24 24\" fill=\"currentColor\" focusable=\"false\"><default:title>Caret Down Icon<\/default:title><br \/>\n<default:path d=\"M12 17.152c-.33 0-.675-.131-.94-.378L3.384 9.09a1.32 1.32 0 0 1 0-1.86c.51-.51 1.351-.51 1.862 0L12 13.977l6.755-6.747c.51-.51 1.351-.51 1.862 0 .51.51.51 1.35 0 1.86l-7.694 7.684a1.295 1.295 0 0 1-.94.378H12Z\" class=\"icon-base\"\/><\/default:svg><\/span><\/button><\/p>\n<div class=\"Accordion-contentWrapper\" :id=\"$id('panel-what-is-the-difference-between-mobile-banking-and-online-banking')\" :aria-labelledby=\"$id('heading-what-is-the-difference-between-mobile-banking-and-online-banking')\" x-show=\"expanded\" x-collapse=\"\" role=\"region\" style=\"height: 0; overflow: hidden; display: none;\">\n<p>\n            Online banking allows you to access your bank account and conduct transactions through the bank\u2019s website on a computer. Mobile banking is similar but accessed through a smartphone app or mobile browser. They\u2019re similar, but mobile banking provides convenience along with features like mobile check deposits and notifications.\n        <\/p>\n<\/div>\n<\/li>\n<\/ul>\n<div class=\"HelpfulCTA mx-auto flex flex-col items-center gap-6 my-6 py-12 text-base border-y border-gray-200\" data-helpful-cta=\"\" data-beam-element-viewed=\"\" id=\"did-you-find-this-helpful\" data-type=\"cta\" data-location=\"article-bottom\" data-position=\"banner\" data-text=\"Did you find this page helpful?\">\n<div class=\"HelpfulCTA-initial w-full flex flex-col items-center gap-4\" data-cta-initial=\"\">\n<div class=\"HelpfulCTA-question text-lg font-bold text-center text-gray-900\">\n            Did you find this page helpful?<\/p>\n<div id=\"YjybyHWduJ\" class=\"hidden\">\n<div class=\"wysiwyg wysiwyg--sm wysiwyg--flush max-w-xs\">\n<p class=\"mb-6 text-base\">\n                            <strong class=\"block font-bold text-gray-900\">Why we ask for feedback<\/strong><br \/>\n                            Your feedback helps us improve our content and services. It takes less than a minute to<br \/>\n                            complete.\n                        <\/p>\n<p>Your responses are anonymous and will only be used for improving our website.<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p>Help us improve our content<\/p>\n<div class=\"HelpfulCTA-actions flex gap-4 mt-2\">\n            <button type=\"button\" class=\"HelpfulCTA-btn HelpfulCTA-btn--yes border border-2 border-blue-600 text-blue-600 rounded px-6 py-2 transition font-semibold flex items-center gap-2 hover:bg-blue-50\" data-cta-yes=\"\" data-beam-element-clicked=\"\" id=\"did-you-find-this-helpful-yes\" data-type=\"button\" data-location=\"article-bottom\" data-position=\"banner\" data-text=\"Yes\" data-outcome=\"response submitted\"><br \/>\n                <span class=\"Icon\"><default:svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"Icon-glyph\" viewbox=\"0 0 24 24\" fill=\"currentColor\" focusable=\"false\"><default:title>Thumbs Up Icon<\/default:title><default:path d=\"M13.165 2.175c.322 0 .57.022.774.065.796.161 1.43.624 1.85 1.345.71 1.216.722 3.067.023 5.499h.516c2.28 0 3.422 0 4.337.548a3.844 3.844 0 0 1 1.721 2.25c.29 1.032 0 2.13-.592 4.336l-.516 1.926c-.312 1.151-.484 1.786-.882 2.324a3.368 3.368 0 0 1-1.442 1.098c-.625.247-1.28.248-2.475.248l-.021.01h-4.595c-.42 0-.636 0-.84-.032a4.19 4.19 0 0 1-.635-.15c-.204-.065-.387-.162-.763-.355l-1.69-.856c-.014.034-.026.069-.043.102a2.334 2.334 0 0 1-1.044 1.044c-.495.247-1.012.248-1.948.248h-.161c-.936 0-1.453 0-1.947-.248a2.333 2.333 0 0 1-1.044-1.044C1.5 20.038 1.5 19.52 1.5 18.585v-7.683c0-.936 0-1.452.248-1.947A2.387 2.387 0 0 1 2.792 7.91c.494-.248 1.01-.247 1.947-.247h.16c.937 0 1.454 0 1.95.247.353.177.653.44.875.763.64-.606 1.788-2.184 3.31-5.142.183-.366.312-.603.538-.819.193-.193.462-.355.72-.441.302-.097.539-.097.873-.097ZM4.739 9.288c-.624 0-1.076 0-1.227.076a.721.721 0 0 0-.323.322c-.075.15-.075.603-.075 1.216v7.683c0 .624 0 1.076.075 1.227.065.14.183.248.323.323.151.075.603.075 1.227.075h.16c.625 0 1.078 0 1.228-.075a.722.722 0 0 0 .323-.323c.075-.15.075-.603.075-1.227v-7.683c0-.624 0-1.065-.075-1.227a.672.672 0 0 0-.323-.322c-.15-.075-.603-.076-1.227-.076h-.161v.01ZM13.057 3.8c-.14 0-.226 0-.259.011-.032 0-.086.043-.107.064a2.98 2.98 0 0 0-.226.399c-2.187 4.272-3.53 5.647-4.33 6.092.003.162.004.34.004.536v7.82l2.217 1.122c.28.14.42.216.56.27.107.032.214.064.332.075.151.021.314.021.626.021h4.594c1.022 0 1.539 0 1.862-.129a1.84 1.84 0 0 0 .763-.58c.215-.28.355-.808.613-1.765l.517-1.927c.495-1.85.775-2.873.603-3.475a2.309 2.309 0 0 0-1-1.313c-.538-.323-1.594-.323-3.51-.323h-1.129c-.226 0-.473 0-.72-.15a1.087 1.087 0 0 1-.464-.614c-.075-.301 0-.528.076-.754.957-2.97.603-4.26.301-4.777-.183-.312-.44-.506-.774-.57-.14-.033-.377-.033-.549-.033Z\" class=\"icon-base\"\/><\/default:svg><\/span> <span class=\"text-base leading-4\">Yes<\/span><br \/>\n            <\/button><br \/>\n            <button type=\"button\" class=\"HelpfulCTA-btn HelpfulCTA-btn--no border-2 border-blue-600 text-blue-600 rounded px-6 py-2 transition font-semibold flex items-center gap-2 hover:bg-blue-50\" data-cta-no=\"\" data-beam-element-clicked=\"\" id=\"did-you-find-this-helpful-no\" data-type=\"button\" data-location=\"article-bottom\" data-position=\"banner\" data-text=\"No\" data-outcome=\"response submitted\"><br \/>\n                <span class=\"Icon\"><default:svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"Icon-glyph\" viewbox=\"0 0 24 24\" fill=\"currentColor\" focusable=\"false\"><default:title>Thumbs Down Icon<\/default:title><default:path d=\"M19.26 2.175c.936 0 1.454 0 1.949.247.452.226.818.592 1.044 1.043.247.495.248 1.012.248 1.948v7.678c0 .936 0 1.453-.248 1.948a2.333 2.333 0 0 1-1.044 1.042c-.495.248-1.013.248-1.95.248h-.16c-.937 0-1.454 0-1.95-.248a2.33 2.33 0 0 1-.885-.777c-.637.596-1.79 2.176-3.314 5.155-.183.365-.312.602-.538.828a1.924 1.924 0 0 1-.722.441c-.258.086-.484.097-.742.097l.022-.011a5.39 5.39 0 0 1-.905-.064 2.741 2.741 0 0 1-1.852-1.345c-.71-1.216-.721-3.066-.022-5.496h-.516c-2.283 0-3.424 0-4.34-.548a3.843 3.843 0 0 1-1.722-2.248c-.29-1.033 0-2.13.593-4.324l.517-1.925c.312-1.162.484-1.786.882-2.323.377-.495.872-.871 1.443-1.097.624-.248 1.281-.248 2.476-.248h4.597c.42 0 .635 0 .84.032.215.032.431.086.636.15.193.065.387.162.753.345l1.702.864c.017-.04.033-.082.053-.122a2.333 2.333 0 0 1 1.044-1.043c.496-.247 1.013-.247 1.95-.247h.16ZM7.503 3.798c-1.022 0-1.54 0-1.862.13-.302.118-.56.322-.765.58-.215.28-.345.775-.614 1.753l-.517 1.926c-.495 1.85-.775 2.871-.602 3.474a2.308 2.308 0 0 0 1 1.312c.539.323 1.594.322 3.51.322h1.142c.236 0 .473 0 .72.15.227.14.388.367.453.625.075.28 0 .516-.075.742-.959 2.969-.603 4.27-.301 4.775.183.312.44.506.774.57.162.033.41.033.572.033.128 0 .203 0 .236-.01.021 0 .085-.044.107-.065.032-.032.14-.237.227-.399 2.208-4.308 3.556-5.671 4.352-6.102a39.945 39.945 0 0 1-.003-.523v-7.79L13.63 4.175c-.28-.14-.41-.215-.56-.27a1.796 1.796 0 0 0-.344-.085c-.151-.022-.313-.01-.625-.022H7.503Zm11.596.001c-.625 0-1.077 0-1.228.076a.72.72 0 0 0-.323.322c-.075.15-.075.603-.075 1.226v7.68c0 .623 0 1.075.075 1.226.075.14.183.247.323.322.15.075.603.075 1.228.075h.16c.625 0 1.078 0 1.228-.075a.778.778 0 0 0 .324-.322c.075-.151.075-.603.075-1.227V5.423c0-.623 0-1.076-.075-1.226a.722.722 0 0 0-.324-.322c-.15-.076-.603-.076-1.227-.076h-.161Z\" class=\"icon-base\"\/><\/default:svg><\/span> <span class=\"text-base leading-4\">No<\/span><br \/>\n            <\/button>\n        <\/div>\n<\/p><\/div>\n<p>    <!-- Yes Form --><\/p>\n<p>    <!-- No Form --><\/p>\n<div class=\"HelpfulCTA-thankyou flex flex-col items-center gap-2\" data-cta-thankyou=\"\" style=\"display:none;\">\n<p>Thank you for your<br \/>\n            feedback!<\/p>\n<p>Your input helps us improve our<br \/>\n            content and services.<\/p>\n<\/p><\/div>\n<\/div><\/div>\n<p>Read the full article <a href=\"https:\/\/www.bankrate.com\/banking\/savings\/online-vs-brick-and-mortar-banks\/\" target=\"_blank\" rel=\"noopener\" rel=\"nofollow\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key takeaways Online banks typically offer higher annual percentage yields on savings products and charge fewer fees than their brick-and-mortar counterparts. If you need to deposit cash regularly, you\u2019ll likely want the convenience of a brick-and-mortar bank\u2019s ATM network as many online banks don\u2019t accept cash deposits. Large brick-and-mortar banks tend to invest in their<\/p>\n","protected":false},"author":1,"featured_media":22945,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[58],"tags":[],"class_list":{"0":"post-22944","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-homes"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Brick-And-Mortar Banks Vs. Online Banks: Pros And Cons | BudgetADirect<\/title>\n<meta name=\"description\" content=\"Key takeaways Online banks typically offer higher annual percentage yields on savings products and charge fewer fees than their brick-and-mortar\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/budgetadirect.com\/?p=22944\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Brick-And-Mortar Banks Vs. Online Banks: Pros And Cons | BudgetADirect\" \/>\n<meta property=\"og:description\" content=\"Key takeaways Online banks typically offer higher annual percentage yields on savings products and charge fewer fees than their brick-and-mortar\" \/>\n<meta property=\"og:url\" content=\"https:\/\/budgetadirect.com\/?p=22944\" \/>\n<meta property=\"og:site_name\" content=\"BudgetADirect\" \/>\n<meta property=\"article:published_time\" content=\"2026-01-20T17:06:12+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-01-20T17:06:17+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/budgetadirect.com\/wp-content\/uploads\/2026\/01\/bick-and-mortar-vs-online-banks.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"News Room\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"News Room\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"9 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/budgetadirect.com\/?p=22944#article\",\"isPartOf\":{\"@id\":\"https:\/\/budgetadirect.com\/?p=22944\"},\"author\":{\"name\":\"News Room\",\"@id\":\"https:\/\/budgetadirect.com\/#\/schema\/person\/60f83002f7bcaf7b883198f8da222a50\"},\"headline\":\"Brick-And-Mortar Banks Vs. Online Banks: Pros And Cons\",\"datePublished\":\"2026-01-20T17:06:12+00:00\",\"dateModified\":\"2026-01-20T17:06:17+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/budgetadirect.com\/?p=22944\"},\"wordCount\":1894,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/budgetadirect.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/budgetadirect.com\/?p=22944#primaryimage\"},\"thumbnailUrl\":\"https:\/\/budgetadirect.com\/wp-content\/uploads\/2026\/01\/bick-and-mortar-vs-online-banks.jpg\",\"articleSection\":[\"Homes\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/budgetadirect.com\/?p=22944#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/budgetadirect.com\/?p=22944\",\"url\":\"https:\/\/budgetadirect.com\/?p=22944\",\"name\":\"Brick-And-Mortar Banks Vs. Online Banks: Pros And Cons | BudgetADirect\",\"isPartOf\":{\"@id\":\"https:\/\/budgetadirect.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/budgetadirect.com\/?p=22944#primaryimage\"},\"image\":{\"@id\":\"https:\/\/budgetadirect.com\/?p=22944#primaryimage\"},\"thumbnailUrl\":\"https:\/\/budgetadirect.com\/wp-content\/uploads\/2026\/01\/bick-and-mortar-vs-online-banks.jpg\",\"datePublished\":\"2026-01-20T17:06:12+00:00\",\"dateModified\":\"2026-01-20T17:06:17+00:00\",\"description\":\"Key takeaways Online banks typically offer higher annual percentage yields on savings products and charge fewer fees than their brick-and-mortar\",\"breadcrumb\":{\"@id\":\"https:\/\/budgetadirect.com\/?p=22944#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/budgetadirect.com\/?p=22944\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/budgetadirect.com\/?p=22944#primaryimage\",\"url\":\"https:\/\/budgetadirect.com\/wp-content\/uploads\/2026\/01\/bick-and-mortar-vs-online-banks.jpg\",\"contentUrl\":\"https:\/\/budgetadirect.com\/wp-content\/uploads\/2026\/01\/bick-and-mortar-vs-online-banks.jpg\",\"width\":1280,\"height\":720},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/budgetadirect.com\/?p=22944#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/budgetadirect.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Brick-And-Mortar Banks Vs. Online Banks: Pros And Cons\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/budgetadirect.com\/#website\",\"url\":\"https:\/\/budgetadirect.com\/\",\"name\":\"BudgetADirect\",\"description\":\"Latest Personal Finance News and Updates\",\"publisher\":{\"@id\":\"https:\/\/budgetadirect.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/budgetadirect.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/budgetadirect.com\/#organization\",\"name\":\"BudgetADirect\",\"url\":\"https:\/\/budgetadirect.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/budgetadirect.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/budgetadirect.com\/wp-content\/uploads\/2024\/03\/d-icon.png\",\"contentUrl\":\"https:\/\/budgetadirect.com\/wp-content\/uploads\/2024\/03\/d-icon.png\",\"width\":512,\"height\":512,\"caption\":\"BudgetADirect\"},\"image\":{\"@id\":\"https:\/\/budgetadirect.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/budgetadirect.com\/#\/schema\/person\/60f83002f7bcaf7b883198f8da222a50\",\"name\":\"News Room\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/budgetadirect.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/1afc2a88d343f74495db9a6a6ab9121bdc256a1100a11173bc6d587e4613fb13?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/1afc2a88d343f74495db9a6a6ab9121bdc256a1100a11173bc6d587e4613fb13?s=96&d=mm&r=g\",\"caption\":\"News Room\"},\"sameAs\":[\"https:\/\/budgetadirect.com\"],\"url\":\"https:\/\/budgetadirect.com\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Brick-And-Mortar Banks Vs. Online Banks: Pros And Cons | BudgetADirect","description":"Key takeaways Online banks typically offer higher annual percentage yields on savings products and charge fewer fees than their brick-and-mortar","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/budgetadirect.com\/?p=22944","og_locale":"en_US","og_type":"article","og_title":"Brick-And-Mortar Banks Vs. Online Banks: Pros And Cons | BudgetADirect","og_description":"Key takeaways Online banks typically offer higher annual percentage yields on savings products and charge fewer fees than their brick-and-mortar","og_url":"https:\/\/budgetadirect.com\/?p=22944","og_site_name":"BudgetADirect","article_published_time":"2026-01-20T17:06:12+00:00","article_modified_time":"2026-01-20T17:06:17+00:00","og_image":[{"width":1280,"height":720,"url":"https:\/\/budgetadirect.com\/wp-content\/uploads\/2026\/01\/bick-and-mortar-vs-online-banks.jpg","type":"image\/jpeg"}],"author":"News Room","twitter_card":"summary_large_image","twitter_misc":{"Written by":"News Room","Est. reading time":"9 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/budgetadirect.com\/?p=22944#article","isPartOf":{"@id":"https:\/\/budgetadirect.com\/?p=22944"},"author":{"name":"News Room","@id":"https:\/\/budgetadirect.com\/#\/schema\/person\/60f83002f7bcaf7b883198f8da222a50"},"headline":"Brick-And-Mortar Banks Vs. Online Banks: Pros And Cons","datePublished":"2026-01-20T17:06:12+00:00","dateModified":"2026-01-20T17:06:17+00:00","mainEntityOfPage":{"@id":"https:\/\/budgetadirect.com\/?p=22944"},"wordCount":1894,"commentCount":0,"publisher":{"@id":"https:\/\/budgetadirect.com\/#organization"},"image":{"@id":"https:\/\/budgetadirect.com\/?p=22944#primaryimage"},"thumbnailUrl":"https:\/\/budgetadirect.com\/wp-content\/uploads\/2026\/01\/bick-and-mortar-vs-online-banks.jpg","articleSection":["Homes"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/budgetadirect.com\/?p=22944#respond"]}]},{"@type":"WebPage","@id":"https:\/\/budgetadirect.com\/?p=22944","url":"https:\/\/budgetadirect.com\/?p=22944","name":"Brick-And-Mortar Banks Vs. Online Banks: Pros And Cons | BudgetADirect","isPartOf":{"@id":"https:\/\/budgetadirect.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/budgetadirect.com\/?p=22944#primaryimage"},"image":{"@id":"https:\/\/budgetadirect.com\/?p=22944#primaryimage"},"thumbnailUrl":"https:\/\/budgetadirect.com\/wp-content\/uploads\/2026\/01\/bick-and-mortar-vs-online-banks.jpg","datePublished":"2026-01-20T17:06:12+00:00","dateModified":"2026-01-20T17:06:17+00:00","description":"Key takeaways Online banks typically offer higher annual percentage yields on savings products and charge fewer fees than their brick-and-mortar","breadcrumb":{"@id":"https:\/\/budgetadirect.com\/?p=22944#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/budgetadirect.com\/?p=22944"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/budgetadirect.com\/?p=22944#primaryimage","url":"https:\/\/budgetadirect.com\/wp-content\/uploads\/2026\/01\/bick-and-mortar-vs-online-banks.jpg","contentUrl":"https:\/\/budgetadirect.com\/wp-content\/uploads\/2026\/01\/bick-and-mortar-vs-online-banks.jpg","width":1280,"height":720},{"@type":"BreadcrumbList","@id":"https:\/\/budgetadirect.com\/?p=22944#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/budgetadirect.com\/"},{"@type":"ListItem","position":2,"name":"Brick-And-Mortar Banks Vs. Online Banks: Pros And Cons"}]},{"@type":"WebSite","@id":"https:\/\/budgetadirect.com\/#website","url":"https:\/\/budgetadirect.com\/","name":"BudgetADirect","description":"Latest Personal Finance News and Updates","publisher":{"@id":"https:\/\/budgetadirect.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/budgetadirect.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/budgetadirect.com\/#organization","name":"BudgetADirect","url":"https:\/\/budgetadirect.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/budgetadirect.com\/#\/schema\/logo\/image\/","url":"https:\/\/budgetadirect.com\/wp-content\/uploads\/2024\/03\/d-icon.png","contentUrl":"https:\/\/budgetadirect.com\/wp-content\/uploads\/2024\/03\/d-icon.png","width":512,"height":512,"caption":"BudgetADirect"},"image":{"@id":"https:\/\/budgetadirect.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/budgetadirect.com\/#\/schema\/person\/60f83002f7bcaf7b883198f8da222a50","name":"News Room","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/budgetadirect.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/1afc2a88d343f74495db9a6a6ab9121bdc256a1100a11173bc6d587e4613fb13?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/1afc2a88d343f74495db9a6a6ab9121bdc256a1100a11173bc6d587e4613fb13?s=96&d=mm&r=g","caption":"News Room"},"sameAs":["https:\/\/budgetadirect.com"],"url":"https:\/\/budgetadirect.com\/?author=1"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/budgetadirect.com\/index.php?rest_route=\/wp\/v2\/posts\/22944","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/budgetadirect.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/budgetadirect.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/budgetadirect.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/budgetadirect.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=22944"}],"version-history":[{"count":1,"href":"https:\/\/budgetadirect.com\/index.php?rest_route=\/wp\/v2\/posts\/22944\/revisions"}],"predecessor-version":[{"id":22946,"href":"https:\/\/budgetadirect.com\/index.php?rest_route=\/wp\/v2\/posts\/22944\/revisions\/22946"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/budgetadirect.com\/index.php?rest_route=\/wp\/v2\/media\/22945"}],"wp:attachment":[{"href":"https:\/\/budgetadirect.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=22944"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/budgetadirect.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=22944"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/budgetadirect.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=22944"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}