Friday, July 9, 2010

Will my money be safe if i enrolled with online banking?

Pretty much any bank doing business in the US must have deposit insurance. If you have a question about whether your bank is an FDIC insured bank, look at:





http://www2.fdic.gov/idasp/main_bankfind...

Will my money be safe if i enrolled with online banking?
Maybe. If the operation has a bricks-and-mortar address, and has FDIC insurance, it's probably safe. ING Direct appears to be satisfactory.
Reply:I've been doing online banking since it was invented. Most banks are FDIC insured.


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