The U.S. Census Bureau reports the average American will move 11.7 times during their lifetime. This year, more than 40 million Americans will move to new residences.
Even though we are not afraid to “pack it up,” moving is one of the most stressful experiences one can endure. There are the boxes; the movers; securing new phone service; setting up utilities; and, not to be forgotten, the hassle of opening a new bank account. That is, unless you bank online.
Since online banking allows consumers to bank anywhere Internet access is available, those who change addresses never need to search for a new bank or branch. Plus, those who bank online no longer have to endure the headaches of temporary checks and waiting for a new ATM card.
Instead, they enjoy continuous access to their account before the move, while heading to a new address and even after settling into a new home.
Besides its flexibility, online banks help save money. Some online banks such as CompuBank offer free online bill paying services. CompuBank also reimburses its account holders for ATM surcharges from other banks -up to $12 per month.
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