Internet banking can be a significant time savings, and has become the standard way that people manage their checking account, debit account, or bill pay. Some vendors charge high interest, some give good deals with a savings account, some offer a free debit card or a linked credit card for online savings access and bill pay. Online banking with a high interest account, money market accounts, or high interest savings account sometimes results in the best savings rates and free features.
On the other hand, there are legitimate security concerns with online banking, and the consolidation of banks like b of a online banking means that there is less incentive to provide good customer support. Before you open an account online, what are you worried about? What experiences have you had? Which banks have been good and which have been nightmares?