Online Banking

Online banks and bank accounts are regulated by both state and federal statutory law. Online bank accounts may be established by national and state chartered banks and savings associations. All online banks are regulated by the law under which they were established. The operation of online checking accounts is governed by state law supplemented by some federal law. Online banking services include a variety of financial products including checking accounts, savings accounts, retirement accounts, CDs, IRSa, money market accounts, loans, mortgage lending, auto lending and more. Banking services are increasingly moving to online services to increase efficiency, lower costs and improve customer satisfaction.