Relate the costs or disadvantages to the type of banking. higher security risk fewer specialized services time spent traveling to a physical location little or no access to expert financial advice

Online banks advantages: relatively high interest rates, stellar customer service, low fees, and the added bonus of 24/7 access to your finances with the click of a button.  Still, online banking isn't for everyone, and the line between the two is becoming blurred as more banks ramp up their web presence to compete. Disadvantages may be the lack of security of online banks, data theft is a very real risk these days. ATMs are not always available for online banking, lack of customer service, among others.