Over the last ten years, there has been a substantial growth in online banks. Are you familiar with the type?
Their style of business avoids operating physical branches and instead, focuses on being entirely digital. And while these banks can be great for some, it's important to understand their true cost.
There are tons of banks out there, each competing for your business. How do you know who you can trust with your finances? Here are some reasons why big banks just don’t stack up against small, local banks.