Choosing an Online Banker

When selecting a bank for your online account, look for thefollowing:

* How long has the bank been doing business? Is it insured bythe Federal Deposit Insurance Corporation (FDIC), the statethey're in, or another legitimate insurer?

* If you already use a particular financial-management program,do the bank's computer programs match yours? If you needsoftware, will the institution provide it?

* What services does the bank provide? What is the monthly fee?How many free transactions are you allowed each month?

* How many checks will the bank write before passing on asurcharge? Will the bank issue paper checks for those creditorsthat don't accept electronic payments?

* How do you deposit or withdraw cash? Does the bank include anATM card or debit card? How much will it cost you?

* Does the bank also provide other services, such as investmentand financial services?

* Reliable banks provide reliable customer service. Before yousign up, contact the bank by telephone and e-mail. Can you talk toa real person on the phone? When you send an e-mail message, do youget a prompt reply?

* Study the bank's Web site. Is it well-designed and easy touse? Does it load quickly? Does it provide a demonstration of itsonline-banking program? Does it provide links to sites that coveryour other interests, such as stock-market quotes or businessnews?

If you decide to do your banking online, you may eventuallyobtain loans, trade stocks and bonds and get business advice--allat your own online branch office.