Moving? Now Is The Time To Switch To An Internet Bank

Americans are on the move. More than 40 million people in the U.S. are expected to relocate to a new home this summer.

Moving comes with numerous hassles, including switching banks. Uprooting your finances can be frustrating and time consuming. But there's a way to smooth the move: banking online.

"If you are relocating, you've got plenty to keep you busy once you get to your new home," says Jerry McCoy, chief marketing executive at NetBank. "You can scratch 'open bank account' off your list before you ever move by opening an account online."

Internet banks, by avoiding the costs of building and staffing branches, can reduce their operating expenses, thereby passing on additional savings to consumers in the form of higher interest rates on deposits (up to five times the national average) and lower fees.

Consumers also have greater control over their finances while benefitting from such online services as real-time account management, free online bill pay, account-to-account transfers, mortgage and auto loans and homeowner's insurance.

College students, many of whom will move several times in one year, have even more reason to switch to an online bank. NetBank makes electronic transfers of funds between accounts simple and easy.

The concept of Internet banking is rapidly gaining ground. According to the Online Banking Report, 36 million American households were banking online in 2004. This figure is predicted to rise to 50 million by 2008.

For movers, there's one mo

e advantage: never having to switch banks again.

"As a true national bank, NetBank customers never have to change banks, no matter where life takes them," McCoy says.



By: Rick Young