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Evan M. Haines, CFP®, ChFC®, RICP®

Financial Advisor

 

Prudential Advisors

222 Independence Street

PO Box 632

Perryopolis, PA 15473

 

Phone:  724-736-2130

 

Email: evan.haines@prudential.com

January/February 2024

Digital-only Banks: Yay or Nay?

Digital-only Banks Yay or Nay

Digital-only banks — banks that have no physical locations but exist only online — are making some inroads into the banking industry. A recent Harris Poll found that 39% of respondents had opened a bank account with an online-only institution.


Consumers said they’d consider these major factors when deciding whether to open an online-only bank account. (See image.)


Source: The Harris Financial Services Poll, December 2022

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