**FAQs**

**1. How much does online banking cost?**
Online banks are generally more affordable than traditional banks. They’re less likely to charge monthly maintenance fees on checking and savings accounts, and many have fewer hidden fees, too.

**2. What’s the interest rate on an online bank account?**
The interest rate on an online bank account varies depending on the individual bank, but many online accounts feature higher yields than traditional banks. Online banks have less overhead and can pass on the savings to customers through higher rates and lower fees.

**3. How do you enroll in online banking?**
Enrolling in online banking is usually straightforward. With online-only banks, enrollment is often automatic, and you may just need to create a unique username and password. You may also need to link an external funding source to transfer money into your account.

**4. Can you get a mortgage from an online bank?**
Some online banks offer home loans (mortgages) and other credit products. Look for a “Mortgages” or “Home Loans” tab on the bank’s website. It’s important to note that some online banks may outsource mortgage origination to other companies.

**Conclusion**

Online banking offers a convenient and efficient way to manage your finances. With a wide range of online banks to choose from, each offering unique features and benefits, consumers have a variety of options to suit their needs. Whether you’re looking for high yields on savings, low fees, or innovative banking solutions, the best online banks highlighted in this article can help you achieve your financial goals. Make sure to consider factors such as account costs, interest rates, enrollment process, and mortgage options when selecting the best online bank for your needs.

By taking advantage of the benefits of online banking, you can enjoy 24/7 access to your accounts, higher interest rates, and user-friendly digital platforms to help you manage your money effectively.