Online banking, also known as internet banking, is an electronic payment system that enables customers of a bank to conduct a range of financial transactions through the bank’s website. Here is a list of the top online bank accounts:

Simple : Usually a customer spends money according to their balance. Simple bank accounts are there to provide the customers with a Safe-to-Spend balance. It is an estimate of the amount of money you can spend from your balance, upcoming bills, and other goals. This is an excellent way to keep a tab on the expenses as that helps to plan out a budget and stick to it. All withdrawals can be made at any ATM. Withdrawals and overdrafts are fee-free.

Discover cash back checking : To open a bank account online for the Discover cash back checking, a customer needs to have a product from Discover. This could be a credit or debit card, or a savings account. Discover’s cash back checking account allows a customer to earn a minimum amount of $120 each year, through various schemes and offers. The customer will also have access to over 60,000 fees free ATMs. The only problem accompanied with this account is that the customer can only deposit money at the Delaware branch of Discover banks.

Ally interest checking account : An Ally interest checking account comes with acceptable interest rates, more than around 43,000 surcharges free ATMs and a splendid customer service. Ally offers an online guide on online banking to customers who are first timers. Ally also has a 24/7 customer care helpline.

360 checking by capital one : This kind of a Capital One account has a better credit and overdraft facility than most other financial institutions. Majority of the loans have an interest rate of 12% and all overdraft amounts can be paid off with money from the savings account. The bank may also decline charges that you may not be able to afford to cover. A customer of this service can use the online and mobile banking options and also has access to over 40,000 ATMs.