virtual or e-banking

If you don't mind foregoing the teller window,
lobby cookie and kindly bank president, a "virtual"
or e-bank, such as Virtual Bank or Giant Bank,
may save you very real money. Virtual banks are
banks without bricks; from the customer's
perspective, they exist entirely on the Internet,
where they offer pretty much the same range of
services and adhere to the same federal
regulations as your corner bank.
Virtual banks pass the money they save on
overhead like buildings and tellers along to you in
the form of higher yields, lower fees and more
generous account thresholds.
The major disadvantage of virtual banks revolves
around ATMs. Because they have no ATM
machines, virtual banks typically charge the same
surcharge that your brick-and-mortar bank
would if you used another bank's automated
teller. Likewise, many virtual banks won't accept
deposits via ATM; you'll have to either deposit the
check by mail or transfer money from another
account.