The pros and cons of online-only banks

We do just about everything online these days — shopping, staying in touch with friends, syncing up for work meetings and even dating. So it is only natural that banking should follow suit.

Online-only banks provide many of the same services as traditional banks, but they lack the option of in-person interactions at branch locations, offering websites and mobile apps instead. While banking online boasts the obvious convenience of getting your finances in order without leaving the comfort of your couch...