Originally Posted by goodwill7148
In order to open an online banking account following are the steps that are required.
Step 1: Choose an Institution
Step 2: Visit the Website
Step 3: Select the Product You Want
Step 4: Supply necessary Information
Step 5: Accept the Terms
Step 6: Print, Sign, and Mail (If Applicable)
Step 7: Congratulate Yourself!
All banks will comment on how fast it is to apply for their online banking accounts claiming that all they require is 5 minutes of your time to fill in a simple application form when you apply for an online bank account.
I think you missed two inportant points.
1b - Checking the reputation of the institution
2b - Checking the security in place on their online banking system
Two very important considerations if you intend to bank with anyone long term.
*edited to remove link*