Insures credit union deposits. Fees are usually higher than for regular checking accounts and interest is about the same as for a regular savings account. Charters, regulates and supervises all national banks. It also supervises all federal branches and agencies of foreign banks. Regulates federal savings banks and federal savings and loan associations.
Many traditional banks offer online banking.
Online banking often includes the ability to do online bill payment. Often, this protection links a customer's accounts so, for example, funds can automatically be transferred from savings to checking when there isn't enough money in the checking account to cover a check that's been presented for payment. The amount of money that is being loaned, saved, etc. The saver records deposit and withdrawal transactions in a small book. An interest bearing account.