Wells Fargo , on the other hand, charges a monthly access fee in addition to a check-writing fee. According to Veeneman of U.S. Bank , women are increasingly banking by computer. Beth Tenser of Baltimore said online banking is more convenient than traditional banking. It's faster than getting my statement in the mail every month. But the downside is the extra fees I have to pay.
Some banks take electronic banking one step further.
Atlanta Internet Bank exists solely on the World Wide Web, and customers make most transactions online. But because of many drawbacks, such as going through a difficult process to deposit money, a lack of customer service and extremely high ATM fees for withdrawing cash, most of the bank's customers use it for buying CDs and money-market accounts only. Many online banking services expect a major breakthrough within a year that will bring new customers into electronic banking. Bills will be sent electronically to customers and then paid automatically with money taken out of a checking account.