Unlike traditional banks that must cover the costs of brick-and-mortar locations, online banks don't have the same costs. Therefore, they can offer more advantageous interest rates and lower to no fees at all. Here are the most important aspects you should consider when searching for the best online bank that suits your needs and preferences: • Fees - high banking fees will eat into the users' overall bank balance. Search for those online banks that offer lower fees, including overdraft fees, monthly fees, and the fees of ATM withdrawals. With the right bank, you can avoid those fees; • Account minimums - things like good balance requirements and lower minimum deposits will help you to maintain your account a lot easier. So, pick a digital bank that meets your needs in terms of financial comfort; • APYs - to get the most of their money, digital bank clients must find an institution that pays good APYs. Digital banks often pay higher rates; • Products - you should also choose an Internet banking service based on its offered products. Some of these companies are full-service institutions. They provide savings accounts, checking accounts, CDs, money market accounts, and other products as well; • Customer support - with an online bank, you won't have access to a physical location. So, your overall customer experience matters a lot.Opt for a company that offers many contact alternatives; • Safety - the best type of digital bank is the one insured by the FDIC which stands for “Federal Deposit Insurance Corporation.” That way, you will be covered in case of bank failure. Your account should also be NCUA-insured (National Credit Union Administration); • ATM network - for some of you, having quick access to your cash is crucial. Therefore, you should search for a digital bank that provides a large ATM network that is also fee-free; • Online banking experience - in the online banking industry, one of the most important aspects is convenience. The main interactions of the users will occur on the company's online platform and its mobile app. Choose a bank that features an intuitive and user-friendly interface.