For those who want to advantage of checking and savings accounts that are free, along with unlimited check writing
If you’re more concerned with convenience than cost, stick with what you know. And if there’s any chance that your account may get into serious debt (because there are high fees associated with overdrafts), traditional banks are much more forgiving than mobile-only ones they might even save your finances from ruin. Additionally, if you tend to keep large balances in checking and require debit cards for regular purchases and ATM withdrawals, then choose a traditional bank. That way, you can avoid monthly maintenance fees.
For those who need a little hand-holding:
If you’re not ready to navigate your account, stick with what you know—with a traditional bank. A mobile-only bank may work for digitally savvy young people, but it can be a difficult transition for older generations, especially those who haven’t done much online banking. For example, it's rare that a mobile-only bank provides free personal checks or cashier's checks (which banks issue as proof of payment) because they don't offer physical branches to make them for you. In fact, most mobile-only banks don't have any physical locations at all and tend to not allow personal bankers to give face-to-face advice on their accounts.
For Those who need to bank for large businesses:
If you run a large business, then choose a traditional bank—not a mobile-only one. Mobile-only banks aren’t meant for companies that have multiple locations or employees and typically don’t offer products like business checking accounts or merchant services. Additionally, if you have any tax liabilities from your business, traditional banks are much better equipped to handle them than their mobile counterparts. This is because most traditional banks offer online banking and bill pay, which makes it easy to manage your personal and business finances together—especially when it comes time to file taxes at year's end.