Sunday, August 19, 2007

The internet is changing the face of banking

But will it make traditional brick and mortar banks obsolete? I don't think so. Not in the near future anyway. However, in 10-15 years, I could see traditional banking going by the wayside.

The younger generation seems more likely to do internet banking than most older folks. As a matter of fact, I've been contemplating opening a bank account from a overseas bank since I spend a lot of time there. Needless to say, I would do almost all of my banking online. Then when I go to that country, I would have access to my money without having to pay fees.

So what do you think? Would you bank online only?

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