Have you thought about online banking, but then held back because you love your brick-and-mortar locations? You aren’t alone, but you could also be missing out.
Online banks have less overhead, which means higher interest rates and lower fees than brick-and-mortar banks offer. Many banks, like Radius Bank, pass the savings along to you.
Radius Bank takes things a step further though – they aren’t your typical online bank.
Check out the top reasons you should consider Radius for your online banking needs.
What is Radius Bank?
Radius Bank earned the ‘Best Online Bank’ award from Bankrate in 2020 for many reasons. It’s not your typical online bank. Users enjoy:
- A user-friendly mobile banking app
- No ATM fees – Radius reimburses all ATM fees
- High APYS
In business since 1987, Radius has always evolved with the times, which is why today they have a market leading app that provides benefits other online banks don’t offer.
Anyone can benefit from an online bank, but Radius Bank is especially right for you if you:
- Love earning cash back on everyday purchase. Radius pays 1.0% of your purchase in cashback rewards. They also run specials, allowing you to earn bonuses in certain categories, increasing your cashback potential.
- Want to earn high-interest rates. Earn 0.05% - 0.15% APY on checking accounts and 0.05% - 0.25% on savings with minimum opening balances no higher than $100.
- You are tired of paying ATM fees. Receive rebates on all ATM fees with Rewards Checking or SuperHero Checking, which means no more ATM fees!
- Want early access to your direct deposits. Radius Bank offers access to your hard-earned funds up to 2 days before payday.
How do you Bank Online?
Many people wonder how it’s possible to bank online, but Radius Bank makes it easy.
Deposits are often the hardest thing to comprehend. How do you deposit money to an online bank? Radius Bank has a network of more than 325,000 ATMs throughout the country, all of which are a part of the NYCE Sum and MoneyPass ATM networks. You can deposit your money in any of the participating ATMs for easy deposits. Whether you’re home or traveling, there’s always a way to access your cash.
You can also deposit your checks via the Radius Bank mobile app from the comfort of your own home. It takes just seconds to snap a picture and deposit your check.
The best thing about this, other than being able to make deposits from anywhere is the 24/7 access you have to your account. There’s no more waiting for banks to open or fitting it into your already tight schedule – make deposits or withdrawals when it’s right for you.
No Monthly Maintenance Fees
Are you tired of logging into your bank account only to find that you are $5 - $10 shorter than you thought because of the pesky bank fees? Even if it’s just $5, that’s $60 a year and $60 you could invest in yourself whether in your savings account or socking away for retirement.
Radius Bank doesn’t charge monthly maintenance fees and once you open the account with at least $100, there are no minimum balances required. It’s worry-free banking at its finest.
A worry most people have with online banking is customer service. If you’re used to driving up and talking to a teller or even going inside the bank, it can feel different, but Radius Bank makes it easy!
They have extensive customer service hours on the phone and online chat. You choose the method you’re most comfortable with and contact customer service during the following hours:
- Monday – Friday 8:30 AM – 12:00 AM ET
- Saturday – Sunday 8:00 AM – 8:00 PM ET
- Social media support (Twitter) Monday – Friday 8:30 AM – 8:00 PM
Applying is Simple and Secure
Online banking creates security issues that many people think can’t be overcome. Radius Bank takes security seriously. They use 256-bit encryption for the application process, ensuring all data is properly secured upon transmission. They also use:
- Superior anti-virus software
- Advanced firewalls
- Security questions for authentication
- Automatic logging out if you don’t have activity for a few minutes
- No storing of personal information
- Continually monitoring for fraud
Once you apply, the security doesn’t stop. Radius Bank is FDIC insured, so all deposits are insured up to $250,000. Radius Bank also takes fraud, phishing, and other security threats seriously. They continually update their software, and stay up-to-date on the latest threats, keeping their clients safe throughout.
Who Should use Radius bank?
Honestly, anyone can benefit from this online bank. Not only are the APYs higher – who doesn’t love earning more interest? But the fees are lower and the benefits are greater. Get in the habit of using your Radius Bank debit card for all your purchases and you’ll quickly watch your cashback add up.
What could you do with the cash? The sky is the limit. Whether you invest it in yourself by placing it in a CD or IRA, you sock it away for an emergency in an online high-yield savings account, or you keep it in your checking account, you’ll benefit.
Radius Bank pays interest on many of its checking accounts and all savings and money market accounts. Let your money work for you and start building that nest egg you’ve always dreamt of having. Whether you save for a rainy day, to travel the world, or for retirement, it’s easy to do with Radius Bank.
The application process takes less than 3 minutes and you could be well on your way to healthier finances just for making the choice to invest in yourself. Are you ready to see how Radius Bank can turn your finances around today?