The Bankwatch

Online only Banks (branchless Banks)

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1. How about http://www.mybankingdirect.com? It’s a web only operation under the New York Community Bancorp…similar to iGoBanking from Flushing.

   

   David Saber

   November 30, 2006 at 12:15
2. Thanks … its in that fuzzy group like iGoBanking that are branded divisions within a regular Bank. Its hard to know where to draw the line. HSBC Direct is in that category too.

   MyBankingDirect.com
   is a service of New York Community Bank – member FDIC. New York Community Bank has been meeting the financial needs of our neighbors since 1859.Operating through seven community banking divisions, we serve our customers through a network of over 137 full service branches throughout the New York Metro area including the 5 boroughs of New York City,
   Nassau and Suffolk Counties on Long Island, Westchester County and Northern New Jersey. We’re also the region’s largest
   supermarket banking franchise, with 47 of our branches conveniently located in-store.

   

   Colin

   November 30, 2006 at 12:19
3. Rabo Direct is also present in Belgium with an on line only bank.
   http://www.rabobank.be/

   

   Marc Lauwers

   November 30, 2006 at 12:53
4. FYI, pcfinacial.ca is a division of CIBC.

   I am shocked at the number of online only banks in poland, does any one know, why this is? That is a large number compared to the rest of European countries

   

   Sam

   December 4, 2006 at 10:23
5. Don’t forget about Virtual Bank:

   Virtual Bank

   

   Informed Banker

   December 23, 2006 at 12:26
6. Citizensbank of Canada is also a virtual bank http://www.citizensbank.ca

   

   Pierre

   January 3, 2007 at 13:41
7. First Internet Bank of Indiana
   https://www.firstib.com/

   

   Bill Karbler

   March 23, 2007 at 07:40
8. Nationwide Bank is now a direct bank
   http://www.nationwidebank.com/

   

   Bill Karbler

   April 11, 2007 at 08:28
9. https://www.fnbodirect.com – is another

   

   Dan Harley

   April 20, 2007 at 12:18
10. You have mentioned hsbcdirect.com under your US listing. http://www.hsbcdirect.ca offers the same great rates and online facility for Canadian online savings accounts – definitely worth checking out.

    

    Carolyn

    June 14, 2007 at 12:11
11. Carolyn … thanks for stopping by …. its a good sign that you found this discussion

    

    Colin Henderson

    June 14, 2007 at 17:16
12. Recent research by CapGemini in the Netherlands outlines that 54 % of the customers do not visit their bank branch any more and exclusevly use internet and telephone to stay in touch and execute transations.

    See: http://www.nl.capgemini.com/m/nl/n/pdf_Onderscheidend_vermogen_voor_banken_noodzakelijk_voor_binden_van_klanten.pdf

    

    Donald

    June 20, 2007 at 15:47
13. [...] Source; commentscomments [...]

    Holland | 54 % of the customers do not visit their bank branch « The Bankwatch

    June 20, 2007 at 18:50
14. What about Rabobank who has on line banks in five countries:
    http://www.rabodirect.ie
    http://www.raboplus.co.nz
    http://www.bizner.nl
    http://www.rabobank.be
    http://www.raboplus.com.au

    

    Pieter Lambrechts

    June 24, 2007 at 02:50
15. Which ones offer deposit my internet? (USAA for the military does-they just scan it using your scanner) Any others?

    

    Candy

    April 28, 2008 at 13:19
16. I am researching the topic of retail bank profitability for a conference I am developing and came across this discussion.
    As a Brit living in Holland I had to laugh at the CapGemini study that 54% Dutch customers do not visit their bank branch. The reality is that they have all closed down and it is impossible to find a human being behind a desk in holland – Thats why!

    

    Rhiannon

    June 14, 2008 at 23:32
17. @Rhiannon … just curious – what is the nature of the conference?

    

    Colin

    June 15, 2008 at 11:25
18. Hi Colin,
    I work for a company that organises business conferences . I only started researching this particular topic this weekend…it will be a retail banking summit on optimising product profitability and customer revenue… It will focus on business strategies used to optimise customer ROI rather than specific examples of products that have been developed. Like I say I am in the initial phase of reading about the topic which is why I was happy to have stumbled across this website.
    Cheers, Rhiannon

    

    Rhiannon

    June 15, 2008 at 23:24
19. a new branchless bank in australia

    

    Gerd

    November 22, 2008 at 03:19
20. http://www.ubank.com.au

    

    Gerd

    November 22, 2008 at 03:19
21. UK internet only banks I can think of given your current examples…

    First Direct (part of HSBC)
    Egg (part of Citi)
    http://www.smile.co.uk/ (part of Co-op)
    http://www.if.com/ (part of HBOS)
    http://www.mint.co.uk/ (part of RBS)

    Zopa – p2p lending only

    

    Elsa

    December 3, 2008 at 19:42
22. [...] veces más peso digital que físico, eliminando costos de agencias, papeles y demás trámites. Hay bancos que funcionan únicamente en línea y como ha pasado con otros servicios, cada día el canal virtual tendrá mucha más importancia, [...]

    Algunas cosas que me encantan y otras que detesto de mi banca en línea

    January 19, 2009 at 06:41
23. [...] veces más peso digital que físico, eliminando costos de agencias, papeles y demás trámites. Hay bancos que funcionan únicamente en línea y como ha pasado con otros servicios, cada día el canal virtual tendrá mucha más importancia, [...]

    Buzzeando » Algunas cosas que me encantan y otras que detesto de mi banca en línea

    January 22, 2009 at 20:58
24. When you think about so many of the banks mentioned in this article, and how they are closely associated with brick-and-mortar institutions, you get the sense that “internet bank” is a tough moniker to live up to. The fact is that there are no more than an extremely few “internet banks” — banks ONLY online — to me indicates that a pure, monoline financial services business, focused on whichever product, just doesn’t have much of a shot at success. Hear that MBNA?

    

    JJ Hornblass

    March 3, 2009 at 01:36
25. Etrade is trustworthy.

    

    MS TAMIE

    May 31, 2009 at 17:40

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