Advertising
Advertising

8 Time-Saving Online Banking Services

8 Time-Saving Online Banking Services

Ask The Entrepreneurs is a regular series where members of those involved in the Young Entrepreneur Council are asked a single question that aims to help Lifehack readers level up their own lives, whether in a area of management, communication, business, or life in general. Here’s the question posed in this edition of Ask The Entrepreneurs:

What’s your favorite online-only banking service, for personal or business use?

1. Ally

Andrew Schrage

    My favorite online-only banking service is Ally (www.ally.com), mostly because of its stellar customer service. Nothing upsets me more than having a difficult time contacting an online-only banking provider when I have a question, but Ally poses no problem. A CSR always answers the phone promptly and quickly takes care of my needs. – Andrew Schrage, Money Crashers Personal Finance

    Advertising

    2. Dwolla

    doreen-bloch

      Dwolla (www.dwolla.com) is a new tool we’ve been using at Poshly for online banking. It’s the best peer-to-peer money transfer system I’ve seen so far. It’s incredibly simple to set up, and their customer service is incredible. We have our team using it for reimbursements and monthly paychecks. – Doreen Bloch, Poshly Inc.

      3. Bill.com

      Advertising

      David Ehrenberg

        While Bill.com (www.bill.com) isn’t exactly an “online-only banking service,” it is a fantastic online bill pay service, offering a great way to streamline your payables while eliminating paper. You can easily enter bills, pay them (or submit for approval), record payments, create invoices, send invoices, and send invoice reminders. Clients can even sign in to a secured portal to pay invoices. – David Ehrenberg, Early Growth Financial Services

        4. Chase

        W. Michael Hsu

          Chase (www.chase.com) has been pretty tech-savvy with their online banking, and, so far, we’ve had great pleasure working with them. I’d say their strength is allowing read-only access for your advisers to pull data from, and their weakness is some of the transaction descriptions they provide. Overall, I’d give them an eight out of ten for ease of use, as well as price point. – W. Michael Hsu, DeepSky

          Advertising

          5. Charles Schwab

          Nathalie Lussier

            I love Charles Schwab (www.schwab.com/) because their interface is straightforward; They have an amazing mobile app, and they make banking with them really easy. You can use any ATM and they reimburse you the fees, and you can also take a picture of incoming checks with your smartphone to be deposited electronically. I’m a very happy customer. – Nathalie Lussier, The Website Checkup Tool

            6. Simple

            Advertising

            Chuck Reynolds

              For online-only banking, you have to strongly look at Simple (www.simple.com). It’s a real bank without all the fees and BS associated with the old-school mentality of the current brick-and-mortars. Other than a very nice UI, there are category features like Mint and some very useful graphing functions, too. – Chuck Reynolds, Vuurr

              7. Wells Fargo

              Chad Halvorson

                Wells Fargo (www.wellsfargo.com) has, by far, the best online banking experience I’ve ever seen. That’s not to say it couldn’t be improved, but that is to say that everything else is absolutely horrid. On a scale from one to ten, Wells Fargo’s online banking experience is a solid seven, whereas everyone else is at a three or lower. Overall, I think the online banking space is chomping at the bit for reinvention. – Chad Halvorson, When I Work

                8. PerkStreet Financial

                Lane Sutton

                  A local Boston startup, PerkStreet Financial (www.perkstreet.com), aims to provide convenience by acting as an online bank with access to ATMs, surcharge-free. Account owners earn “perks” as cash back for what they spend, hence the name. The online account is tracked via a simple interface for history and mobile alerts. Customers will appreciate 24/7 customer service, as TD Bank, Ally and other institutions have adopted. – Lane Sutton, Social Media from a Teen

                  More by this author

                  9 No-Brainer Ways to Track Employee Time Ask the Entrepreneurs: 12 Things Entrepreneurs Should Stop Doing Ask the Entrepreneurs: 9 Best Note Taking Tools Ask the Entrepreneurs: 12 Tips for Mastering Public Speaking Ask the Entrepreneurs: 9 Tasks You Should be Outsourcing

                  Trending in Money

                  130 Fun Things You Can Do This Summer Without Spending Much 235 Real Ways to Actually Make Money Online 3How to Make Money with a Blog (According to 23 Successful Bloggers) 4This List of 50 Low-cost Hobbies Will Excite You 530 Fun Things To Do With Your Friends Without Spending Much

                  Read Next

                  Advertising
                  Advertising

                  Last Updated on August 15, 2018

                  30 Fun Things You Can Do This Summer Without Spending Much

                  30 Fun Things You Can Do This Summer Without Spending Much

                  Summertime can be a real strain on your wallet. The sun is out, there are people to see, places to be; it’s no wonder you might be short of funds during these sunny months. Not everything has to cost you an arm and a leg.

                  Take some time to go through this list of 20 cheap summer activities and make some realistic goals to complete as many as you can.

                  Video Summary

                  1. Visit a strawberry festival

                  Summer is prime time for tasting strawberries. More often than not, an area that grows strawberries will have a strawberry festival. Indulge yourself in strawberry pies, jams, cakes and more!

                  2. Have a picnic

                  Take your partner or your family to the local park and enjoy a relaxing picnic. Designate each person to bring one food item of their choice to add to the fun.

                  3. Camp in your back yard

                    The summer heat can sometimes make it hard to sleep. Why not enjoy the heat outside in the yard? Pitch a tent or gaze into the night sky.

                    4. Take long walks

                    Discover something new where you live. Take the afternoon off from your chores and go for a long walk. You may be surprised by what you discover.

                    5. Break a world record

                    Breaking a world record doesn’t have to be time-consuming. You could even break one on your lunch hour. Give it a go!

                    Advertising

                    6. Go on a bike ride

                    The number of bike paths on roads in big cities has increased dramatically over the years. Take advantage, and enjoy the summer breeze.

                    7. Join a gym class

                      The gym is not everyone’s idea of a good time, but why not go with a friend a join a class? Spinning, yoga and step classes are always more fun with friends, and a lot of gyms allow you to pay-as-you-go.

                      8. Find a new hobby

                      The summer is the perfect time to find a new hobby. Serotonin (our body’s natural “happy” hormone) is produced by the sunshine and will be at a yearly high, which is great for when we want to tackle something new.

                      9. Join a sports team

                      Not all sports teams are competitive and require huge amounts of your time. Join in the fun with like-minded people, get fit, stay healthy and make some friends along the way.

                      10. Make a slip ‘n slide

                        Gather your friends, some plastic sheeting, a hose, washing up liquid if desired, and make a huge slip ‘n slide just like these guys. Granted, yours won’t be as big, but you get the idea… it’s fun!

                        11. Make a treasure hunt for your kids

                        Today’s digital world sees our children more often than not playing inside than outside. Why not create a sense of adventure by making a treasure hunt? Only rule? It has to be outside.

                        Advertising

                        12. Visit a free festival

                        Towns and cities are awash with free festivals, with themes from film to science. Scout your local area and discover something new.

                        13. Visit the zoo

                          Let’s face it: we love animals. While browsing news websites and social media networks you’re bound to come across a few pictures of cats. Take a trip to your local zoo for a better experience.

                          14. Take a road trip

                          Enjoy the open road with a few friends and take a road trip somewhere–anywhere. Just go out and enjoy the sunshine!

                          15. Play ultimate frisbee in the park

                            Frisbee is always great fun down the park, but why not turn it into more of a competitive sport by playing ultimate frisbee?

                            16. Make your own ice cream

                            Ice cream is a very versatile dessert. Make a sandwich, enjoy a cone, or simply just enjoy a bowl full. Better yet, making your own ice cream allows you to create any flavor you want.

                            17. Invite your neighbors over for a BBQ

                            Advertising

                              When was the last time you invited your neighbors over? Do you even know them? Now’s your chance. Just ask each person to bring a food item so costs don’t mount up for you.

                              18. Get a summer job

                              For many students, summer is the time for relaxation and fun. But who said earning money and being productive isn’t fun? You only get out what you put into a situation.

                              19. Attend a charity event

                              Attending a charity event is a great way to raise funds and awareness for a cause, meet new people, and generally have a good time. Search for your local charity event today.

                              20. Visit a national park

                              National parks are a great way to explore nature and learn something new. You could even volunteer and make a difference in helping restore natural habitats.

                              21. Visit your local comedy club

                                Local comedy clubs are extremely underrated. They are cheap to attend and no doubt you’ll have a barrel of laughs.

                                22. Make your own hammock

                                  Hammocks are very relaxing, are perfect for summer afternoons and are surprisingly easy to make.

                                  Advertising

                                  23. Read in your new hammock

                                  Now you have your very own hammock, the only thing left to do is enjoy it. Grab your favorite book and read to your heart’s content.

                                  24. Watch a movie outside

                                  Movies are great. Relaxing outside in the evening is great. Put them together and you’ve got a perfect combination. In D.C, Maryland and Virginia this summer, for example, you can enjoy a huge number of movies outside.

                                  25. Take a hike

                                    Hikes are a great way to keep fit and see more of Mother Nature. There are countless trails available for you to explore. Why not try some this summer?

                                    26. Learn how to fly a kite

                                    As a child, you probably had a kite and haven’t touched it since. Why not dust it off and attempt to fly it? It’s tricky, but well worth the challenge.

                                    27. Work out at the park

                                    American cities are full of parks with ample space for a work out session. No doubt you’ll be happier to work out in the sun rather than a crowded gym.

                                    28. Take your dog to the beach

                                      One of the many joys of owning a dog is taking him or her for long walks during the summertime. This joy is enhanced when visiting the beach, for both you and your dog.

                                      29. Make a summer smoothie

                                      Healthy, delicious and perfect for the summer. Not only that, there are countless recipes ready for you to try.

                                      30. Attend a free yoga session at the beach

                                      No experience needed and all skill levels are welcome. Take yourself and a buddy down to the beach and try some yoga. You’ve got nothing to lose!

                                      Read Next