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What's Next? Online Banks.

This is not your father's checking account. Today's online business banking services do the work for you so you can get back to business as usual.

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This story appears in the February 2001 issue of Entrepreneurs Start-Ups magazine.

Online banking started as and continues to be primarily a consumer-targeted service, but the vital business banking sector is increasingly becoming a focus for banks big and small. If you're one of the millions of start-ups considering using an online bank, it can be difficult to decide which one of the local, regional or national banks will be best. In the table below, we make that choice a little easier by comparing and contrasting key features of the online offerings of some of the nation's biggest banks.

You'll see that you can do a lot of banking-probably far more than you would imagine-using only your PC and an Internet connection. And if you don't see what you need in the way of online access to banking services and information, be patient: John Hagerty, vice president of e-business applications at Boston research firm AMR Research Inc., says banks are preparing to offer online services that simply couldn't have existed before the Internet.

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