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No. of Recommendations: 1
He's a bit skeptical about a hitherto unheard of internet only bank.

They are making money.

I am in the process of moving to them from UmbrellaBank, and I was at USABancshares before them.

I basically hate banks and I have no loyalty to any of them. But since Bank of Internet pays 2.75%, 24 hour access to my account, download transactions, pay bills, and get cash at any ATM without a fee charge, I like them.

For any bank, it is best to watch their bottom line. FDIC is good, but it will make your life difficult if you have to deal with them. So I go with the bank that is making money since it will likely to continue.

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