No. of Recommendations: 2
Should you switch to an online-only bank?

My primary "bank" is Alliant Credit Union. They aren't technically online only, but from a distance of over 1000 miles they might as well be. I maintain a small amount of money in a local credit union, in part from tradition and in part because I occasionally need to deposit a paper check.

So, Alliant came out with an app that lets me do an online deposit of a paper check. I tested it out with a recent reimbursemant from dental insurance, and it worked flawlessly. I was contemplating going online only, thinking about what I'd have to disengage from the local credit union so everything still worked.

The first thing I found was my Treasury Direct account, which was linked to the local credit union. Okay, add an account. Doesn't work. The Bureau of Public Debt wants me to fill out a paper form, get a signature guarantee (notarized isn't good enough), and mail it in. To get a signature guarantee, I need a relationship with some financial institution that has a physical presence in the area.

Heh. It seems that while the Bureau of Public Debt wants to save administrative costs by only selling savings bonds electronically, they aren't big on a purely electronic business model. I *still* can't quite go online only.

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