Best options for those who don't trust online banking

Although many people consider online banking is highly convenient, others don't think it's secure enough. Here are some alternatives for those who don't trust online banking.

Online and mobile banking provides the chance to make online banking transactions without paying a visit to your bank branch. However, this method also comes with security risks: your computer can be hacked or your transactions intercepted.

So, if you are concerned about the security risks of online banking and would rather analyze other options, you should read the following guide.

Alternatives to online banking

Good news! Traditional banking hasn't disappeared! You may forget about it, and it definitely is becoming less common, but still exists and definitely is an option.

With traditional banking, you can receive monthly paper bank statements, pay bills, make deposits, receive payments and withdraw money from the teller window instead of an ATM.

Bear in mind that this is a less convenient method and that most of the businesses use online banking nowadays.

This is a mixed alternative in which you use traditional banking for some transactions while still using online banking. Hybrid banking is ideal for those who have already started using online banking.

In this case, you can use both methods depending on which one suits you best at the time. For example, you may not always receive payments by paper check, so you will then receive electronic deposits.

Regarding paper statements, most banks send electronic statements and they may even charge a fee per statement. So, bear in mind that you may have to pay between $1 to $5 per paper statement.

Another option for online banking is using a prepaid debit card. This way, you load the card and then can make purchases just like you do with any other card.

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