The 5 benefits of online banking
It’s convenient. It’s easy. See what else online banking has to offer.
Ask anyone what comes to mind when they think of things that make their lives easier, and they’re likely to say cell phones, household appliances, or cars. Yet one of the biggest boosts to easy living in recent years has been the arrival of online banking. Just think about it. No more lines. No dealing with the post office and stamps. And no more chasing down branch managers just to find out the balance of your account.
Because your financial security, convenience, and peace of mind are top priorities for Discover®, we strive to provide you with the highest level of online banking services.
Customers can enjoy the benefits of online banking from their computer or mobile device to a full range of services, allowing you to:
- Check balances on accounts and view records of your transactions
- Pay bills automatically each month with easy-to-set-up auto payment
- Transfer funds between accounts
- Download or print statements for your tax or personal records
- Access your account 24/7
Whether you’re topping off your savings or covering a bill, it’s easy to move your money between 360 Checking and 360 Performance Savings accounts.1
Online banks offer many different types of accounts, including savings and certificates of deposit (CDs). These accounts often offer higher rates than brick-and-mortar banks. That’s because they have low overhead expenses and can pass their savings along to customers in the form of better rates. Opening a 360 CD allows you to lock in a rate that’s above the national average, ensuring your savings grow steadily over time.2
Online banking adds layers of security to help keep your money safe and your mind at ease. Access is password protected and secured by other identity confirmations, while sophisticated encryption technology is used to prevent unauthorized access to your personal data. Look for a bank that’s an FDIC member, which means your accounts are protected up to $250,000 per depositor, per account ownership category.
Given the growing list of conveniences and services offered through online banking, it’s no surprise that it’s grown in popularity among all age groups over the last few years. According to a Bankrate report, 77% of consumers prefer to manage their bank accounts through a mobile app or a computer.
Whether you’re depositing a check or checking your balance, Capital One’s top-rated mobile app is built to be fast and secure.3
1Smartphone access is needed to use mobile banking and the mobile app. Check with your service provider for details on specific fees and charges.
The site may be unavailable during normal maintenance or due to unforeseen circumstances.
2The claims made regarding the competitiveness of our 360 CD account rates are based on Curinos Inc. national percentile data for CD accounts on balances of $5K.
Interest on your account will be compounded and credited on a monthly basis. Your account will only receive an interest posting if the amount earned during the month rounds to at least $0.01.
3The Capital One Mobile app has a 4.9/5-star customer rating on the App Store and is in the top 10% in the Finance App category as of 11/10/2025.
The Capital One Mobile app has a 4.5/5-star customer rating on Google Play and is in the top 10% in the Finance App category as of 11/10/2025.
Smartphone access is needed to use mobile banking and the mobile app. Check with your service provider for details on specific fees and charges.
The site may be unavailable during normal maintenance or due to unforeseen circumstances.
Mobile deposits are available only in the U.S. and U.S. territories.
Deposit limits apply; you will be notified of the limit at the time you make a mobile deposit.
You will be notified of when your funds will be available.
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The information provided herein is for informational purposes only and is not intended to be construed as professional advice. Nothing contained in this article shall give rise to, or be construed to give rise to, any obligation or liability whatsoever on the part of Discover, a division of Capital One, N.A., or its affiliates.
