Question

Can anyone help me with this? I've looked for the answers but I can't seem to find them (that's not unusual, my school is online and I can end up with half a lesson page missing. It just cuts off mid sentence.)
You go to a bank to open up a new account. What information should you expect from the bank to provide you in order to feel confident that your money is secured? How do you know if the bank is a legitimate bank?

Answer 1

Before you give your hard earned cash to just any Internet bank, make sure they are legitimate. Check and re-check all of the institutions' contact information. Contact them. Ask questions. Make sure they are real! There also should be an “about us” section on the site. This should tell businesses detail. How long have they existed? Who is the CFO? Who is the parent company, if any? This is your money you are entrusting to them. Make sure it is safe! Go to the FDIC web-site. Look for information about the Internet bank you are considering. If they are insured, their information will be available. 

For more information:

Read more: http://www.finweb.com/banking-credit/is-your-internet-bank-legitimate-how-to-tell.html#ixzz4PKL0rVJ8


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