Why It’s Time to Consider Internet Banks

By Emmet Pierce

Daniel Lugasi, portfolio manager at VL Capital Management LLC, said internet banks are gaining popularity among people who want to maximize the return on their savings.

“The rapid rise of internet banking in recent years has created a real threat for the traditional model of physical branches,” he said. “As more banking is done online and transactions become increasingly cashless, we should expect to see a continued shift to online banks.”

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