I do all my banking online, but the accounts are actually with brick and mortar banks.I love paying with credit cards and also online, even my brokerage and IRA, would hate going back to checks and cash and physically going to banks. But, my HOA charges me $4 for an online payment, so I mail them a check four times a year (they charge quarterly). I also started an online savings account with Discover, want to keep it separate from my other savings account and use it for an emergency fund (they pay higher interest).
Do you, and other posters, think the online banking is safe, since the emergency fund will eventually top $5000. I'm a little leery about it, I trust my physical bank more, but I also have a credit card with Discover.
I think online banking is safe, at least as safe as writing checks. I've been doing it at least 15 years now with no problems.
By online banking, do you mean having an account with a bank that is ONLY online, or do you mean doing all your banking online?