Thinking about opening a Virtual Bank account?
I decided to open a Virtual Bank savings account. They gave me $20 for opening it, so I figured I don’t have much to lose. I have always been an ING Direct customer, but I am trying to keep an eye out for other up and coming great online banks, so I decided to check out Virtual Bank.
ING Direct and Virtual Bank Features
Rates are current as of the writing of this article, please visit the website for up-to-date rates.
| ING Direct | Virtual Bank | |
| Minimum Balance | $0 | $100 |
| Minimum to open | $1 * | $100 |
| Interest Rate | 3.4% | 3.0% – 4.0% |
| Monthly Fees | No | No |
| FDIC Insured | Yes | Yes |
*$250 to get the $25 referral bonus
Virtual Bank security
As far as security goes, Virtual Bank really does a good job of keeping the bad guys out. They have quite a few security measure in place.
The VB user Interface
As you can see in the picture below, the interface is fairly simple and laid out nicely…
Virtual Bank interface
The $20 Virtual Bank referral bonus
One of the cool things about Virtual Bank is that they offer a $20 bonus for referrals. The referrer and the referree both make $20. Not a bad deal at all… Oh and of course it is FDIC insured, so you don’t have to worry about that! If you are interested in opening a Virtual Bank Savings account make sure you contact me so you can get the referral bonus cash!!
Also, if you are a current Virtual Bank user I would love to hear your opinion on them as well…
{ 5 comments… read them below or add one }
I just checked VirtualBank’s website and the $20 is for referral if a friend opens an eMoney Market Account. I was looking at their eCDs but didn’t see where they would qualify for the $20.
John, it is just a referral program – if I send a referral email to a new customer and they sign up they/I both get $20 – if you are unsure about it check it out for yourself on the virtual bank website…
Hey Bob, can I verify online services using this ike paypal…?
Fred, I am not sure – sorry!
DO NOT BANK WITH THIS BANK – DO NOT DO NOT. SEE THE RAW VIRTUAL BANK HQ IN FLORIDA BEING SERVED. Unless, of course, you support such fraudalent banking systems. here’s the link for the video. http://www.youtube.com/watch?feature=player_embedded&v=Q96qYqE4RBk