Are you thinking about moving all your banking #online? Nothing beats the convenience, organization, low fees, and security of online banking with Merck Sharp and Dohme FCU.

Thinking of opening an online-only account at the credit union? We’ve got the info you need! Here are five advantages of owning an online account to help you make your choice.

1. Save time

The biggest advantage of online banking is the time and stress you save by having your financial institution in hand 24/7/365. Access with any mobile device and do your banking anytime, and from anywhere.

2. Lower fees

Online accounts don’t need to cover the same overhead expenses, like branch maintenance and lease payments. That’s why these accounts often have low or no fees. Why pay extra fees if you can get it for free?

3. Keep things organized

Budgeting is easy again! When all your banking happens via your mobile device, it’s super-simple to keep track of your accounts and incoming and/or outgoing funds.

4. Favorable earnings rates

Online accounts typically offer a greater earnings rate than in-branch accounts. As mentioned, these accounts don’t have overhead costs, and financial institutions can pass the savings onto you through higher rates. If you open your mobile account at a credit union, you’ll enjoy an increase in dividend rates over a conventional bank account. Credit unions are member-owned and -operated, so they can generally offer higher earnings rates on share accounts.

5. Robust account security

Online accounts are part of a financial institution offering the same protection as in-branch accounts. Funds kept in a checking account at a bank are federally insured by the FDIC for up to $250,000. Credit unions feature similar protection, with federal credit unions offering government protection through the National Credit Union Share Insurance Fund (NCUSIF). State and private credit unions may also be insured by the NCUSIF, or through their own state or private insurance.

Online accounts may very likely be the future of banking. You can open an online account at Merck Sharp and Dohme FCU, even if you’re not currently a member. To find out more, call, click or stop by Merck Sharp and Dohme FCU today.