On the other hand, online-only banks can’t compare to brick-and-mortar branches of a traditional bank when it comes to dispensing physical dollars and cents in the form of bills and coins.

However, a potential downside of not having access to bank branches is that it’s more difficult to deposit cash into your account. In fact, some online banks don’t even allow for cash deposits.

Taking cash for granted When times are good, we keep most of our money in the bank, knowing we can access it 24/7 to pay for things electronically. But when the global financial system looks ...