Byline: CONSUMER REPORTS
Online banking has seen a rise in popularity in recent months, due perhaps to last fall's anthrax scare and the concerns it raised about cross-contaminated mail and delays that could result in late mortgage and credit-card payments. Researchers note that some banks reported a 20 percent increase in enrollments between September and November 2001.
To be sure, online banking is a tempting convenience, sparing customers the drudgery of mailing checks and balancing checkbooks. But, as we discovered after consulting industry experts and examining several large online banks, it has some potential drawbacks as well.
Online banking …
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