• Print
  • Email
  • Share

Economic Perspectives, 25, No. 1, February 2001
The financial performance of pure play Internet banks
The number of banks and thrifts that offer financial services over the Internet is increasing rapidly in the U.S. By using .transactional websites,. customers can check account balances, transfer funds, pay (and perhaps receive) bills, apply for loans, and perform a variety of other financial transactions without leaving their home or place of business. Approximately 1,100 U.S. banks and thrifts operated transactional websites at year-end 1999.an elevenfold increase over yearend 1997.and projections by bank regulators suggest that nearly half of U.S. banks will offer transactional websites by late 2001 or early 2002 (Furst, Lang, and Nolle, 2000).


Federal Reserve Bank of Chicago, 230 South LaSalle Street, Chicago, Illinois 60604-1413, USA. Tel. (312) 322-5322

Copyright © 2016. All rights reserved.

Please review our Privacy Policy | Legal Notices