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[Bootsmam]

I am sure others can relate. Often I suggest to someone that they consider setting up a Virtual Bank or Ing account and they immediately express concerns about online banking. Will it be safe? How do I know it is for real and not just a scam? In the past I have made the following points: 1) Call them and talk to the bank if you are worried about it, 2) most of the bank identity thefts seem to be occurring at small local banks who are trying to get into online banking, 3) online banks are in the business of online banking - they often have the most upto date security. For more responses email me at [email protected]

These replies do not always work. However, I have a tactic. I suggest that people sign up for a Bank of America online checking account. I have one and Bank of America pays a $25 per referral and the person opening the account gets $25. Bank of America is great because they let you fund your account by the mail. That way there is never a direct link from Virtual Bank or another online bank to your main checking account. Just link Virtual Bank and ING to your Bank of America Account, which is funded by mail. The only thing that you have to watch out for on the Bank of America account is that there is a $5 fee per month if you don't sign up for direct deposit. I found out that my company will let me deposit a small part of my check into my Bank of America Account.

If you want a Bank of America referral or more information on security issues and responses email me at [email protected] and put "Bank of America" in the subject line. Right now Bank of America is offerring $50 for setting up a savings account as well!