Virtual Bank was established In the 1990s, and internet-only banks or "virtual banks" appeared. It is all done digitally online. A cost-saving feature that allowed many of them to offer savings accounts with higher interest rates and loans with lower interest rates than most traditional banks. The big building does not guarantee the bank's security, and many big banks had failed. Without a government guarantee, stay away. Capital One Bank in the US has only a small counter in a Coffee shop. Depositors walk in to get a coffee discount and deposit or open an account. They are big and more secure than banks. Before opening an account check who guaranteed your money. Visit the office, and get a document, not just a digital one.