Online Banking Grows in Popularity

Americans are increasingly skipping lines at teller windows to take care of their banking needs over the Internet.

The nonprofit Pew Internet and American Life Project found online banking is rapidly catching on, as an estimated 37 million Americans now pay bills and transfer funds on the Web, more than twice the number that did so two years ago.

Thirty-two percent of those surveyed said they did their banking online, compared with 17% in 2000.