I'm thinking of switching banks and looking at this as an option. One concern is deposits. I don't want to mail a check in. I found one with "home deposits" where you can scan in the check and deposit directly online. This doesn't seem common yet though.

Other than that, most seem to have low minimum balances, better interest rates than B&M banks, and free ATM, some even rebating ATM fees if another bank charges you (and I hate ATM fees).

Let us know your experience if you've given it a try. I'm looking at ETrade, Everbank, Charles Scwabb, and a couple others. STill doing my digging on this.