Which bank became the first fully online bank in the United States when it opened in 1995?

Security First Network Bank became the first fully online bank in the United States when it opened in 1995. It operated without traditional branch offices and delivered banking services through the internet.

The bank was founded by Security First Network Bank Corporation and was based in Atlanta, Georgia. Its launch demonstrated that customers could access account information and conduct banking business through a web-based interface rather than visiting a physical branch.

Security First Network Bank is sometimes confused with First Internet Bank, which was founded later, in 1999. The bank also belongs to the early history of digital banking, a field that developed from telephone banking and earlier electronic home-banking experiments.