Most major banks around the world have gone digital to some degree. From simply checking a balance to getting cash at an ATM to managing complex payments, consumers have grown accustomed to choosing between going to the local branch or banking on their home phone, cell phone, or computer. But virtual banks are a newer, more disruptive form of banking. Virtual banks differ from other forms of digital banking in that they only exist online. They have no branch offces within a community or a country.