The present invention is banking device that has a slot on the top surface to accept coins and contains therein a locking reservoir for the collection of change. A money sorter is used to count the deposited money. The reservoir is "keyed" and can only be opened by the local bank, where an account is held, or by parents, if the account is held by a minor. At the time of deposit, the electric money sorter, via the computer connection, contacts the local bank's online banking system to process and record the deposits and beings earning interest that is then credited after deposit of money into the bank account. If the reservoir is emptied prior to deposit, credits and interest are lost and can only be resumed after equal deposit is made at the bank.