I'm not so familiar with these password banks/keychains, but I see their usefulness as we all have regularly increasing logins to store.
I just wonder how safe storing so many passwords in one place can be, let alone storing them digitally, whether locally or in a cloud. It seems frightening what kind of potential for nefarious use is out there should someone manage to access your data, not to mention the company itself having access. I definitely wouldn't trust a "free" password bank, just as I wouldn't trust a physical bank protected by "free" security.
Can someone tell me if the convenience can outweigh the potential for damage, or where I'm mistaken?