Is an online Psychology Degree any good?

Is an online Psychology Degree both Bachelors (B.Sc) and Masters Degree (M.Sc) any good? Or is it necessary that one must do regular course at a University (or college) and earn the degree?
I’m really interested in Psychology and Psychiatry. But the problem with Psychiatry is that I need to get an MBBS degree and then specialize in Psychiatry for MD. That’s not going to happen (I mean the MBBS thing). So not going that route.

Currently have do programming full time. So I don’t want to quite that to go to being a full time student (once again). That’s the main reason I’m looking into an Online degree.

Any help is highly appreciated.