Online banking,
Definition of Online banking:
Computerized service that allows a banks customers to get online with the bank via telephone lines to view the status of their account(s) and transaction history. It usually also allows them to transfer funds, pay bills, request check books, etc.
Online banking allows a user to conduct financial transactions via the Internet. Online banking is also known as Internet banking or web banking.
A method of banking in which transactions are conducted electronically via the internet.
Online banking offers customers almost every service traditionally available through a local branch including deposits, transfers, and online bill payments. Virtually every banking institution has some form of online banking, available both on desktop versions and through mobile apps.
How to use Online banking in a sentence?
- A customer needs a device, an Internet connection, and a bank card to register. Once registered, the consumer sets up a password to begin using the service.
- Is online banking the future? Millions of people believe so and are making the switch. What most people dont realize is how risky this switch can be.
- Consumers aren't required to visit a bank branch in order to complete most of their basic banking transactions.
- When you are using online banking you must be careful to make sure that you keep your password very safe and secure.
- Online banking allows a user to conduct financial transactions via the Internet.
- Some customers have concerns about the security of online banking.
- Is online banking the future? Millions of people believe so and are making the switch. What most people dont realize is how risky this switch can be.
Meaning of Online banking & Online banking Definition