Definition Of Online Banking

Online banking allows a user to execute financial transactions via the internet.

Definition of online banking. This accessible guide is a perfect source of reference for all those with an interest in finance. How does online banking work. Online banking allows customers to monitor accounts download transactions transfer funds between accounts including checking saving. Most banks offer customers the option of online banking.

The business of a bank. Online banking through traditional banks enable customers to perform all routine transactions such as. Banking synonyms banking pronunciation banking translation english dictionary definition of banking. Some online banks are traditional banks which also offer online banking while others are online only and have no physical presence.

Online banking also known as internet banking or web banking is an electronic payment system that enables customers of a bank or other financial institution to conduct a range of financial transactions through the financial institution s website. Invaluable for students and professionals in the fields of finance and banking it is also ideal for private investors and readers of the financial pages this is the most comprehensive and up to date dictionary of finance available. Online banking refers to banking services where depositors can manage more aspects of their accounts over the internet rather than visiting a branch or using the telephone. Online banking gives you the ability to manage your bank account over the internet using a computer or mobile device.

Customers are able to access to all of their accounts through an internet connection using the banks own website or a commercial software package such as quicken or money. A check payable by at or through a bank in the same check processing region as the location of the branch of the depository bank. The occupation of a banker. A system allowing individuals to perform banking activities at home via the internet.

Online banking typically is comprised of a secure connection to banking information through the depositor s home computer or another device. American heritage dictionary of the english language fifth edition. The entries in the new edition cover the vocabulary used in. Online banking is also known as internet banking or web banking an online bank offers customers just about.

The online banking system will typically connect to or be part of the core banking system operated by a bank and is in contrast to branch banking. The depository bank is the bank into which the check was deposited.