Definitions for online banking
on·line bank·ing

WikipediaRate this definition:0.0 / 0 votes

1. Online banking

   Online banking, also known as internet banking, web banking or home 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. The online banking system will typically connect to or be part of the core banking system operated by a bank to provide customers access to banking services in addition to or in place of traditional branch banking. Online banking significantly reduces the banks' operating cost by reducing reliance on a branch network and offers greater convenience to some customers by lessening the need to visit a branch bank as well as the convenience of being able to perform banking transactions even when branches are closed. Internet banking provides personal and corporate banking services offering features such as viewing account balances, obtaining statements, checking recent transactions, transferring money between accounts, and making payments. Some banks operate as a "direct bank", where they operate entirely via the internet or internet and telephone. They are different from "neobanks", which don't have depositary insurance.

WikidataRate this definition:0.0 / 0 votes

1. Online banking

   Online banking allows customers of a financial institution to conduct financial transactions on a secure website operated by the institution, which can be a retail or virtual bank, credit union or building society. To access a financial institution's online banking facility, a customer having personal Internet access must register with the institution for the service, and set up some password for customer verification. The password for online banking is normally not the same as for telephone banking. Financial institutions now routinely allocate customer numbers, whether or not customers intend to access their online banking facility. Customer numbers are normally not the same as account numbers, because a number of accounts can be linked to the one customer number. The customer will link to the customer number any of those accounts which the customer controls, which may be cheque, savings, loan, credit card and other accounts. Customer numbers will also not be the same as any debit or credit card issued by the financial institution to the customer. To access online banking, the customer would go to the financial institution's website, and enter the online banking facility using the customer number and password. Some financial institutions have set up additional security steps for access, but there is no consistency to the approach adopted.

How to pronounce online banking?

1. Alex

   US English

   David

   US English

   Mark

   US English

   Daniel

   British

   Libby

   British

   Mia

   British

   Karen

   Australian

   Hayley

   Australian

   Natasha

   Australian

   Veena

   Indian

   Priya

   Indian

   Neerja

   Indian

   Zira

   US English

   Oliver

   British

   Wendy

   British

   Fred

   US English

   Tessa

   South African

How to say online banking in sign language?

Numerology

1. Chaldean Numerology

   The numerical value of online banking in Chaldean Numerology is: 9

2. Pythagorean Numerology

   The numerical value of online banking in Pythagorean Numerology is: 1

Examples of online banking in a Sentence

1. Thomas Noyes:

   Ninety percent of Monitise's focus is online banking, and that's not what MasterCard does.

2. Toby Norman:

   Getting patient application right is absolutely essential, at Simprints we do three things to get that right. First we don't work with patient medical records, so we never store or hold access to patient data. That's all held by the organizations we work with. Second we never transmit raw fingerprint images, so we actually do the extraction process where we take a fingerprint image and turn it into a template. We do that on the scanner itself, meaning that the fingerprint image never leaves the scanner. Third we use the same level of encryptions that we use in online banking or financial transactions that secure any data that passes between the phone and the server.

References

1. ^ Wikipedia
   https://en.wikipedia.org/wiki/Online_Banking
2. ^ Wikidata
   https://www.wikidata.org/w/index.php?search=online banking