online banking

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Also found in: Financial.

online banking

Transacting business with a bank, savings & loan or other financial institution over the Internet rather than in person at a branch or drive-in location. Customers can view their account balances, transaction history and cancelled checks, as well as pay bills, transfer funds and apply for loans. Most banks offer online banking as an option, whereas a "virtual bank" has no physical branches and conducts all business online. See mobile check deposit and virtual bank.
References in periodicals archive ?
In this paper we focused on examining the relationship between e-service quality, satisfaction, trust, and loyalty in e-banks.
With the change in rules, individuals would be allowed to sell or purchase foreign exchange via e-banks, self-service terminals, telephone banking and mobile banking of certain banks.
In these 14 essays, experts on Indian financial markets and the banking industry, examine service quality in e-banks and traditional banks, the relationship between the banking sector and information technology, inclusive banking, security challenges in e-banking, engineering and reengineering in the infrastructure of Indian banks, information technology structures in Indian banking, banking regulatory and taxation issues, banking sector reforms, management of risks, and recommendations for improvement.
His actions remind one of the idealism with which people talked of the internet before it became the domain of budget airlines and e-banks.
Sorting out the ramifications on a balance sheet is hard; e-banks should get involved in making it easier.
Current and savings accounts are second favourites, with the e-banks, such as First-e, offering market leading rates at 4.
Experts predict e-banks will tick over at a tenth of the cost of High Street branches and a quarter of the rate of phone-based operations.