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 ?
The contract is for the construction of two modifications of computer banking system def2000 (module defBank Pro) for:
households have a bank account, and nearly all households within that group (93 percent) have at least one electronic fund transfer feature--direct deposit, an ATM or debit card, or computer banking, for example--associated with their account.
Consumers have increasing access to innovative financial services mediated by electronic banking technologies, ranging from automated teller machines (ATMs) to smart cards and computer banking.
THE UK'S first wholly interactive computer banking centre has set up home in Coventry and is set to create 130 jobs.
Searcy-based First Security Bank, among the first in the state to allow computer banking, is also looking to the World Wide Web as another avenue for convenient customer service.
The inquest heard the father-of-one, who made his money during the computer banking boom of the 1980s, decided to kill himself after retirement at the age of 37 left him feeling worthless.
The first in the state to offer banking via the Internet, Denali Alaskan prides itself on providing members with 24-hour, interactive computer banking.
Bank of Scotland pioneered computer banking in Britain in 1985 with HOBS, its Home and Office Banking Service.
The Whiting bank is "in the process of bringing personal computer banking to our customers by the end of the year," Buhle says.
Telephone or computer banking can be another timesaver, if available.
As a result, even computer banking services often send payments using paper checks.
Wells Fargo launched its personal computer banking service in 1989 and was the first bank to offer Internet banking through wellsfargo.

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