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 ?
Bangladesh has a rapidly growing customer segment that will greatly appreciate an on-line banking service of this quality, Palitha Perera, Commercial Bank s Assistant General Manager Operations said.
Consumers in the United Kingdom and Germany said they were doing on-line banking and eCommerce less due to unanswered concerns over identity security, but noted a willingness to engage in more and higher value services on-line if security is improved.
Barclays on-line banking eChannels director Simon Newman said the internet was taking the chore out of shopping and banking and giving people more freedom and time: "The internet is bound to increase in popularity for shopping and banking as broadband takes off and gives people a faster, more efficient service.
The Federal Reserve Board requested on May 16, 2001, public comment on how the Board's regulations may be adapted to on-line banking and lending.
Abbey said 120,000 customers had signed up for its on-line banking over the past four weeks and it expected a million customers to register within 12 months.
Wells Fargo's on-line banking staff of marketing, systems and customer service employees is ``a very diverse group, but most came from elsewhere in the bank and sort of gravitated to this brave new world,'' Nigg said.
The new on-line banking platform is on par with that of most leading global banks, and reflects our leadership in offering meaningful high technology solutions.
So when I was asked to try out on-line banking, I welcomed the opportunity with a healthy dose of skepticism.
30 /PRNewswire/ -- Marquette Direct, the newly- created alternative banking division of Marquette Banks, Minneapolis, announced that it will offer customers direct, On-Line Banking services through the newest version of Microsoft Money for Windows 95(TM) that is introduced in stores today.
United Community Banks also offers the convenience of 24-hour access to its services through a network of ATMs, telephone and on-line banking.
I've been a happy Quicken for Windows user for a few years now, but for my on-line banking adventure I decided to check out Microsoft Money for Windows 95 with my First Interstate account.

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