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.

Mobile Banking
Mobile banking is online banking via smartphones and tablets. Using a dedicated mobile app, all transactions can be handled from any location worldwide. See mobile check deposit and virtual bank.
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References in periodicals archive ?
Singapore-based Oversea-Chinese Banking Corp (OCBC) (SES:039) is said to be in talks with Singtel over a virtual banking license.
Infinium, Tencent said, is looking to use its technology to provide virtual banking in Hong Kong.
The roll out is part of the adoption of smart branches for Commercial Bank of Kuwait, which will utilize a more flexible and cost-effective virtual banking system.
Financial institutions have been consistently building up their virtual banking services to better accommodate their customers.
The arrival of virtual banking is set to rattle the traditional banking market in Hong Kong as the first batch of licenses are expected to be issued by the end of this year, reports said Monday.
1 December 2015 - US-based cloud-based virtual banking solutions provider Q2 Holdings, Inc.
"The surge in e-commerce and virtual banking in Jordan, and the Levant as a whole, comes stitched on with the need for stringent security requirements - banks in the region now have to meet a long list of local and international regulations.
Q2 is a leading provider of secure, cloud-based virtual banking solutions headquartered in Austin, Texas.
"Our WebFederal3 virtual banking product suite allows any credit union to compete effectively against their most sophisticated competitors," said Robert Broadwell, vice president of PM Systems in Chapin, S.C.
It's even possible to combine virtual banking with online trading.

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