Description
Online banking, also described as internet banking, web banking or home banking, is an electronic/digital payment method that allows customers of a bank or other financial institution to perform a range of financial marketing through the financial institution’s website. The online banking procedure will normally connect to or be part of the core banking procedure used by a bank to deliver customers access to banking services in the area of traditional branch banking. Online banking greatly decreases the banks’ operating cost by decreasing dependence on a branch network and shows greater amenity to customers in time-saving in arriving in a branch and the convenience of executing banking transactions even when branches are closed. Internet banking delivers personal and corporate banking assistance, offering elements such as viewing account balances, getting statements, checking recent trades, transferring funds between accounts, and making payments.
