E banking is also known as (2024)

FAQs

What is e-banking also known as? ›

E‐Banking is also known as Net banking. Electronic banking has many names like e-banking, virtual banking, online banking, or internet banking.

Online banking is also known as internet banking or web banking.

Online banking, also known as internet banking, virtual banking, web banking or home banking, is a system that enables customers of a bank or other financial institution to conduct a range of financial transactions through the financial institution's website or mobile app.

Electronic banking utilizes electronic technology to conduct financial transactions, replacing traditional paper-based methods. Types of electronic banking include online banking, electronic funds transfer (EFT), mobile banking, electronic bill payment, ATM banking, direct deposit, and online investing.

Electronic banking services are a range of banking and other services or facilities that use electronic equipment and include: online banking. ATM and debit card services. phone banking.

cyberbanking ebanking Internet banking Online banking Web banking.

A direct bank (sometimes called a branch-less bank or virtual bank) is a bank that offers its services only via the Internet, mobile app, email, and other electronic means, often including telephone, online chat, and mobile check deposit.

What is the importance of e-banking? ›

Importance of E-Banking:

It reduces the amount of time spent in banks. It facilitates international banking. It offers financial services throughout the year, 24 hours a day, seven days a week, from any location with internet connectivity. For online optimization, it gives well-organised financial management.

What are examples of online banking? Examples of online banking are internet banking where one must have access to internet connection to access the website or install an app, mobile banking where the customer accesses services through a USSD code provided by the bank, telebanking, and debit and credit cards.

Internet Banking The use of a bank's website to access accounts and conduct transactions. Digital Banking The use of electronic channels, such as websites, mobile apps, and chatbots, to access accounts and conduct transactions.

An electronic payment system is a digital infrastructure that enables the electronic transfer of funds between individuals or entities. It replaces traditional cash or check transactions with the digital equivalent, offering convenience, speed and security.

To bank online means to manage your bank accounts using your computer or mobile device. You can bank online — transfer money and pay bills electronically — through bank websites or by using a bank's mobile app.

On this page you'll find 6 synonyms, antonyms, and words related to electronic banking, such as: cyberbanking, null, e-banking, internet banking, online banking, and web banking. electronic banking (noun as in system where banking transactions are completed electronically)

Electronic Fund Transfers

Electronic banking, also known as electronic fund transfer (EFT), uses computer and electronic technology in place of checks and other paper transactions. EFTs are initiated through devices like cards or codes that let you, or those you authorize, access your account.