E
BANKING
Definition of E-Banking in oxford
dictionaries is A method of banking in which the
customer conducts transactions electronically via the Internet. “it’s
hard to beat e-banking for the 24-hour convenience it offers Internet-literate
customers” more example sentences “While
the error is not the bank's fault, it is nevertheless reflective of the need to
rethink the virtues of flashy, corporate banks that promise facilities like
ATM, e-banking, and other electronic, click-of-the-mouse transactions” The
paperwork is done either in-person or by mail. Is this true
"e-banking"? we’ll see….. hehehe
Electronic banking
is an umbrella term for the process by which a customer may perform banking
transactions electronically without visiting a brick-and-mortar institution.
The following terms all refer to one form or another of electronic banking:
personal computer (PC) banking, Internet banking, virtual banking, online
banking, home banking, remote electronic banking, and phone banking. PC banking
and Internet or online banking are the most frequently used designations. It
should be noted, however, that the terms used to describe the various types of
electronic banking are often used interchangeably. With E-Banking it’s so easy
to buy something or transfer if we don’t have cash, we can use e-banking to
replace that.
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