What is online banking?

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​​​Bank customers can do their transactions through these avenues – Online and Offline banking. Online banking is also known as Internet banking. It is convenient and customer friendly. To do online banking, one needs to know about the internet. Thus, those who are unaware of its use do their transactions through offline banking, which means visiting a bank branch.

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Bottom line

Brick-and-mortar / conventional banking and online banking methods – both have their pros and cons. Hence, it is advisable to fulfil one’s banking needs through a combination of both.

Citations :

Skillioma (September 9, 2024) What is online banking?. Retrieved from https://repo.skillioma.com/what-is-online-banking/.
"What is online banking?." Skillioma - September 9, 2024, https://repo.skillioma.com/what-is-online-banking/
"What is online banking?." Skillioma - Accessed September 9, 2024. https://repo.skillioma.com/what-is-online-banking/
Skillioma May 15, 2024 What is online banking?., viewed September 9, 2024,<https://repo.skillioma.com/what-is-online-banking/>
Skillioma - What is online banking?. [Internet]. [Accessed September 9, 2024]. Available from: https://repo.skillioma.com/what-is-online-banking/
"What is online banking?." Skillioma [Online]. Available: https://repo.skillioma.com/what-is-online-banking/. [Accessed: September 9, 2024]

Power Words :

  • Transactions
  • Credentials
  • Conventional
  • Malware
  • Siphon-off
  • Malicious
  • Skimming

 

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