Published On: Thu, Jan 20th, 2011

What is Internet Banking,advantages of Internet Banking

Internet Banking( Online banking )  allows customers to conduct financial transactions on a secure website operated by their retail or virtual bank, credit union or building society.

  • Usually conducted through a personal computer (PC) that connects to a banking Web site via the Internet. Internet banking can also be conducted via wireless technology through both personal digital assistants (PDAs) or cellular phones.
  • Advantages of Online Banking
  • The ability to transfer money between accounts, pay bills, see statements and perform other financial transactions over the internet. Most home loans in Australia give the borrower access to internet banking.
  • refers to the Internet banking service offered by BANK to the user including services such as enquiry about balance in the Account, details about transactions in the Account(s), statement of Account, transfer of funds, bill payment and any other service as the BANK may decide to provide.

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