Business Studies, asked by sharanu369, 1 year ago

difference between online banking and internet banking

Answers

Answered by hacker73

Internet banking is a financial institution with no physical branches; everything is completed online. There is no ability to cash a check, deposit cash and or coinage and such. Online banking is the ability to access account information, make transfers, set up automatic payments and such via the Internet. Almost all financial institutions offer online banking as a means of reducing customers going to physical locations. people have come to equate the two as being the same thing but there is a distinction.

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Answered by khushi2135

hey mate....!!!!
Internet banking is a financial institution with no physical branches; everything is completed online. There is no ability to cash a check, deposit cash and or coinage and such. Online banking is the ability to access account information, make transfers, set up automatic payments and such via the Internet. Almost all financial institutions offer online banking as a means of reducing customers going to physical locations. people have come to equate the two as being the same thing but there is a distinction.
hope this will help..
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