Question

explain online banking ​

Answer 1

Hey mate here is your answer:-

Internet Banking allows the user to conduct financial transactions via the internet. It is also known as online banking or web banking. An Internet bank will offer customers just about every service that is traditionally available through a local branch.

Through Internet Banking, basic banking transactions such as paying bills and transferring funds between accounts can easily be performed at times convenient to consumers.

Internet banking provides an array of services including functional budgeting and forecasting tools, financial planning capabilities, investment analysis tools, loan calculators and equity trading platforms.

Online accounts are easy to arrange and require lesser information than a traditional bank account. While working through Internet banking, you have the option of you calling customer care or emailing the bank directly, if any problem arises.

Accounts can be directly funded from a traditional bank account via electronic transfer. Most direct banks offer unlimited transfers at no cost, including those destined for outside financial institutions. They will also accept direct deposits and withdrawals that you authorise, such as payroll deposits and automatic bill payment.

May this will help you ✌️✌️

Answer 2

✌✌Hey, mate here is your answer⤵

Online banking, also known as internet banking, e-banking or virtual banking, is an electronic payment system that enables customers of a bank or other financial institution to conduct a range of financial transactions through the financial institution's website.

Hope this answer will help you..《《

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@1Angel25
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