0
Electronic banking is a term used to cover all finacial transactions conducted away from a physical bank and includes telephone banking and automated banking,However most people regard the term as meaning banking carried out online via a PC or Laptop.An individual can set up direct debits ,wire money or any other sort of banking transaction over a secure internet connection.This can be a great benefit to people who live a considerable distance from a bank,or would otherwise find it difficult to access a locac branch of their bank due to disability.
Wiki User
∙ 10y ago
Add your answer:
Earn +20 pts
Security of electronic banking?
how many kinds of electronic banking?
What is conventional banking and electronic banking with the usage of atm's and credit cards?
The conventional banking system requires the customers to personally present themselves in a banking institution to open an account. Members can open a bank account and transact business using the internet in the electronic banking system.
What is the origin of the banking term tickler?
The banking term, tickler, was used to identify a type of payment book the bank kept when a person owed them money. Today, ticklers are usually electronic files of this type.
What is the most common term meaning electronic mail?
mattcole
What is full form of E-Banking?
E-banking is an abbreviation for electronic banking.
What are disadvantages of electronic banking?
The disadvantages of electronic banking are that there may be security concerns when banking online. There also is less customer service if you encounter a problem with your account.
What is the definition of electronic channels?
Electronic channels refers to all the service innovations that is presently taking place in the service delivery part of banking industry. It may include ATMs, online banking or electronic banking and so on.
What is the meaning of the term 'banking online'?
It means what is says - accessing you bank account via the Internet.
Why is using checks to pay bills becomeing less popular?
People are using electronic banking.
What financial services are available through electronic banking systems?
Business & Finance > Personal Finance > Money Management > Banking > What financial services are available through electronic banking systems?
What is the meaning of remote banking?
rural banking
How has electronic banking changed banking services?
This has helped greatly in promptness and efficient delivery of services.
