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internet banking is the option by which the bank customers can make transactions like
1. Balance Inquiry
2. Fund transfer
3. Statement view
4. Bill pay etc
from the convenience of their homes. Normally the customer would have to make a trip to the bank to do these transactions, but with the advent of internet banking the ease of account operation for customers has gone up.
All the customer requires is a PC with an internet connection and internet banking login id and password to use this facility.
Wiki User
∙ 15y ago
Wiki User
∙ 10y agoGerman banks have been offering the Internet banking since the mid-nineties, although the only product they were offering at the time was information. Only 7 out of 48 banks are providing some banking services via internet that include account balance enquiry, fund transfer among accounts of the same customer, opening or modifying term deposit account, cheque book or pay order request, exchange rate or interest rate enquiry, bills payment, account summary, account details, account activity, standing instructions, loan repayment, loan information, statement request, cheque status enquiry, stop payment cheque, refill prepaid card, password change, L/C application, bank guarantee application, lost card (debit/credit) reporting, pay credit card dues, view credit card statement, or check balance.
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