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How has e banking changed banking?

Updated: 9/21/2023
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Wiki User

12y ago

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  • Transactional (e.g., performing a financial transaction such as an account to account transfer, paying a bill, wire transfer, apply for a loan, new account, etc.)
    • Payments to third parties, including bill payments and telegraphic/wire transfers
    • Funds transfers between a customer's own transactional account and savings accounts
    • Investment purchase or sale
    • Loan applications and transactions, such as repayments of enrollments
  • Non-transactional (e.g., online statements, cheque links, cobrowsing, chat)
    • Viewing recent transactions
    • Downloading bank statements, for example in PDF format
    • Viewing images of paid cheques
  • Financial Institution Administration
  • Management of multiple users having varying levels of authority
  • Transaction approval process
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Wiki User

13y ago
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Wiki User

12y ago

internet banking was made for easy transfering. People can transfer funds through the internet now. Mobile banking was also made so people can see what is in there account over a mobile device 24/7!

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Q: How has e banking changed banking?
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