E-banking is defined as the automated delivery of new and traditional banking products and services directly to customers through electronic, interactive communication channels. E-banking includes the systems that enable financial institution customers, individuals or businesses, to access accounts, transact business, or obtain information on financial products and services through a public or private network, including the internet. Customers access e-banking services using an intelligent electronic device, such as a personal computer (PC), personal digital assistant (PDA), automated teller machine (ATM), kiosk, or Touch Tone telephone. While the risks and controls are similar for the various e-banking access channels, this booklet focuses specifically on Internet-based services due to the Internet's widely accessible public network. Accordingly, this booklet begins with a discussion of the two primary types of Internet websites: informational and transactional.
For the source and more detailed information concerning this subject, click on the related links section indicated below.
it enable the customers to cash their money without going to the bank
ebanking enhances delivering system and banking efficiencies (by sam igbajar)
embanking is advantageous in all aspects. But when technical difficulties happens it is the worse scenario. Managerial people are responsible for the tracking of accounts in those scenario.
A person would describe e-banking as a way of doing banking activities online. It allows you to check account balances or pay bills using your computer.
The EDS credit union based in Plano, Texas offers ebanking. They offer services for businesses loans or for personal use. They also offer a variety of insurance policies.
This type of banking makes it easier for consumers to get their work done. You can do all of your banking online without having to worry about the banking hours.
Most large banks in the US allow customers to open an online bank account. For instance, Lloyds, Citizensbank, Bank of America and Citibank. These accounts often provide eBanking functionality.
UBS online services are comparable to most modern banking options. They offer e-banking, financial quotes and access to mobile services 24 hours as well.
They both refer to the same. Some people call it electronic banking or e-banking and some people call it internet banking. This is the facility using which a customer can use his bank account and initiate banking transactions from the comfort of his home using a computer. All he needs is a login id/pwd for the banks website.
You can control several accounts in one place - check balance, transactions log, outstanding orders ETCYou can access you accounts anywhere and anytime (while you travelling, when the branch is closed ETC..)You can pay your supliers/billsYou can control the access level to the account - each users having it's own permissionsYou can download statements/excels ETC..
It depends on your bank, and how much service you want. There are direct banks like ING Direct and Ally which charge nothing for their checking accounts, and they even pay interest on your average balance every month. As for the major banks where you deal with branch employees, a bank may offer different types of checking accounts: some cost money no matter what, others may waive monthly fees or be completely free.Example: Bank of America offers an account called the eBanking Account. It usually costs $8.95 a month, but the fee is waived if you opt-in for electronic statements and you make deposits using ATMs or electronic transfers. Essentially, it is a self-service checking account where you deal with tellers only when you have a problem with your account.