Online banking is a system that allows individuals and businesses to access and manage their financial accounts through a secure internet connection. It provides banking services such as checking account balances, viewing transaction history, transferring funds between accounts, paying bills, applying for loans, and managing investments, all from a computer or mobile device. Online banking eliminates the need for physical visits to a bank branch, offering convenience, accessibility, and often real-time updates on financial transactions.
Online banking is a service provided by banks and financial institutions that allows customers to conduct various banking activities online, through the internet. This includes accessing and managing bank accounts, conducting transactions, transferring funds, paying bills, and more. Online banking platforms are typically secure and use encryption technology to protect customer information and prevent unauthorized access.