Quick Definition

Online banking, also known as internet banking, allows users to manage their bank accounts and perform financial transactions digitally via their bank's website or mobile app.

Examples

• 1Checking account balances and recent transactions on a smartphone app.
• 2Transferring money between different accounts or to another person's bank account.
• 3Paying bills online, including utilities, credit cards, and mortgages.
• 4Setting up automatic savings transfers from a checking account to a savings account each month.

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