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Definition

Online Banking

Internet banking refers to a wide variety of financial transactions completed over the Internet, usually through a bank’s website using a desktop or laptop computer, without visiting a branch.

Online banking is one of the most excellent options to get information and transact for payment. It includes those tools an entity offers so that its clients can carry out their banking operations through the computer using a connection to the Internet network. For other researchers, Internet banking is a new information system that uses the new wealth of the Internet besides the World Wide Web (WWW) to allow consumers to carry out financial operations in virtual space.

Internet banking allows you to manage your money quickly and conveniently; however, it may not meet all your financial needs. For example, you may need in-person assistance to purchase foreign currency, have a document notarized, or obtain an official check.

Banking operations in which the Internet is used as a marketing and communication tool with the client. They do not need to go to a branch to check their balance or perform operations. However, you only need a computer with Internet access and a password provided by the entity to authenticate your identity.

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