Internet Banking
Internet banking or online banking refers to the practice of transacting with banks through the Internet in the comforts of one’s own home or office. Online banking transactions are conducted on a secure website operated by a certain retail bank, virtual bank, or credit union.
I and my brother have an internet banking transaction.
Developed to reduce foot traffic in banks and make banking more convenience for clients, online banking services offer a range of features. These features include electronic bill payment, fund transfer, loan application and transactions, bank statements, and wire transfer. Some online banks also offer unique features, such as personal financial management support and monitoring of different accounts (e.g. savings, bank and credit accounts) in one page.
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