What is an electronic banking system?

Answer An electronic banking system allows you to access your bank accounts online using your computer as well as other electronic and automated means. This type of system allows you to have access to you... Read More »

Top Q&A For: What is an electronic banking system

What is electronic banking?

According to the Barron's Business Guides, electronic banking "is a form of banking where funds are transferred between financial institutions." In other words, the banking customer processes trans... Read More »

What is the purpose of electronic banking?

Electronic banking can save time, paper and help the environment. It also increases the accessibility of funds to its users.DefinitionElectronic banking can include a variety of outlets. Anything t... Read More »

Electronic Banking Safety?

Electronic banking is generally a very safe way to check and move funds between institutions and accounts or between merchants and customers. It allows for common activities such as deposits, withd... Read More »

The Disadvantages of Electronic Banking?

Nowadays, almost every banking transaction---that once had to be done in person---can be done over the Internet. Despite the advantages of online banking, such as saving trips to a local bank and a... Read More »