What is the purpose of electronic banking?

Answer 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 »

Top Q&A For: What is the purpose of electronic banking

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 »

When was electronic banking formed?

Electronic banking first began in October 1995 when Presidential Bank offered online accounts. The bank first opened in 1985 under the name Presidential Savings Bank. It offers regular bank service... Read More »

Features of Electronic Banking?

Online banking was introduced in the mid-90s and changed the way of banking. From mobile banking to ATM's, banking works on a customer's schedule. There are three main kinds of electronic banking: ... 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 »