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 »

What is an electronic banking system?

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 »

Risks of Electronic Banking?

Electronic banking has been a fact for years, starting with ATMs and progressing to phone and Internet banking. Today, many people still fear using these services for a number of reasons. Although ... Read More »

Electronic Banking Activities?

Most banks provide electronic banking services to their customers. Electronic banking gives people 24-hour access to their funds, provides convenience, and enables paperless transactions.There are ... Read More »