The online banking is also known as internet banking. One can make transactions through online banking which is made possible through the electronic payment system.
Online banking is a very important part in every business as it involves among the most important parts in every business which are carried out daily.
Financial institution are updating their institutions in such a way that one can make a transaction online. This is very important for a successful business. Every one nowadays have the access to internet thus it has become a readily acceptable.
Availability of Online banking has made it possible for people to make easy transactions at home in a very fast way thus saving time which would have been consumed while going to the bank. The internet banking portal normally provides personal banking, corporate banking, that enables one to conduct all the possible commands over all the banking demands online.
strong internet connection is a requirement for one to log into the portal.
The internet makes it possible for one to register into the portal of a financial institution so as to register. with the internet one fills in the credentials required and is given a chance to set a password so that only the user can have access to the portal. The credentials for Online banking is normally very different from the telephone banking which is commonly known as mobile banking.
The financial institution normally allocates a customer number to all its customers. An account number is totally different from the customers number. But this customer number can be linked to a certain account number. A customer number is linked to an account number which a certain customer has control on thus they are joined together.
Financial institutions normally limits the range of account that might be reached such as cheques, savings, credit card and also the similar accounts. A customer needs to visit a bank secure website. This makes it possible for the customer to have access to the online banking facility using the customer number and also the details that have been previously set.
One of the benefits for using online banking is that one normally has permanent access to the bank. With the availability of the computer one can access the bank at any point.
While using mobile banking there is less time consuming and also we need not to go directly in to the bank. This online banking is very secure as the money is transferred accurately and immediately. It is an easy way to use and it consumes less time as compared to other forms.