Online banking, also known as Internet banking or web banking, is a service provided by banks and financial institutions that allows customers to conduct financial transactions via the Internet. It offers a convenient way for users to access their bank accounts, manage their finances, and perform a variety of banking operations without the need to visit a physical bank branch.
We need banking, but we don’t need banks anymore.
Bill Gates
In Simpler Terms
Online banking is pretty much like having a bank branch in your pocket, open 24/7, where you don’t have to wait in line, and the teller knows you by name. It’s like the Netflix of banking—always on, always accessible, no matter where you are or what time it is. The first online banking service was introduced in the early 1980s. Today, it’s evolved to include mobile banking apps, making financial management literally at your fingertips.
