Online banking (or Internet banking) allows customers to conduct financial transactions on a secure website operated by their retail or virtual bank, credit union or building society.
Contents
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1 Features
2 History
3 Security
4 See also
5 References
6 External links
[edit] Features
Online banking solutions have many features and capabilities in common, but traditionally also have some that are application specific.
The common features fall broadly into several categories
Transactional (e.g., performing a financial transaction such as an account to account transfer, paying a bill, wire transfer, apply for a loan, new account, etc.)
Payments to third parties, including bill payments and telegraphic/wire transfers
Funds transfers between a customer's own transactional account and savings accounts
Investment purchase or sale
Loan applications and transactions, such as repayments of enrollments
Non-transactional (e.g., online statements, cheque links, cobrowsing, chat)
Viewing recent transactions
Downloading bank statements, for example in PDF format
Viewing images of paid cheques
Financial Institution Administration
Management of multiple users having varying levels of authority
Transaction approval process
Features commonly unique to Internet banking include
Personal financial management support, such as importing data into personal accounting software. Some online...
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