What does it mean to bank online?

To bank online means to manage your bank accounts using your computer or mobile device. You can bank online — transfer money and pay bills electronically — through bank websites or by using a bank’s mobile app. Banks often also offer check deposits via their mobile apps.

How do online banks work?

Customers of online banks can initiate transactions online, through a mobile app, by phone or by mail. They also can link online bank accounts with accounts they have at traditional banks, credit unions or other online banks. Online banking products and services vary by institution.

What is internet banking & how does it work?

Internet banking provides personal and corporate banking services offering features such as making electronic payments, viewing account balances, obtaining statements, checking recent transactions and transferring money between accounts.