What is electronic banking and how does it work?

Electronic banking (also known as e-banking, online banking, mobile banking, and internet banking) works much like traditional banking — minus most of the physical stuff.

How has electronic banking changed the world?

Electronic banking has vastly reduced the physical transfer of paper money and coinage from one place to another or even from one person to another.

Why is e-banking important?

With banking technologies consistently improving, banking is now way more convenient and quick. One of the most important elements of our modern world of banking is electronic banking or e-banking. What is electronic banking? What are the different types of e-banking facilities?

What is digital banking?

Here’s a visual equation that sums up (literally) digital banking: Online banking in the U.S. has its roots back in the 1990s. In October 1994, Stanford Federal Credit Union was the first institution to let its customers access banking functions via the new World Wide Web.