What is an Internet Bank?
The Internet has changed the way many of us lead our lives. We can shop, gain educational certificates and even work from home, online. Banks have also come up to date, and now we can process all our financial transactions on our computers, via an Internet bank. An Internet bank, or online banking, is a term used for the many different functions a bank can perform by computer. The only difference between an Internet bank and a normal bank is that, with the former, you may never need to set foot inside the actual bank. People usually have their salary placed into a bank account and the money can be used to perform many different transactions. These can all be performed online using your personal computer. There are many advantages to using an Internet Bank. Banking hours are generally short, but with an Internet bank account you can bank outside of the normal banking hours. You can shop instantly online and pay through your bank account. You can also set up direct debits, and pay credit
The internet has come as a revolution for all of us. The way we live our lives has changed completely. There is the opportunity of shopping, studying and even working from home online. So why should the banks lag behind. They have also updated their working style and thus we can access all our financial transactions online. The term internet bank is used when we can perform a lot of banking functions on line. The difference is that in a virtual bank you will have to go in person and deal with the personnel over there but in this case you can simply do your work with the click of the mouse. People usually keep their salaries in the bank and also record all the transactions that they make in their account. So all of this can now be done sitting at home through your computer. The benefit of an internet bank are that while banking hours are short but here you can operate your account outside banking hours too. You can shop online and pay immediately through your bank account. Also another
