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Online banking, meaning internet or web banking, is very common now and enables you to carry out financial transactions through internet or digitally using your computer or smartphone.
Online banking provides the same services that you get at a bank’s physical branch. Nowadays, most banks offer this facility through their website or mobile application, which you can access from anywhere. With added data encryption and other security measures, online banking is safe, fast and simple.
Here is an online banking example: You have an account with a bank that offers net banking, which you can use to log in and manage your account balance and transactions. Additionally, you can use this service for making fund transfers, paying bills and getting your e-statements, among other services.