Internet BankingInternet banking is one kind of payment system which is done using electronic process. It helps us to make financial transactions using the website run by the company or corporation. Retail bank, virtual bank, credit union, building society all of them are same type. They can be defined as alternative. Another name of Internet banking system is online banking. If a customer want to transfer money using internet banking he needs to register for that company and need to be agreed with their terms and should get his own password so that he can subscribe into his account. This password is for his own safety and also for verifying him. Now many institutions are giving offer for internet banking which includes many features. Some features are common for all but others specific. Its gives us new Financial and technological bond
Advantages of Internet Banking
Not only money transfer but also many tasks which have no relation with transactions can be performed using internet banking. Among these non transnational functions some are given here. Using internet banking customers can easily check their account balances. Now they can easily know what the amounts that are existing in their account are. They do not need to go to bank. Thus internet banking saves a lot of time and work. Using internet banking one can easily see his recent transactions which means if anybody else try to transact from his account he will know. Even he can remove any kind of confusion.