Online Banking

Online (or Internet) banking is a relatively new phenomenon for personal banking customers, although electronic banking and access to online bank services has been available to business banking customers and corporations for many years through a number of different service providers.

Online bank accounts allows customers to access their account details and information, and to carry out transactions such a bill payments and money transfers, through the use of a home computer or other electronic device which is connected via a network to the bank. Some banks may also offer account aggregation, which enables users to monitor all of their accounts in one place - whether they are with their main bank or with other institutions.