Online banking
Example: Online banking allows users to manage accounts through internet services
Definition
"Online banking" refers to the electronic system that enables individuals and businesses to conduct financial transactions and manage bank accounts through internet services without needing to visit a physical bank branch.
Etymology
The term "online banking" combines "online," meaning connected to or available through the internet, and "banking," derived from the Italian word 'banca,' referring to a bench or counter used by moneylenders. The phrase emerged with the rise of internet technology in the late 20th century, revolutionizing traditional banking methods by making services accessible remotely.
Learn to use this word actively
"Online banking" appears in the Vocaplus list "English - Finance - (A1-C2) - set 1", containing 150 commonly used words.
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