Internet banking is at times referred to as online banking. Internet banking normally involves an electronic system that that makes it possible for a customer to of a financial institution to make transactions through the financial institution website.
Online banking is a very important part in every financial institution as it involves the most important activities carried out in a bank.
Thus for any financial to be successful nowadays it must integrate all processes in such a way that it involves the online processes since they are convenient and time saving. This is very important for a successful business. Every one nowadays have the access to internet thus it has become a readily acceptable.
Availability of Online banking has made it possible for people to make easy transactions at home in a very fast way thus saving time which would have been consumed while going to the bank. The internet banking portal normally provides personal banking, corporate banking, that enables one to conduct all the possible commands over all the banking demands online.
For one to have access to this portal one must have a strong internet connection.
The internet makes it possible for one to register into the portal of a financial institution so as to register. This also helps one to set a password and also other credentials required for customer verification. The credentials for Online banking is normally very different from the telephone banking which is commonly known as mobile banking.
The customers are normally allocated a customer number by the financial institution. An account number is totally different from the customers number. A customer number is at times linked to a certain account number. A customer number is linked to an account number which a certain customer has control on thus they are joined together.
There is a limitation for the number of accounts that might be reached by a certain account number they might include the savings, credit card, Cheques. A customer needs to visit a bank secure website. When the customer visits the website it makes it possible to have an online platform for where the customers details are filled.
Online banking makes one to have a permanent access to the bank this is one of its benefits. With the availability of the computer one can access the bank at any point.
While using mobile banking there is less time consuming and also we need not to go directly in to the bank. This online banking is very secure as the money is transferred accurately and immediately. It is a very quick method thus an easy way to make transactions.