INTERNET BANKING is a revolutionary service which changed the way accounts were operated earlier.This service permits its customers to perform financial transaction from his banks secure website by their retail or virtual bank or credit union.
This service has many features and applications:
1. EBPP- Electronic bill presentment and payment
2. Transfer of funds from a customers account to other customers account.
3. transactions from net
4. Non transactinals like- online statement , chat , cobrowsing and check links.
5. Loan applications and transaction
6. bank statements
7. Financial institution administration - this feature allows instituion to manage their users online
8. ASP- It allows hosting company to administer the solution across the financial institution.
UNIQUE features of online banking:
1. It gives its user a personal financial management control
2. ACCOUNT AGGREGATION : It permits users to monitor their account in one place.
How to operate your bank account from the internet???
For this you have to follow a few steps and banking will become very approachable for you.
1. First of all ask the manager of the bank for a form so that you can apply for online banking.
2. Fill up the form with all necesarry information.
3. After a few days you will receive a letter by post from your bank giving all the necessary details for you top operate your account online.
4. The letter will be consisting of your login id and a pin number.
5. Open the banks website and fill in the login id and password.
6. Now you can operate your account online.
FOR ANY OTHER GUIDANCE PLEASE LEAVE A COMMENT I WILL SURELY GIVE YOU THE DESIRED DETAILS.