How technology has changed banking over the years

E-banking , online banking , net banking ,etc.have completely changed the way banking is done today.

Online banking, also known  as internet banking or web banking, it is  an electronic payment system Electronic banking has many names like e banking, virtual banking, online banking, or internet banking. It is simply the use of electronic and telecommunications network for delivering various banking products and services.In which permits customers of a bank or other financial organization to conduct a variety of monetary transactions through the financial institution's website. the web banking industry will typically hook up with or be a part of the core banking industry operated by a bank and is in contrast to branch banking which was the normal way customers accessed banking services.

 -- This is the basic step of service that banks offer through their websites. Through this service, the bank offers information about its product and services to customers.  some banks may receive there reply and queries through e-mail ..

-- In this  banks allow their customers to submit instructions or applications for different services, check their account balance, etc.

--In the third step banks allow their customers to generate their accounts for funds transfer, bill payments,  etc.


Internet banking  provides personal and company banking services offering features like viewing account balances, obtaining statements, checking recent transactions, transferring money between accounts, and making payments etc..

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