electronic banking

banking transactions conducted through computerized systems, as electronic funds transfer by automated-teller machines, intended to speed operations, reduce costs, etc.


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Main Entry:  electronic banking
Part of Speech:  n
Definition:  a bank account maintained by computer and telecommunications links rather than physical transfer of cash, checks, or other negotiable instruments
Usage:  computing
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Example sentences
Electronic banking is providing easier access to untaxed offshore funds.
The author also predicts electronic banking and computer-managed financial
The state may convert your check to a one time electronic banking transaction.
If you have never used any of these electronic banking practices, don't worry.
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